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|
|
MIRA INFORM REPORT
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Report No. : |
505173 |
|
Report Date : |
24.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
NEOGROWTH CREDIT PRIVATE LIMITED (w.e.f.26.09.2012) |
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Formerly Known
As : |
BPJ CREDIT AND INVESTMENTS PRIVATE LIMITED |
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Registered
Office : |
503, Tower 2B, One IndiaBulls Centre, 841 S. B. Marg, Mumbai – 400013,
Maharashtra |
|
Tel. No.: |
91-22-49219999 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.05.1993 |
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Com. Reg. No.: |
11-251544 |
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Capital
Investment / Paid-up Capital : |
INR 448.322 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U51504MH1993PTC251544 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Giving Loans to the Merchants. [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 |
|
Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993. The company is engaged in
giving loans to the merchants. As per the financial of 2017, the company has achieved a massive
growth in its revenue as compared to the previous year’s revenue and has
reported an average net profit margin of 4.31%. The company possesses healthy financial position marked by sound net
worth base along with moderate debt balance sheet profile and average
liquidity position. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
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 24.04.2018
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.: 91-22-49219999]
91-22-65565565 – Ringing
LOCATIONS
|
Registered/ Corporate Office : |
503, Tower 2B, One IndiaBulls Centre, 841 S. B. Marg, Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-22-49219999 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at: · Ahmedabad · Bangalore · Chandigarh · Chennai · Coimbatore · Delhi · Indore · Hyderabad · Jaipur · Kolkata · Lucknow · Ludhiana · Madurai · Mumbai · Mysore · Nagpur · Pune · Surat · Vadodara · Vijayawada · Vizag |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Piyushkumar Kusum Khaitan |
|
Designation : |
Managing Director |
|
Address : |
37-A, Belvedere Court, Sane Guruji Marg, Mahalaxmi, Mumbai 400011, Maharashtra, India |
|
Date of Birth/Age : |
23.11.1957 |
|
Date of Appointment : |
07.06.2012 |
|
DIN No.: |
00002579 |
|
|
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|
Name : |
Mr. Dhruv Kumar Khaitan |
|
Designation : |
Director |
|
Address : |
411, 11th Floor, Samudra Mahal, Dr. Annie Besant Road, Worli, Mumbai 400018, Maharashtra, India |
|
Date of Birth/Age : |
23.10.1949 |
|
Date of Appointment : |
07.06.2012 |
|
DIN No.: |
00002584 |
|
|
|
|
Name : |
Mr. Nagesh Satyanarayan Basavanhalli |
|
Designation : |
Director |
|
Address : |
81/82, B Wing, Park Plaza, New Yari Road, Andheri (West), Mumbai 400061, Maharashtra, India |
|
Date of Appointment : |
08.01.2015 |
|
DIN No.: |
00027595 |
|
|
|
|
Name : |
Mr. Michael Jude Fernandes |
|
Designation : |
Director |
|
Address : |
Suraj Millenium, 13th Floor, Bhulabhai Desai Road, Mumbai 400026, Maharashtra, India |
|
Date of Appointment : |
23.01.2018 |
|
DIN No.: |
00064088 |
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|
|
|
Name : |
Mrs. Smita Aggarwal |
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Designation : |
Director |
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Address : |
201A/B, Raheja Haven, Prananjali, CTS No. 763 And 765, NS Road, 10, JVPD Scheme, Vile Parle (West), Mumbai 400049, Maharashtra, India |
|
Date of Appointment : |
21.06.2016 |
|
DIN No.: |
01478327 |
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|
|
|
Name : |
Mr. Prashasta Seth |
