|
|
|
MIRA INFORM REPORT
|
Report No. : |
504411 |
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Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PAN INDIA INFRAPROJECTS PRIVATE LIMITED (w.e.f. 24.07.2012) |
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|
|
|
Formerly Known
As : |
ESSEL SPORTS PRIVATE LIMITED |
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Registered
Office : |
Continental Building, 135, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra |
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Tel. No.: |
91-22-66012323 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of
Incorporation : |
22.05.2007 |
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|
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Com. Reg. No.: |
11-171016 |
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Capital
Investment / Paid-up Capital : |
INR 1080.500 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U92412MH2007PTC171016 |
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TIN No.: |
27165209633 |
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IEC No.: [Import-Export Code No.] |
0307060144 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AABCE7719E |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCE7719E1ZP |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity. (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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Maximum Credit Limit : |
USD 67000000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Pan India Infraprojects Private Limited (PIIPL) is a part of the Essel Group and functions as the nodal Erection Procurement and Construction (EPC) agency for various projects undertaken by the group. PIIPL is engaged in sectors like roads, waste management, power distribution etc. The company was incorporated in 2007 and is based in Mumbai, Maharashtra. It is an established company having satisfactory track. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources. The company has strong financial base, healthy capital structure along with low debt balance sheet. The rating continues to factor in PIIPL’s parentage by virtue of being part of the Essel group and the group’s focus on the infrastructure sector along with the support extended to PIIPL and the long-standing experience of key managerial and technical personnel in the road construction sector. However, rating strength is partially offset by loss incurred from its operation during the year 2016. Trade relations are reported as fair. Business is active. Payments are slow but correct. The company can be considered for business dealings at usual trade terms and condition. |
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 |
ICRA |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
17.11.2017 |
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
31-03-2018.
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 20.04.2018
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 : |
Mr. Vishnu |
|
Designation : |
H.R. Department |
|
Contact No.: |
91-22-67541400 |
|
Date : |
17.04.2018 |
LOCATIONS
|
Registered Office : |
Continental Building, 135, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|
Tel No.: |
91-22-67541400/ 66971234/ 66012323/ 66012300 |
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Fax No.: |
91-22-66012300 |
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E-Mail : |
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Website : |
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Corporate Office : |
6TH Floor, Plot No. 19 and 20, Sector 16 A, Film City,
Noida - 201301, Uttar Pradesh, India |
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Tel No.: |
91-120-4849500 |
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E-Mail : |
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Regional Office: |
Located At:
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DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Siddharth Balukeswar Sar |
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Designation : |
Additional Director |
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Address : |
301, Tower 2, Kesar Exutica, Sector 10, Kharghar, Navi Mumbai - 410210, Maharashtra, India |
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Date of Birth/Age : |
07.05.1974 |
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Date of Appointment : |
03.04.2017 |
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DIN No.: |
07252007 |
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Other Directorship:
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Name : |
Mr. Deepak Sethi |
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Designation : |
Additional Director |
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Address : |
1104, 11th Floor, Kabra Galaxy, Alya Building, Off G. B. Road, Brahamand Azadnagar, Thane (West), Thane-400607, Maharashtra, India |
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Date of Birth/Age : |
09.05.1971 |
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Date of Appointment : |
12.12.2016 |
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DIN No.: |
07527637 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mrs. Arshiya Jivan Dosajh |
|
Designation : |
Company Secretary |
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Address : |
B1A/27C, Janakpuri, Janakpuri, B-1, S.O, West Delhi, Delhi-110058, India |
