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|
MIRA INFORM REPORT
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Report No. : |
503852 |
|
Report Date : |
16.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
S D CORPORATION PRIVATE LIMITED |
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Registered
Office : |
70, Nagindas Master Road, Medows Street, fort, Mumbai – 400023, Maharashtra |
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Tel. No.: |
91-22-67872222 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
03.08.1998 |
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Com. Reg. No.: |
11-116091 |
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Capital
Investment / Paid-up Capital : |
INR 5.100
Million |
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CIN No.: [Company Identification
No.] |
U70109MH1998PTC116091 |
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|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AADCS4496C1Z9 |
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TIN No.: |
27610387661 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCS4496C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Real Estate Business. [Registered
Activity] |
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No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1998. For the financial year 2017, the company has reported dip in its
revenue of 51.17% as compared to the previous year along with operational
loss. The overall financial profile of the company seems to be average marked
by comfortable net worth base but poor debt protection metrics due to high
debt balance sheet profile. The rating S.D. Corporation Private Limited principally derives
strength from the credit enhancement mechanism in the form of an
unconditional and irrevocable revolving Debt Service Reserve Account (DSRA)
Guarantee to be extended by Shapoorji Pallonji and Company Private Limited.
Further, in the event of non-payment by issuer or Event of Default, the
credit enhancement provider would pay-off all dues to Debenture-holders
within the mentioned timeframe as per defined waterfall mechanisms. Payment seems to be slow. 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 Borrowing=AA+ |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
05.04.2018 |
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 16.04.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-67872222]
Given number [91-22-67490000] is belong to Group Company
LOCATIONS
|
Registered Office : |
70, Nagindas Master Road, Medows Street, Fort, Mumbai – 400023,
Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
SP Centre 41/44 Minoo Desai Marg, Colaba, Mumbai - 400005,
Maharashtra, India |
|
Tel. No.: |
91-22-67872222 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Amit Dilip Thacker |
|
Designation : |
Director |
|
Address : |
72, Landmark, Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
10.12.1976 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
01.07.2016 |
|
DIN No.: |
00149590 |
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|
|
|
Name : |
Mr. Nirav Bhupendra Dalal |
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Designation : |
Additional Director |
|
Address : |
301 3rd Floor, Hiranya 32 Hatkesh Society N S Road-5, Juhu Scheme, Vile Parle (West), Mumbai-400056, Maharashtra, India |
|
Date of Birth/Age : |
16.01.2018 |
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Date of Appointment : |
16.01.2018 |
|
DIN No.: |
01282068 |
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|
|
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Name : |
Mr. Venkatesh Gopalkrishan |
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Designation : |
Director |
|
Address : |
Flat no. 1001, 10th floor, B-wing, Kalpak Gulistan Perry Cross Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
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Date of Birth/Age : |
01.06.1972 |
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Qualification : |
Graduation |
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Date of Appointment : |
16.12.2013 |
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DIN No.: |
01252461 |
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|
|
|
Name : |
Mr. Vishwas Ramchandra More |
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Designation : |
Director |
|
Address : |
Flat No.401/4A, Shalaka, New Saraswati CHS Limited, Asha Nagar, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1959 |
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Qualification : |
Graduation |
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Date of Appointment : |
04.10.2010 |
|
DIN No.: |
03281028 |
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|
|
|
Name : |
Mr. Srinivasan Padmanabhan Iyer |
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Designation : |
Director |
|
Address : |
Flat no. 204, Building No. 8, 2nd Floor, Tulsidham Bhairavi CHS Limited, Off Ghodbund AR, Thane – 400607, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1965 |