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Designation : |
Director |
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Address : |
903/1003, Sabari Aashiana Deonar Farm Road, Deonar Tiss Compound, Mumbai 400088, Maharashtra, India |
|
Date of Appointment : |
21.06.2016 |
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DIN No.: |
01729388 |
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|
|
|
Name : |
Mr. Ganesh Venkateshwaran Rengaswamy |
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Designation : |
Director |
|
Address : |
136 Phase, 2 Palm Meadows White Field Road, Ramagondanahalli, Bangalore 560066, Karnataka, India |
|
Date of Appointment : |
29.07.2015 |
|
DIN No.: |
02656783 |
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|
|
|
Name : |
Mr. Pranav Kumar |
|
Designation : |
Director |
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Address : |
Parao Pokha Lane 2 Ramna, Amgola, Muzaffarpur 842002, Bihar, India |
|
Date of Birth/Age : |
24.07.1984 |
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Date of Appointment : |
21.03.2018 |
|
DIN No.: |
07896173 |
KEY EXECUTIVES
|
Name : |
Mr. Ravikumar Balakumar |
|
Designation : |
Company Secretary |
|
Address : |
203, 2nd Floor, Casuarina "A" Evershine Greens Adarsh Nagar, Andheri (West), Mumbai 400053, Maharashtra, India |
|
Date of Appointment : |
22.01.2014 |
|
PAN No.: |
ACRPR3163Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Dhruv Kumar Khaitan * |
|
9000000 |
|
Piyushkumar Kusum Khaitan * |
|
9000000 |
|
On Mauritius, Mauritius * |
|
68 |
|
Westbridge Crossover Fund LLC, Mauritius * |
|
32 |
|
Aspada Investment Company, Mauritius |
|
100 |
|
Khosla Impact I Mauritius |
|
100 |
|
Accion Frontier Inclusion |
|
100 |
|
IIFL Seed Ventures Fund I, India * |
|
100 |
|
|
|
|
|
Total |
|
18000500 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
On Mauritius, Mauritius * |
|
7861825 |
|
Westbridge Crossover Fund LLC, Mauritius * |
|
1793256 |
|
Aspada Investment Company, Mauritius |
|
4189311 |
|
Khosla Impact I Mauritius |
|
3251470 |
|
Accion Frontier Inclusion |
|
4875985 |
|
IIFL Seed Ventures Fund I, India * |
|
4859845 |
|
|
|
|
|
Total |
|
26831692 |
* Shares held in demat form
AS ON 18.08.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Giving Loans to the Merchants. [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 : |
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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 : |
· The Federal Bank Limited Mumbai Fort Branch, 32/34, Church Gate House, Veer Nariman Road, Fort, Mumbai – 400023, Maharashtra, India · RBL Bank Limited Shahupuri, Kolhapur – 416001, Maharashtra, India |
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Facilities : |
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Financial Institutions : |
· Catalyst Trusteeship Limited GDA House, First Floor, Plot No. 85, S. No. 94 and 95, Bhusari Colony (Right), Kothrud, Pune – 411038, Maharashtra, India · Hero Fincorp Limited 34, Community Centre, Basant Lok Vasant Vihar, New Delhi – 110057, India · Caspian Impact Investments Private Limited 8-2-596/5/B/1, Road No.10, Banjara Hills, Hyderabad – 500034, Telangana, India · Mas Financial Services Limited 6 Narayan Chambers, Gr Floor, B/H Patang Hotel, Ashram Road, Ahmedabad – 380009, Gujarat, India · Maanaveeya Development and Finance Private Limited House No. 8-2-293/82/2/208/A and 208/A/1, M.L.A'S Colony, Banjara Hills, Road No. 12, Hyderabad – 500034, Telangana, India · Sundaram Finance Limited 21 Patullos Road, Chennai – 600002, Tamilnadu, India |
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Auditors : |
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|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
B2, 402B, Marathon Innova, 4th Floor, Parel, Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-66625537/ 38 |