|
Date of Appointment : |
30.06.2017 |
|
PAN No.: |
ARIPD6225H |
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|
|
|
Name : |
Mayekar and Associates |
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Designation : |
Company Secretaries |
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Address : |
Nidhi Apartment No.1, Flat no.51/54, 5th Floor, Loberty
Garden Road No.3, Malad (West), Mumbai – 400064, Maharashtra, India |
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Tel. No: |
91-22-28890688 |
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Mob. No: |
91-8452046339 |
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Email: |
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|
|
|
|
Name : |
Mr. Vishnu |
|
Designation : |
H.R. Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.20167
|
Names of Shareholders |
|
No. of Shares |
|
Jayneer Capital Private Limited, India |
|
79970005 |
|
Essel Airport Infrastructures Private Limited, India |
|
28080000 |
|
Total |
|
108050005 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters - Body
corporate |
74.01 |
|
Public/Other than
promoters - Body corporate |
25.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. (Registered Activity) |
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Products : |
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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 declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
J. Singh and Associates Chartered Accountants |
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Address : |
505 – 507, Hubtown Viva Shankarwadi, Western Express Highway, Andheri (East), Mumbai-400060, Maharashtra, India |
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PAN No.: |
AADFJ9230E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company |
Jayneer Capital Private Limited (U61190MH1986PTC039204) |
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Subsidiary Company |
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|
Fellow Subsidiary
Company |
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Associate Company |
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CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
161009900 |
Equity Shares |
INR 10/- each |
INR 1610.099 Million |
|
10001000 |
Preference Share |
INR 1/- each |
INR 10.001 Million |
|
|
Total |
|
INR 1620.100
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108050005 |
Equity Shares |
INR 10/- each |
INR 1080.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1080.500 |
1090.001 |
1090.001 |
|
(b) Reserves and Surplus |
22456.717 |
22529.593 |
22204.544 |
|
(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) |
23537.217 |
23619.594 |
23294.545 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9490.845 |
11594.155 |
5253.272 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
10690.786 |
11669.212 |
12739.635 |
|
(d) long-term
provisions |
11.473 |
4.779 |
2.358 |
|
Total Non-current
Liabilities (3) |
20193.104 |
23268.146 |
17995.265 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
666.625 |
1.000 |
117.200 |
|
(b) Trade
payables |
5783.123 |
9869.227 |
9207.298 |
|
(c) Other
current liabilities |
6545.795 |
4634.127 |
7044.837 |
|
(d) Short-term
provisions |
35.844 |
17.448 |
0.144 |
|
Total Current
Liabilities (4) |
13031.387 |
14521.802 |
16369.479 |
|
|
|
|
|
|
TOTAL |
56761.708 |
61409.542 |
57659.289 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
25959.124 |
25957.214 |
25906.725 |
|
(ii)
Intangible Assets |
650.000 |
1300.000 |
1950.000 |
|
(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 |
1188.295 |
638.223 |
638.323 |
|
(c) Deferred tax assets (net) |
51.896 |
220.795 |
0.000 |
|
(d)
Long-term loans and advances |
11703.535 |
10169.594 |
10076.768 |
|
(e) Other
Non-current assets |
2.148 |
2.864 |
3.580 |
|
Total Non-Current
Assets |
39554.998 |
38288.690 |
38575.396 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
5250.586 |
7286.912 |
6899.199 |
|
(d) Cash and
bank balances |
1343.595 |
196.717 |
63.217 |
|
(e)
Short-term loans and advances |
9529.094 |
15353.219 |
8884.666 |
|
(f) Other
current assets |
1083.435 |
284.004 |
3236.811 |
|
Total
Current Assets |
17206.710 |
23120.852 |
19083.893 |
|
|
|
|
|
|
TOTAL |
56761.708 |
61409.542 |
57659.289 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
15723.896 |
11427.461 |
12135.351 |
|
|
Other Income |
283.266 |
334.629 |
212.467 |
|
|
TOTAL |
16007.162 |
11762.090 |
12347.818 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
237.130 |
138.723 |
70.142 |
|
|
Other expenses |
13208.819 |
9549.733 |
9967.826 |
|
|
TOTAL |
13445.949 |
9688.456 |
10037.968 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2561.213 |
2073.634 |
2309.850 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1666.546 |
1300.194 |
1160.473 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
894.667 |
773.440 |
1149.377 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
667.003 |
668.314 |
1050.240 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
227.664 |
105.126 |
99.137 |
|
|
|
|
|
|
|
Less |
TAX |
310.041 |
(219.980) |
35.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(82.377) |
325.106 |
64.137 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.76) |
3.01 |
0.59 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
2674.750 |
1160.000 |
3050.200 |
|
Net cash flows from (used in) operations |