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Qualification : |
Graduation |
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Date of Appointment : |
04.10.2010 |
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DIN No.: |
03284319 |
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|
|
|
Name : |
Mr. Zubin Meherwan Merchant |
|
Designation : |
Director |
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Address : |
C-30 Basant Bahar, Juhu Tara Road, Santacruz (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1976 |
|
Qualification : |
Graduation |
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Date of Appointment : |
01.08.2016 |
|
DIN No.: |
07015767 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Diljay Trading Company LLP (Formerly known as Diljay Trading and Investment Company Private
Limited) |
25501 |
50.00 |
|
Cyrus Engineers Private Limited |
25501 |
50.00 |
|
|
|
|
|
Total |
51002 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Real Estate Business. [Registered
Activity] |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
· Deutsche Bank AG 222 Kodak House, D. N. Road, Fort, Mumbai - 400001, Maharashtra, India |
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Financial Institution : |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard
Estate, Mumbai-400001, Maharashtra India |
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Auditors : |
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|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
16Th Floor, Tower II, Indiabulls Finance Centre S B Marg, Elphinstone West, Mumbai-400013, Maharashtra India |
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PAN No.: |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises Significance influence : |
· Shapoorji Pallonji And Company Private Limited, India [U45200MH1943PTC003812] · Sterling and Wilson Private Limited, India [U31200MH1974PTC017538] · S P Fabricators Private Limited, India [U25192MH1993PTC072591] · Thacker Caterers Private Limited, India [U15100MH1991PTC061985] · Forbes Facility Services Private Limited, India [U74930MH2004PTC147742] · Eureka Forbes Limited, India [U27109WB1931PLC007010] · Forvol International Services Limited, India [U55100MH1977PLC019660] |
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Subsidiary Companies : |
· Always Remember Properties Private Limited · Bigsearch Properties Private Limited · Coventry Properties Private Limited · Heart Beat Properties Private Limited · Insight Properties Private Limited · S. D. New Samata Nagar Development Private Limited · S. D. SVP Nagar Redevelopment Private Limited · SDC Infrastructure Private Limited · S. D. Town Development Private Limited · SDC Township Private Limited · S D Imperial Property Maintenance Private Limited · Redstone Films Private Limited · Turner Films Private Limited · SDC Mines Private Limited · SD Palm Lands Redevelopment Private Limited · Blue Stone Middle East Limited · SD Powai Redevelopment Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 100/- each |
INR 50.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51002 |
Equity Shares |
INR 100/- each |
INR 5.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
5.100 |
5.100 |
5.100 |
|
(b) Reserves & Surplus |
519.074 |
545.080 |
867.449 |
|
(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) |
524.174 |
550.180 |
872.549 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
18548.512 |
11744.579 |
12009.199 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
212.600 |
778.147 |
229.907 |
|
(d)
long-term provisions |
0.703 |
0.330 |
0.158 |
|
Total
Non-current Liabilities (3) |
18761.815 |
12523.056 |
12239.264 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
4884.517 |
8887.871 |
4750.713 |
|
(b)
Trade payables |
6084.506 |
4632.194 |
1940.437 |
|
(c)
Other current liabilities |
8465.439 |
3747.934 |
6063.355 |
|
(d)
Short-term provisions |
0.389 |
0.298 |
0.420 |
|
Total
Current Liabilities (4) |
19434.851 |
17268.297 |
12754.925 |
|
|
|
|
|
|
TOTAL |
38720.840 |
30341.533 |
25866.738 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
820.461 |
851.897 |
869.290 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
7.487 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
1.130 |
3.698 |
0.000 |
|
(b) Non-current
Investments |
609.155 |
558.131 |
558.010 |
|
(c) Deferred tax assets
(net) |
328.105 |
272.283 |
1.271 |
|
(d) Long-term Loan
and Advances |
324.846 |
399.037 |
1042.282 |
|
(e)
Other Non-current assets |
1185.142 |
879.705 |
3.927 |
|
Total
Non-Current Assets |
3268.839 |
2964.751 |
2482.267 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
30.730 |
0.000 |
0.000 |
|
(b)
Inventories |
32083.820 |
25102.715 |
20531.005 |
|
(c)
Trade receivables |
688.323 |
401.439 |
545.219 |
|
(d)
Cash and cash equivalents |
260.516 |
194.701 |
115.054 |
|
(e)
Short-term loans and advances |
1213.619 |
740.700 |
2121.297 |
|
(f)
Other current assets |
1174.993 |
937.227 |
71.896 |
|
Total
Current Assets |