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E-Mail : |
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PAN No.: |
AASFS9578D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
· Dilta Services LLP · InnoWorth Technologies Private Limited |
CAPITAL STRUCTURE
AFTER 18.08.2017
Authorised Capital : INR 670.000 Million
Issued, Subscribed & Paid-up Capital : INR 636.446
Million
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Shares |
INR 10/- each |
INR 190.000 Million |
|
28000000 |
Preference Shares |
INR 10/- each |
INR 280.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 470.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000500 |
Equity Shares |
INR 10/- each |
INR 180.005
Million |
|
26831692 |
Preference Shares |
INR 10/- each |
INR 268.317 Million |
|
|
|
|
|
|
|
Total |
|
INR 448.322
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 |
448.322 |
353.438 |
329.728 |
|
(b) Reserves & Surplus |
1114.343 |
87.485 |
75.265 |
|
(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) |
1562.665 |
440.923 |
404.993 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3210.589 |
1197.383 |
92.976 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
1.138 |
1.110 |
1.193 |
|
(d)
long-term provisions |
59.543 |
24.457 |
5.849 |
|
Total
Non-current Liabilities (3) |
3271.270 |
1222.950 |
100.018 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
483.508 |
215.481 |
254.093 |
|
(b)
Trade payables |
25.690 |
9.239 |
3.427 |
|
(c)
Other current liabilities |
745.806 |
767.628 |
119.569 |
|
(d)
Short-term provisions |
103.757 |
40.711 |
16.335 |
|
Total
Current Liabilities (4) |
1358.761 |
1033.059 |
393.424 |
|
|
|
|
|
|
TOTAL |
6192.696 |
2696.932 |
898.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
19.507 |
20.297 |
13.688 |
|
(ii)
Intangible Assets |
9.826 |
12.577 |
15.328 |
|
(iii)
Capital work-in-progress |
1.608 |
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 Loan
and Advances |
209.749 |
158.025 |
47.400 |
|
(e)
Other Non-current assets |
18.295 |
85.954 |
8.722 |
|
Total
Non-Current Assets |
258.985 |
276.853 |
85.138 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
5.844 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
8.998 |
0.317 |
0.000 |
|
(d)
Cash and cash equivalents |
1178.484 |
85.970 |
363.211 |
|
(e)
Short-term loans and advances |
4712.815 |
2292.905 |
438.929 |
|
(f)
Other current assets |
33.414 |
40.887 |
5.313 |
|
Total
Current Assets |
5933.711 |
2420.079 |
813.297 |
|
|
|
|
|
|
TOTAL |
6192.696 |
2696.932 |
898.435 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1328.502 |
487.884 |
68.246 |
|
|
|
Other Income |
51.594 |
19.104 |
10.252 |
|
|
|
TOTAL (A) |
1380.096 |
506.988 |
78.498 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
361.232 |
200.282 |
101.465 |
|
|
|
Exceptional Items |
12.500 |
0.000 |
0.000 |
|
|
|
Other expenses |
487.220 |
221.227 |
74.412 |
|
|
|
TOTAL (B) |
860.952 |
421.509 |
175.877 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
519.144 |
85.479 |
(97.379) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
439.852 |
187.887 |
30.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
79.292 |
(102.408) |
(127.694) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
15.389 |
12.139 |
9.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
63.903 |
(114.547) |
(137.609) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.599 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
57.304 |
(114.547) |
(137.609) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
|
|
|
|
Basic
|
3.18 |
(6.36) |
(7.65) |
|
|
|
Diluted
|
1.71 |
(3.95) |
(5.72) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
574.805 |
690.647 |
115.000 |
|
|
|
|
|
|
Cash generated from / (used in) operations |
(2245.003) |
(1946.298) |
(535.661) |