562.026 |
1706.984 |
7201.134 |
|
Net cash flows from (used in) operating activities |
443.064 |
1628.399 |
8016.080 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
121.88 |
232.75 |
207.51 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
2.99 |
1.57 |
1.76 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.10 |
0.08 |
0.08 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.44 |
0.44 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / Net Worth) |
|
0.55 |
0.54 |
0.36 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.55 |
0.61 |
0.70 |
|
|
|
|
|
|
|
Fixed Assets to Net Worth (Net Fixed Assets
/ Net Worth) |
|
1.13 |
1.15 |
1.20 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.54 |
1.59 |
1.99 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(0.52) |
2.84 |
0.53 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(0.15) |
0.53 |
0.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / Net
Worth) * 100] |
(%) |
(0.35) |
1.38 |
0.28 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.32 |
1.59 |
1.17 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) /
Current Liabilities] |
|
1.32 |
1.59 |
1.17 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.41 |
0.38 |
0.40 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
11.88 |
11.70 |
7.73 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.32 |
1.59 |
1.17 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1090.001 |
1090.001 |
1080.500 |
|
Reserves & Surplus |
22204.544 |
22529.593 |
22456.717 |
|
Net worth |
23294.545 |
23619.594 |
23537.217 |
|
|
|
|
|
|
Long-term borrowings |
5253.272 |
11594.155 |
9490.845 |
|
Short term borrowings |
117.200 |
1.000 |
666.625 |
|
Current maturities of
long-term debts |
3050.200 |
1160.000 |
2674.750 |
|
Total
borrowings |
8420.672 |
12755.155 |
12832.220 |
|
Debt/Equity
ratio |
0.361 |
0.540 |
0.545 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12135.351 |
11427.461 |
15723.896 |
|
|
|
(5.833) |
37.597 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
12135.351 |
11427.461 |
15723.896 |
|
Profit/ (Loss) |
64.137 |
325.106 |
(82.377) |
|
|
0.53
% |
2.84
% |
(0.52
%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1080.500 |
1090.001 |
|
(b) Reserves and Surplus |
|
22854.552 |
22914.442 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
23935.052 |
24004.443 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
12721.459 |
13644.155 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
10690.786 |
11669.212 |
|
(d) long-term
provisions |
|
15.114 |
10.129 |
|
Total Non-current
Liabilities (3) |
|
23427.359 |
25323.496 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1516.625 |
849.873 |
|
(b) Trade payables |
|
5901.692 |
9917.413 |
|
(c) Other
current liabilities |
|
8310.213 |
6039.739 |
|
(d) Short-term
provisions |
|
43.741 |
24.471 |
|
Total Current
Liabilities (4) |
|
15772.271 |
16831.496 |
|
|
|
|
|
|
TOTAL |
|
63134.682 |
66159.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
25964.739 |
25958.516 |
|
(ii)
Intangible Assets |
|
657.959 |
1314.150 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
3090.675 |
1593.612 |
|
(c) Deferred tax assets (net) |
|
52.417 |
221.094 |
|
(d)
Long-term loans and advances |
|
12185.290 |
11040.760 |
|
(e) Other Non-current
assets |
|
2.148 |
2.864 |
|
Total Non-Current
Assets |
|
41953.228 |
40130.996 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
5644.401 |
7399.430 |
|
(d) Cash and
bank balances |
|
1375.109 |
203.395 |
|
(e)
Short-term loans and advances |
|
9389.378 |
15353.219 |
|
(f) Other
current assets |
|
4772.566 |
3072.395 |
|
Total
Current Assets |
|
21181.454 |
26028.439 |
|
|
|
|
|
|
TOTAL |
|
63134.682 |
66159.435 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
16639.933 |
12689.108 |
|
|
Other Income |
|
322.900 |
468.980 |
|
|
TOTAL |
|
16962.833 |
13158.088 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
13539.238 |
10345.026 |
|
|
Employee benefit expense |
|
300.934 |
217.266 |
|
|
Other expenses |
|
179.840 |
120.592 |
|
|
TOTAL |
|
14020.012 |
10682.884 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
2942.821 |
2475.204 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
2018.976 |
1678.625 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
923.845 |
796.579 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
677.650 |
670.826 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
246.195 |
125.753 |
|
|
|
|
|
|
|
Less |
TAX |
|
315.326 |
(213.254) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(69.131) |
339.007 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(0.63) |
3.14 |
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 |
No |
|
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 |
GENERAL INFORMATION
The Company was incorporated in State of Maharashtra on 22nd May, 2007. The Company was incorporated with the object to venture/ collaborate/ provide assistance in Media, Telecom, Information Technology both software and hardware and/or Infrastructure business ventures of all type, form and manner either by providing technical, operational, managerial or advisory services relating Media, Telecom, Information Technology and/or Infrastructure business or by promoting, funding and/or investing in such ventures and acquiring, holding and otherwise dealing in securities of such Media, Telecom, Information Technology and/or Infrastructure ventures, in India or elsewhere.
