|
|
|
MIRA INFORM REPORT
|
Report No. : |
504967 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DMI HOUSING FINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Express Building, 3rd Floor, 9-10, Bahadur Shah Zafar Marg, New Delhi - 110002 |
|
Tel. No.: |
91-11-49834444 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.03.2011 |
|
|
|
|
Com. Reg. No.: |
55-216373 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 673.663 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65923DL2011PTC216373 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCD9085A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AADCD9085A1ZR |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company is mainly engaged in the business of Providing Housing Loans. (Registered activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
250 (Approximately) |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “DMI Finance Private Limited” but its ultimate holding is “DMI Ltd” based in Mauritius. It was incorporated in the year 2011 and it is engaged in providing housing loans. As per financial of March 2017, the company has registered a decent growth in its revenue but has reported losses. Rating takes into consideration the company’s sound capital base along with low solvency indicators and decent liquidity position. Rating also takes into account the experienced board and management team, liquidity owing to regular capital infusion from the investors and credit enhancement in form of unconditional and irrevocable corporate guarantee provided by its holding company. However, rating strength is partially offset by low reserves level of the company. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term rating = AA- (SO) |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
25.09.2017 |
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
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mrs. Leena Raj |
|
Designation : |
Admin Department Head |
|
Contact No.: |
91-9899184835 |
|
Date : |
23.04.2018 |
LOCATIONS
|
Registered Office : |
Express Building, 3rd Floor, 9-10, Bahadur Shah Zafar Marg, New Delhi - 110002, India |
|
Tel. No.: |
91-11-49834444 |
|
Mobile No.: |
91-9899184835 (Mrs. Leena Raj) 91-9599766958 (Ms. Shilpi Varshney) |
|
Fax No.: |
91-11-41204400 |
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E-Mail : |
|
|
Website : |
|
|
Locality : |
Commercial |
|
|
|
|
Ghaziabad Branch |
2nd Floor, Plot No. 17, Advocate Chamber, RDC, Raj Nagar, Ghaziabad, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2820113 |
|
E-Mail : |
|
|
|
|
|
Noida Branch |
In Front of Salarpur Gate Bhangel, Main Dadari Road, Noida, Uttar Pradesh, India |
|
Tel. No.: |
91-11-49834444 |
|
E-Mail : |
|
|
|
|
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Branch offices : |
Also located at :
Amit Complex, Plot No. 66 2 Zone, M.P. Nagar, Bhopal - 462011, Madhya Pradesh, India
108 and 108 A, 1st Floor, Megapolis Square 579, M.G. Road, Indore – 462011, Madhya Pradesh, India
Office No. 6-7, 4th floor, Sanghi Upasana Tower Subhash Marg, Near Ahinsa Circle, C – Scheme, Jaipur – 302001, Rajasthan, India
Showroom No. 5, 2nd floor Balaji Enclave, Patiala Road, Zirakpur, Distt Mohali – 140603, Punjab, India
Shop no 102, 1st floor, Hari Om Plaza MG Road, Opposite National Park, Borivali – East, Mumbai – 400066, Maharashtra, India
Office no 409, 4th floor, Ratnaraj, Springs, Opposite HDFC Bank house, Mithakali Six road, Navrangpura, Ahmedabad, Gujarat, India
1st floor, shop no 19, Saroday Mall, Opposite APMC Market, Kalyan – 421301, Maharashtra, India
Office no 217, Times Square, Opposite Land Mark Empire Magob, Parvat Patia, Kadodra Road, Surat – 395010, Gujarat, India
Shop Number FF 72 and FF 73 First Floor, CC-12, RIICO Industrial Area Phase I, Neemrana Central Neemrana, Rajasthan – 301705, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Gaurav Burman |
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Designation : |
Additional Director |
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|
Address : |
30 Wilton Pl, Belgravia, London SW1X 8SH, United Kingdom |
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Date of Appointment : |
18.12.2017 |
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DIN No.: |
01870814 |
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Other Directorship:
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Name : |
Yuvraja Chanakya Singh |
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Designation : |
Director |
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|
Address : |
46, Second Floor, Jor Bagh, New Delhi – 110003, India |
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Date of Birth/Age : |
14.09.1971 |
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|
Qualification : |
Graduate from primceton university's class of 1994, with B.A in economics |