|
|
|
|
|
|
Net Cash flow from / (used in) Operating activities |
(2257.478) |
(1948.086) |
(536.120) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
2.47 |
0.24 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
147.64 |
1539.07 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
16.78 |
2.60 |
(3.36) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
1.08 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.73 |
4.77 |
1.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.87 |
2.34 |
0.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.07 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.18 |
0.45 |
(3.21) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.31 |
(23.48) |
(201.64) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.93 |
(4.25) |
(15.32) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.67 |
(25.98) |
(33.98) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.37 |
2.34 |
2.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.37 |
2.34 |
2.07 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.16 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.52 |
5.95 |
1.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.37 |
2.34 |
2.07 |
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 |
329.728 |
353.438 |
448.322 |
|
Reserves & Surplus |
75.265 |
87.485 |
1114.343 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
404.993 |
440.923 |
1562.665 |
|
|
|
|
|
|
Long-term borrowings |
92.976 |
1197.383 |
3210.589 |
|
Short term borrowings |
254.093 |
215.481 |
483.508 |
|
Current Maturities of Long term Borrowings |
115.000 |
690.647 |
574.805 |
|
Total
borrowings |
462.069 |
2103.511 |
4268.902 |
|
Debt/Equity ratio |
1.141 |
4.771 |
2.732 |
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 |
68.246 |
487.884 |
1328.502 |
|
|
|
614.890 |
172.299 |
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 |
68.246 |
487.884 |
1328.502 |
|
Profit/ (Loss) |
(137.609) |
(114.547) |
57.304 |
|
|
-201.64% |
-23.48% |
4.31% |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G59344507 |
100132087 |
CATALYST TRUSTEESHIP LIMITED |
24/10/2017 |
- |
- |
650000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
2 |
G58725029 |
100129812 |
THE FEDERAL BANK LTD |
29/09/2017 |
- |
- |
150000000.0 |
MUMBAI FORT BRANCH, 32/34, CHURCH GATE HOUSE,VEER NARIMAN ROAD, FORTMUMBAIMH400023IN |
|
3 |
G59277970 |
100130136 |
HERO FINCORP LIMITED |
27/09/2017 |
- |
- |
150000000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
4 |
G50325059 |
100116971 |
CATALYST TRUSTEESHIP LIMITED |
31/07/2017 |
- |
- |
506000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
5 |
G48188486 |
100109711 |
CATALYST TRUSTEESHIP LIMITED |
10/07/2017 |
- |
- |
860000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
6 |
G45866944 |
100106700 |
CATALYST TRUSTEESHIP LIMITED |
08/06/2017 |
- |
- |
250000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
7 |
G45857505 |
100102690 |
CASPIAN IMPACT INVESTMENTS PRIVATE LIMITED |
25/05/2017 |
- |
- |
130000000.0 |
8-2-596/5/B/1.ROAD NO.10, BANJARA HILLSHYDERABADTE500034IN |
|
8 |
G44561702 |
100099558 |
RBL BANK LIMITED |
28/04/2017 |
- |
- |
321085000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMH416001IN |
|
9 |
G40696783 |
100096909 |
CATALYST TRUSTEESHIP LIMITED |
05/04/2017 |
- |
- |
250000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
10 |
G42173591 |
100093085 |
MAS FINANCIAL SERVICES LIMITED |
31/03/2017 |
- |
- |
100000000.0 |
6 NARAYAN CHAMBERS GR FLR B/HPATANG HOTEL, ASHRAM ROADAHMEDABADGU380009IN |
|
11 |
G75028993 |
100088857 |
CATALYST TRUSTEESHIP LIMITED |
14/03/2017 |
31/12/2017 |
- |
325000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
12 |
G37972288 |
100082207 |
MAANAVEEYA DEVELOPMENT & FINANCE PRIVATE LIMITED |
10/03/2017 |
- |
- |
200000000.0 |