OPERATIONS AND
BUSINESS REVIEW:
During the year, the revenue of Company increased from INR 11762.090 million and INR 16007.162 million. The expenses of the Company increased from INR 11656.964 million to INR 15779.499 million. The Company has made net loss of INR 82.377 million during the current year as compared to last year’s profit of INR 325.106 million.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Partly convertible debentures others |
7.750 |
7.750 |
|
Loans and advances from others |
772.845 |
1320.000 |
|
Other loans and advances |
0.000 |
539.229 |
|
Total |
780.595 |
1866.979 |
CONTINGENT
LIABILITIES:
(INR in Million)
|
PARTICULARS |
31.03.2016 |
|
Corporate guarantees given to bank against guarantees issued by the banks on behalf of others |
163.600 |
|
Disputed Income Tax |
3.810 |
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G40764433 |
100089204 |
IREP CREDIT CAPITAL PRIVATE LIMITED |
27/02/2017 |
- |
- |
150000000.0 |
Unit No1110,11th Floor,The Capital,Plot No C-70,G-Block,Opp ICICI Bank,BKC,Bandra (E)MumbaiMa400051IN |
|
2 |
G12124533 |
100050478 |
CORPORATION BANK LIMITED |
02/08/2016 |
- |
- |
1000000000.0 |
MID CORPORATE BRANCH, VEENA CHAMBERS,21 DALAL STREET, FORT, MUMBAImumbaiMH400023IN |
|
3 |
C76802776 |
10615262 |
IDBI TRUSTEESHIP SERVICES LIMITED |
23/12/2015 |
- |
- |
1000000000.0 |
Asian Building, Ground Floor, 17. R. Kamani Marg,Ballard EstateMumbaiMH400001IN |
|
4 |
C51177715 |
10564222 |
TAMILNAD MERCANTILE BANK LIMITED |
30/03/2015 |
- |
- |
500000000.0 |
Hemprakash Building, Ground Floor#92 Kazi Sayed Street, MandviMumbaiMH400003IN |
|
5 |
C43104132 |
10548257 |
YES BANK LIMITED |
20/01/2015 |
- |
- |
4000000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MumbaiMH400018IN |
|
6 |
G48551212 |
10353537 |
BANK OF MAHARASHTRA |
23/04/2012 |
- |
05/07/2017 |
1000000000.0 |
Kshirsagar House, 1st FloorNear Sai Baba Mandir, Gaothan, Virar (W)ThaneMH401303IN |
|
7 |
G43245992 |
10347499 |
JAMMU AND KASHMIR BANK LIMITED |
20/03/2012 |
- |
20/04/2017 |
1000000000.0 |
(CORPORATE HEADQUARTERS),M.A.ROAD,SRINAGAR,KASHMIRSRINAGARJK190001IN |
|
8 |
G42004598 |
10339472 |
JAMMU AND KASHMIR BANK LIMITED |
09/02/2012 |
- |
30/03/2017 |
1000000000.0 |
(CORPORATE HEADQUARTERS),M.A.ROAD,SRINAGAR,KASHMIRSRINAGARJK190001IN |
|
9 |
G41280579 |
10549112 |
RBL Bank Limited |
19/01/2015 |
15/01/2016 |
29/03/2017 |
1500000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMH416001IN |
|
10 |
G01524867 |
10337868 |
THE RATNAKAR BANK LIMITED |
23/01/2012 |
- |
05/04/2016 |
1000000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMH416001IN |
FIXED ASSETS
- Land
- Furniture and Fixtures
- Vehicles
- Motor vehicles
- Office Equipment
- Office Equipment
- Computer Equipments
- Other 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 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
KJL |
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 |
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.