35452.001 |
27376.782 |
23384.471 |
|
|
|
|
|
|
TOTAL |
38720.840 |
30341.533 |
25866.738 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1303.677 |
2670.077 |
678.777 |
|
|
|
Other Income |
107.471 |
125.433 |
94.937 |
|
|
|
TOTAL |
1411.148 |
2795.510 |
773.714 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5635.978 |
5893.363 |
3188.390 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(6980.410) |
(5205.509) |
(4806.726) |
|
|
|
Employees benefits expense |
14.923 |
23.431 |
5.346 |
|
|
|
Other expenses |
564.815 |
423.876 |
359.099 |
|
|
|
Extraordinary Items |
0.000 |
0.000 |
(7.266) |
|
|
|
TOTAL |
(764.694) |
1135.161 |
(1261.157) |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
2175.842 |
1660.349 |
2034.871 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2192.343 |
1977.615 |
2023.353 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(16.501) |
(317.266) |
11.518 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.335 |
39.929 |
26.775 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(54.836) |
(357.195) |
(15.257) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(28.825) |
(127.851) |
0.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(26.011) |
(229.344) |
(15.551) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(510.00) |
(4496.76) |
(304.91) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
46.890 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(4006.962) |
(2343.471) |
(2691.176) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(4002.241) |
(2306.523) |
(2707.179) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
192.71 |
54.88 |
293.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.89 |
6.65 |
1.24 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
394.05 |
286.89 |
222.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.07 |
0.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.65 |
1.94 |
2.32 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.98 |
0.96 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
44.70 |
37.50 |
19.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
37.08 |
31.39 |
14.62 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.57 |
1.56 |
1.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.99 |
0.84 |
1.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(2.00) |
(8.59) |
(2.29) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.07) |
(0.76) |
(0.06) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(4.96) |
(41.69) |
(1.78) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.82 |
1.59 |
1.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.17 |
0.13 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.01 |
0.02 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4594.71 |
4045.58 |
3295.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.82 |
1.59 |
1.83 |
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 |
5.100 |
5.100 |
5.100 |
|
Reserves & Surplus |
867.449 |
545.080 |
519.074 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
872.549 |
550.180 |
524.174 |
|
|
|
|
|
|
long-term borrowings |
12009.199 |
11744.579 |
18548.512 |
|
Short term borrowings |
4750.713 |
8887.871 |
4884.517 |
|
Total
borrowings |
16759.912 |
20632.450 |
23433.029 |
|
Debt/Equity
ratio |
19.208 |
37.501 |
44.705 |
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 |
678.777 |
2670.077 |
1303.677 |
|
|
|
293.366 |
-51.175 |
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 |
678.777 |
2670.077 |
1303.677 |
|
Profit |
(15.551) |
(229.344) |
(26.011) |
|
|
(2.29%) |
(8.59%) |
(2.00%) |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.100 |
5.100 |
|
(b) Reserves & Surplus |
|
476.047 |
487.946 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
(3) Non Controlling
interest |
|
1.610 |
1.536 |
|
Total
Shareholders’ Funds (1) + (2) |
|
482.757 |
494.582 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
18548.512 |
11744.579 |
|
(b) Deferred tax liabilities (Net) |
|
0.049 |
0.037 |
|
(c)
Other long term liabilities |
|
212.600 |
778.147 |
|
(d)
long-term provisions |
|
0.703 |
0.330 |
|
Total
Non-current Liabilities (3) |
|
18761.864 |
12523.093 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
5021.917 |
9025.271 |
|
(b)
Trade payables |
|
6172.216 |
4645.232 |
|
(c)
Other current liabilities |
|
8982.345 |
4525.959 |
|
(d)
Short-term provisions |
|
0.390 |
0.298 |
|
Total
Current Liabilities (4) |
|
20176.868 |
18196.760 |
|
|
|
|
|
|
TOTAL |
|
39421.489 |
31214.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
821.232 |
852.916 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
1.130 |
3.698 |
|
(b) Non-current
Investments |
|
590.840 |
539.840 |
|
(c) Deferred tax assets
(net) |
|
271.164 |
272.283 |
|
(d) Long-term Loan
and Advances |
|
34.366 |
116.682 |
|
(e)
Other Non-current assets |
|
1307.782 |
963.440 |
|
Total
Non-Current Assets |
|
3026.514 |
2748.859 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
30.730 |
0.000 |
|
(b)
Inventories |
|
33652.470 |
26574.491 |
|
(c)
Trade receivables |
|
716.533 |
472.772 |
|
(d)