HOUSE NO. 8-2-293/82/2/208/A AND 208/A/1M.L.A'S COLONY, BANJARA HILLS, ROAD NO. 12HYDERABADTE500034IN |
|
13 |
G75027904 |
100077366 |
CATALYST TRUSTEESHIP LIMITED |
02/02/2017 |
31/12/2017 |
- |
350000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
14 |
G27481993 |
100063747 |
CATALYST TRUSTEESHIP LIMITED |
16/11/2016 |
- |
- |
400000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
15 |
G13307558 |
100054014 |
CATALYST TRUSTEESHIP LIMITED |
22/09/2016 |
- |
- |
400000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
16 |
G10860047 |
100048283 |
CATALYST TRUSTEESHIP LIMITED |
12/08/2016 |
- |
- |
403000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
17 |
G49258577 |
100045699 |
CATALYST TRUSTEESHIP LIMITED |
23/06/2016 |
21/07/2017 |
- |
400000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
18 |
G07274285 |
100040551 |
CATALYST TRUSTEESHIP LIMITED |
25/05/2016 |
- |
- |
202467000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
19 |
G63000251 |
100027411 |
SUNDARAM FINANCE LIMITED |
29/04/2016 |
30/10/2017 |
- |
61159850.0 |
21 PATULLOS ROADCHENNAITA600002IN |
|
20 |
G03338977 |
100026021 |
HERO FINCORP LIMITED |
25/04/2016 |
- |
- |
120000000.0 |
34, COMMUNITY CENTRE, BASANT LOKVASANT VIHARNEW DELHIDE110057IN |
|
21 |
G04004685 |
100027982 |
MAS FINANCIAL SERVICES LIMITED |
25/04/2016 |
- |
- |
100000000.0 |
6 NARAYAN CHAMBERS GR FLR B/HPATANG HOTEL, ASHRAM ROADAHMEDABADGU000000IN |
|
22 |
G01277797 |
100018965 |
HINDUJA LEYLAND FINANCE LIMITED |
22/03/2016 |
- |
- |
25000000.0 |
1 SARDAR PATEL ROADGUINDYCHENNAITA600032IN |
|
23 |
G00945113 |
100017885 |
IFMR CAPITAL FINANCE PRIVATE LIMITED |
21/03/2016 |
- |
- |
65000000.0 |
NO. 1, KANAGAM VILLAGE, 10TH FLOORIITM RESEARCH PARK, TARAMANICHENNAITA600113IN |
|
24 |
C82398710 |
10627697 |
MUTHOOT CAPITAL SERVICES LIMITED |
23/02/2016 |
- |
- |
150000000.0 |
MUTHOOT CAPITAL SERVICES LIMITED3RD FLOOR, MUTHOOT TOWERS, M.G. ROADKOCHIKL682035IN |
|
25 |
C79438412 |
10620923 |
IFMR CAPITAL FINANCE PRIVATE LIMITED |
28/01/2016 |
- |
- |
70000000.0 |
NO. 1, KANAGAM VILLAGE, 10TH FLOORIITM RESEARCH PARK, TARAMANICHENNAITN600113IN |
|
26 |
C80335862 |
10624431 |
GDA TRUSTEESHIP LIMITED |
19/01/2016 |
- |
- |
300000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMH411038IN |
|
27 |
C70177373 |
10602635 |
IFMR CAPITAL FINANCE PRIVATE LIMITED |
14/10/2015 |
- |
- |
32500000.0 |
NO. 1, KANAGAM VILLAGE, 10TH FLOORIITM RESEARCH PARK, TARAMANICHENNAITN600113IN |
|
28 |
G32640849 |
10597535 |
RBL BANK LIMITED |
22/09/2015 |
21/12/2016 |
- |
150000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
29 |
C66183245 |
10594930 |
IFMR CAPITAL FINANCE PRIVATE LIMITED |
09/09/2015 |
- |
- |
40000000.0 |
NO. 1, KANAGAM VILLAGE, 10TH FLOORIITM RESEARCH PARK, TARAMANICHENNAITN600113IN |
|
30 |
C65206401 |
10592995 |
MAS FINANCIAL SERVICES LIMITED |
31/08/2015 |
- |
- |
100000000.0 |
6 NARAYAN CHAMBERS GR FLR B/HPATANG HOTEL, ASHRAM ROADAHMEDABADGJ380009IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Redeemable Non-Convertible debentures (j) |
0.000 |
250.000 |
|
|
|
|
|
Total |
0.000 |
250.000 |
CORPORATE
INFORMATION
Subject was incorporated on 17.05.1993 (name changed w.e.f.26.09.2012) has
been registered with Reserve Bank of India under Section 45-1A of the Reserve
Bank India Act 1934 as non-deposit taking and non-systematically important
Non-Banking Financial Company w.e.f.13.09.2001. Presently the Company is
engaged in giving loans to the merchants.
FIXED ASSETS:
· Computers
· Office Equipments
· Mobile
· Furniture and Fixture
· Computer Software
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 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
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.22 |
|
UK Pound |
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
BVA |
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.