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|
Date of Appointment : |
23.03.2011 |
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DIN No.: |
02601179 |
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Other Directorship:
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Shivashish Chatterjee |
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|
Designation : |
Director |
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Address : |
One 5th Ave 14D New York 10003 United States |
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Date of Birth/Age : |
11.02.1973 |
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Qualification : |
Graduate from Harvard University in 1995 with a B.A Magna cum Laude in applied Mathematics |
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|
Date of Appointment : |
23.03.2011 |
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DIN No.: |
02623460 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Tammir Amr |
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Designation : |
Additional Director |
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Address : |
Untere Zeune 1/4, 8001 Zurich Na Ch |
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Date of Appointment : |
18.12.2017 |
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DIN No.: |
07030832 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Shilpi Varshney |
|
Designation : |
Company Secretary |
|
Address : |
Medi Point, Phaphala Street, Railway Road, Koil Aligarh – 202001, Uttar Pradesh, India |
|
Date of Birth/Age : |
23.01.1987 |
|
Date of Appointment : |
26.12.2017 |
|
Aadhaar Card No.: |
3042 9461 0808 |
|
PAN No.: |
ADXPV1962A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders (Equity) |
|
No. of Shares |
|
Jayanti Chatterjee |
|
1 |
|
Yuvraj Chanakya Singh |
|
1 |
|
DMI Finance Private Limited, India
|
|
13517230 |
|
DMI Limited, Mauritius |
|
4488514 |
|
|
|
|
|
Total |
|
18005746 |
|
Names of Shareholders (Preference) |
|
No. of Shares |
|
DMI Finance Private Limited , India
|
|
49357554 |
|
|
|
|
|
Total |
|
49357554 |
Equity Share Break up (Percentage of Total Equity)
As on 2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
75.07 |
|
Public - Bodies corporate |
24.93 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is mainly engaged in the business of Providing Housing Loans. (Registered activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
|
||||||||
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Selling : |
RTGS, NEFT |
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|
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Purchasing : |
RTGS, NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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|
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Customers : |
Direct Customers
|
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No. of Employees : |
250 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||||
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|
|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
Sector-42, Sector Road, Gurugram, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACHFS9118A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company |
U65929DL2008PTC182749 |
|
|
|
|
Ultimate holding
company : |
|
|
|
|
|
Fellow Subsidiary
Company |
U67120DL2013PTC252176
U74140DL2012PTC246830 |
|
|
|
|
Enterprises which
are owned, or have significant Influence of or are
partners with key management Personnel and their relatives : |
U74899DL2000PTC108219 |
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 1150.000 Million
Issued, Subscribed & Paid-up Capital : INR 1021.171
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
50000000 |
Preference Shares |
INR 10/- each |
INR 500.000 Million |
|
|
Total |
|
INR 750.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18005746 |
Equity Shares |
INR 10/- each |
INR 180.057
Million |
|
49357554 |
Preference Shares |
INR 10/- each |
INR 493.576
Million |
|
|
Total |
|
INR 673.663
Million |
FINANCIAL DATA
[all figures are
in Rupees 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 |
673.633 |
152.509 |
102.600 |
|
(b) Reserves and Surplus |
42.748 |
16.835 |
11.658 |
|
(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) |
716.381 |
169.344 |
114.258 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.460 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.654 |
1.013 |
0.518 |
|
Total Non-current
Liabilities (3) |
22.114 |
1.013 |
0.518 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
129.443 |
0.000 |
|
(b) Trade
payables |
10.200 |
1.401 |
0.000 |
|
(c) Other
current liabilities |
66.776 |
0.306 |
1.380 |
|
(d) Short-term
provisions |
0.452 |
0.023 |
0.219 |
|
Total Current
Liabilities (4) |
77.428 |