Cash and cash equivalents |
|
280.242 |
206.445 |
|
(e)
Short-term loans and advances |
|
457.047 |
193.485 |
|
(f)
Other current assets |
|
1257.953 |
1018.383 |
|
Total
Current Assets |
|
36394.975 |
28465.576 |
|
|
|
|
|
|
TOTAL |
|
39421.489 |
31214.435 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
1600.931 |
2670.077 |
|
|
|
Other Income |
|
93.106 |
112.231 |
|
|
|
TOTAL |
|
1694.037 |
2782.308 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
6090.762 |
6022.194 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(7082.658) |
(5350.670) |
|
|
|
Employees benefits expense |
|
14.922 |
23.432 |
|
|
|
Other expenses |
|
408.993 |
438.018 |
|
|
|
TOTAL |
|
(567.981) |
1132.974 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
2262.018 |
1649.334 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2208.461 |
1992.672 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
53.557 |
(343.338) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
38.584 |
41.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
14.973 |
(384.569) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
28.129 |
(127.814) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(13.156) |
(256.755) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
(257.94) |
(5034.21) |
|
LEGAL CASES
HIGH COURT
|
MS. VICHARE AND COMPANY PRIVATE LIMITED VS MS. S D CORPORATION PVT. LTD. AND ANR |
|
high court-Mum |
|
Case no:984. ARBAP/337/2014 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Date:2015-10-02T00:00:00Z |
HIGH COURT
|
MS. VICHARE AND COMPANY PRIVATE LIMITED VS MS. S D CORPORATION PVT. LTD. AND ANR |
|
high court-Mum |
|
Case no:927. NMS/24/2015 |
|
Case status:Pending |
|
Judge:HON'BLE SMT. JUSTICE R.S. DALVI |
|
Date:2015-01-28T00:00:00Z |
HIGH COURT
|
MS. VICHARE AND COMPANY PRIVATE LIMITED VS MS. S D
CORPORATION PVT. LTD. AND ANR IN REPLY FOR AND ON FILED ON 1122015. PER
HONBLE SHRI ON 27032015. |
|
high court-Mum |
|
Case no:13. ARBAP/337/2014 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE G.S. PATEL |
|
Date:2015-06-19T00:00:00Z |
HIGH COURT
|
MS. VICHARE AND COMPANY PRIVATE LIMITED VS MS. S D
CORPORATION PVT. LTD. AND ANR IN REPLY FOR AND ON FILED ON 1122015. |
|
high court-Mum |
|
Case no:969. ARBAP/337/2014 |
|
Case status:Pending |
|
Judge:HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
|
Date:2015-02-18T00:00:00Z |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
G79430591 |
100165335 |
IDBI TRUSTEESHIP SERVICES LIMITED |
23/02/2018 |
- |
- |
1000000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
2 |
G61333597 |
100133437 |
IDBI TRUSTEESHIP SERVICES LIMITED |
24/10/2017 |
- |
- |
2000000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MumbaiMH400001IN |
|
3 |
G45336922 |
100106176 |
IDBI TRUSTEESHIP SERVICES LIMITED |
11/05/2017 |
- |
- |
3000000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
4 |
G42625574 |
100102293 |
IDBI TRUSTEESHIP SERVICES LIMITED |
24/04/2017 |
- |
- |
4000000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
5 |
G37810785 |
100089918 |
IDBI TRUSTEESHIP SERVICES LIMITED |
13/02/2017 |
- |
- |
1400000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
6 |
G37241056 |
100083188 |
IDBI TRUSTEESHIP SERVICES LIMITED |
04/02/2017 |
- |
- |
2400000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
7 |
G09820101 |
100045776 |
IDBI TRUSTEESHIP SERVICES LIMITED |
01/08/2016 |
- |
- |
1850000000.0 |
Asian Building, Ground Floor, 17R. Kamani Marg, Ballard EstateMumbaiMH400001IN |
|
8 |
G10969111 |
100048359 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
30/06/2016 |
- |
- |
10000000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMa400020IN |
|
9 |
G06645147 |
100045240 |
IDBI TRUSTEESHIP SERVICES LIMITED |
18/06/2016 |
- |
- |
3000000000.0 |
Asian Building, Ground Floor, 17 RKamani Marg, Ballard EstateMumbaiMH400001IN |
|
10 |
B89083174 |
10033288 |
DEUTSCHE BANK AG |
22/12/2006 |
19/10/2013 |
- |
919000000.0 |
222 KODAK HOUSED. N. ROAD, FORTMUMBAIMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
13390.036 |
11023.932 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Term loans from banks |
4884.517 |
8887.871 |
|
|
|
|
|
Total |
18274.553 |
19911.803 |
STATE OF COMPANY’S AFFAIRS:
The Company operates into real estate business. It has various residential and commercial projects, mainly based in Mumbai, wherein investment is either direct by the Company or through its subsidiaries/associates/joint ventures.
The Company has adopted Indian Accounting Standards (Ind-AS) with effect from 1st April, 2016 prescribed under section 133 of the Companies Act, 2013.
During the year ended March 31, 2017, the Company earned total revenue of INR 1411.148 Million in comparison to INR 2795.510 Million in the previous year. The loss for the year ended March 31, 2017 was INR 26.011 Million in comparison to loss of INR 229.344 Million in the previous year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
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 : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.