131.173 |
1.599 |
|
|
|
|
|
|
TOTAL |
815.923 |
301.530 |
116.375 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.170 |
0.459 |
0.600 |
|
(ii)
Intangible Assets |
1.185 |
3.608 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
60.003 |
18.476 |
0.000 |
|
(c) Deferred tax assets (net) |
1.171 |
0.302 |
0.175 |
|
(d) Long-term loans and advances |
548.041 |
157.288 |
102.791 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
618.570 |
180.133 |
103.566 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
10.125 |
0.024 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
94.080 |
112.620 |
9.548 |
|
(e)
Short-term loans and advances |
85.736 |
6.051 |
2.467 |
|
(f) Other
current assets |
7.412 |
2.702 |
0.794 |
|
Total
Current Assets |
197.353 |
121.397 |
12.809 |
|
|
|
|
|
|
TOTAL |
815.923 |
301.530 |
116.375 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
60.603 |
23.982 |
8.409 |
|
|
Other Income |
0.772 |
0.032 |
5.609 |
|
|
TOTAL |
61.375 |
24.014 |
14.018 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
41.528 |
5.877 |
3.547 |
|
|
Other expenses |
21.608 |
12.260 |
5.610 |
|
|
TOTAL |
63.136 |
18.137 |
9.157 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(1.761) |
5.877 |
4.861 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.432 |
4.898 |
0.047 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(8.193) |
0.979 |
4.814 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.640 |
0.962 |
0.241 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(9.833) |
0.017 |
4.573 |
|
|
|
|
|
|
|
Less |
TAX |
(0.869) |
(0.069) |
1.426 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(8.964) |
0.086 |
3.147 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.132) |
0.006 |
0.206 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
1.540 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(401.827) |
(58.422) |
(75.971) |
|
Net cash flows from (used in) operating activities |
(401.729) |
(59.754) |
(77.512) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
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] |
|
(0.19) |
1.45 |
8.10 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.12 |
0.44 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.03 |
0.76 |
0.00 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.11 |
0.77 |
0.01 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.01 |
0.02 |
0.01 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
(0.27) |
1.20 |
103.43 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(14.79) |
0.36 |
37.42 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(1.10) |
0.03 |
2.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
(1.25) |
0.05 |
2.75 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.55 |
0.93 |
8.01 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories) /
Current Liabilities] |
|
2.55 |
0.93 |
8.01 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.88 |
0.56 |
0.98 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
0.03 |
0.85 |
0.00 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.55 |
0.93 |
8.01 |
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 |
102.600 |
152.509 |
673.633 |
|
Reserves & Surplus |
11.658 |
16.835 |
42.748 |
|
Net
worth |
114.258 |
169.344 |
716.381 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
18.460 |
|
Short term borrowings |
0.000 |
129.443 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
1.540 |
|
Total
borrowings |
0.000 |
129.443 |
20.000 |
|
Debt/Equity
ratio |
0.000 |
0.764 |
0.028 |
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 |
8.409 |
23.982 |
60.603 |
|
|
|
185.194 |
152.702 |
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 |
8.409 |
23.982 |
60.603 |
|
Profit/ (Loss) |
3.147 |
0.086 |
(8.964) |
|
|
37.42
% |
0.36
% |
(14.79
%) |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The company is a Company domiciled in India as a private limited company. The Company is registered with the National Housing Bank (‘NHB’) as a housing finance company.
The Company is mainly engaged in the business of providing housing loans.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G49528763 |
100113320 |
DCB BANK LIMITED |
30/06/2017 |
- |
- |
100000000.0 |
601 & 602, Peninsula Business Park, 6th floor,Tower A, Senapati Bapat Marg, Lower Parel,MumbaiMa400013IN |
|
2 |
G46327631 |
100103964 |
THE SOUTH INDIAN BANK LIMITED |
30/03/2017 |
- |
- |
100000000.0 |
18, PUSA ROADOPPOSITE METRO PILLAR NO. 94, KAROL BAGHNEW DELHIDL110005IN |
|
3 |
G42314005 |
100018147 |
STATE BANK OF INDIA |
31/03/2016 |
31/03/2017 |
- |
450000000.0 |
B-4/7, PRINCE ROAD,MODEL TOWN-1,DELHIDL110009IN |
FIXED ASSETS
- Furniture and fixtures
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.23 |
|
|
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHRY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.