|
|
|
MIRA INFORM REPORT
|
Report No. : |
505897 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
DS-MAX PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No.1854, 30th B Cross, 17th Main, I Stage, 5th Block, HBR
Layout |
|
Tel. No.: |
91-80-33189990/ 25439990 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.01.2007 |
|
|
|
|
Com. Reg. No.: |
08-041508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 17.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102KA2007PTC041508 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AACCD6168M1Z3 |
|
|
|
|
TIN No: |
29810761356 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD6168M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
DS-Max Properties Private Limited (DSM) is involved in real estate
development, mainly in the For the financial year ended 2017, the company has witnessed a growth
in its revenue and has achieved decent profit margin at 10.86% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with comfortable debt level of the company. However, the rating strength is partially offset by highly competitive
real estate business. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. In view of the 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) |
|
|
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 |
18.01.2018 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Rating (A3) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
18.01.2018 |
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
31-03-2018.
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 26.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
91-9740611200 (Denied to provide any information)
91-9620304040/ 9036766086/ 7259009904/ 8880001001 (Not Exists)
LOCATIONS
|
Registered Office : |
Office No.1854, 30th B Cross, 17th Main, I Stage, 5th Block, HBR
Layout |
|
Tel. No.: |
91-80-33189990/ 25439990 |
|
Mobile No.: |
91-9880974400 |
|
Fax No.: |
91-80-25434455 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Satish Velankany Kilaparthy |
|
Designation : |
Managing Director |
|
Address : |
No.6, Live In Apartment Shankar Reddy Lane, Chelikere,
Bangalore-560043, |
|
Date of Birth/Age : |
19.06.1977 |
|
Qualification : |
MBA |
|
Date of Appointment : |
28.01.2007 |
|
PAN No.: |
AKVPS4426R |
|
DIN No: |
01927752 |
|
|
|
|
Name : |
Mrs. Asha Satish |
|
Designation : |
Director |
|
Address : |
No-06, 122/6, Flat 04, Livin Apartment, Shankar Reddy Lane,
Behind Kalyan Nagar Depot, Cheli Kere, Bangalore-560043, |
|
Date of Birth/Age : |
16.12.1980 |
|
Qualification : |
Masters in Interior Decorations |
|
Date of Appointment : |
28.01.2007 |
|
PAN No.: |
AHWPR3975J |
|
DIN No: |
01927761 |
|
|
|
|
Name : |
Patanashetti Dayanand Sangappa |
|
Designation : |
Director |
|
Address : |
Flat No. 401, DS Max Saffron No. 16, Coconut Garden, Doddabanaswadi, Bangalore-560043, Karnataka, India |
|
Date of Birth/Age : |
01.06.1980 |
|
Qualification : |
CS |
|
Date of Appointment : |
27.01.2008 |
|
PAN No.: |
ANEPP1993Q |
|
DIN No: |
02315522 |
KEY EXECUTIVES
|
Name : |
Kumar Sanjay and Company |
|
Designation : |
Company Secretaries |
|
Address : |
S‐5, 2ND Floor, Greater
Kailash‐I, New Delhi‐110048, |
|
Email: |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Dr. K.V. Satish |
1070932 |
67.14 |
|
Asha Satish |
262034 |
16.43 |
|
Dr. S.P. Dayanand |
262034 |
16.43 |
|
Total |
1595000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Construction Activity. (Registered Activity) |
||||||
|
|
|
||||||
|
Products / Services
: |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Y K Anand and Company Chartered Accountants |
|
Address : |
172/3, 1st Floor, |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFY9832E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 100/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1595000 |
Equity Shares |
INR 100/- each |
INR 159.500 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 |
159.500 |
119.500 |
119.500 |
|
(b) Reserves and Surplus |
743.400 |
510.537 |
365.766 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
13.885 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
902.900 |
643.922 |
485.266 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
873.476 |
1446.762 |
925.884 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
873.476 |
1446.762 |
925.884 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
77.139 |
71.700 |
100.002 |
|
(c) Other
current liabilities |
502.236 |
582.782 |
770.188 |
|
(d) Short-term
provisions |
78.243 |
95.473 |
99.991 |
|
Total Current
Liabilities (4) |
657.618 |
749.955 |
970.181 |
|
|
|
|
|
|
TOTAL |
2433.994 |
2840.639 |
2381.331 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
83.742 |
88.910 |
97.952 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
148.427 |
98.041 |
80.526 |
|
(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) |
1.434 |
2.473 |
4.757 |
|
(d)
Long-term loans and advances |
773.983 |
557.425 |
405.655 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1007.586 |
746.849 |
588.890 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.500 |
0.500 |
0.000 |
|
(b)
Inventories |
1199.233 |
1770.916 |
1502.101 |
|
(c) Trade
receivables |
13.659 |
14.852 |
14.911 |
|
(d) Cash and
bank balances |
58.295 |
129.682 |
151.487 |
|
(e)
Short-term loans and advances |
101.388 |
133.609 |
93.083 |
|
(f) Other
current assets |
53.333 |
44.231 |
30.859 |
|
Total
Current Assets |
1426.408 |
2093.790 |
1792.441 |
|
|
|
|
|
|
TOTAL |
2433.994 |
2840.639 |
2381.331 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2144.747 |
2122.264 |
2104.612 |
|
|
Other Income |
13.198 |
4.436 |
7.773 |
|
|
TOTAL |
2157.945 |
2126.700 |
2112.385 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1395.925 |
1240.554 |
1298.370 |
|
|
Employee benefit expense |
207.323 |
274.664 |
325.770 |
|
|
CSR expenditure |
3.878 |
2.869 |
3.269 |
|
|
Other expenses |
144.792 |
157.122 |
139.258 |
|
|
Prior period items |
(117.671) |
0.000 |
0.000 |
|
|
TOTAL |
1634.247 |
1675.209 |
1766.667 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
523.698 |
451.491 |
345.718 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
206.518 |
204.083 |
133.641 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
317.180 |
247.408 |
212.077 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
14.209 |
17.777 |
26.590 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
302.971 |
229.631 |
185.487 |
|
|
|
|
|
|
|
Less |
TAX |
70.108 |
84.860 |
64.294 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
232.863 |
144.771 |
121.193 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
145.97 |
121.15 |
101.42 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
802.768 |
(270.941) |
(108.989) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
733.699 |
(353.517) |
(182.322) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
2.32 |
2.55 |
2.59 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
157.02 |
142.89 |
141.14 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
20.17 |
21.10 |
28.11 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.44 |
0.25 |
0.23 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
2.26 |
2.42 |
1.94 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.63 |
0.77 |
0.80 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.97 |
2.25 |
1.91 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
0.73 |
1.16 |
2.00 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.26 |
0.29 |
0.37 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
2.54 |
2.21 |
2.59 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
10.86 |
6.82 |
5.76 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
9.57 |
5.10 |
5.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
25.79 |
22.48 |
24.97 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.17 |
2.79 |
1.85 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.35 |
0.43 |
0.30 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.37 |
0.23 |
0.20 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
5.48 |
12.11 |
7.75 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
2.17 |
2.79 |
1.85 |
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 |
119.500 |
119.500 |
159.500 |
|
Reserves & Surplus |
365.766 |
510.537 |
743.400 |
|
Net
worth |
485.266 |
643.922 |
902.900 |
|
|
|
|
|
|
Long-term borrowings |
925.884 |
1446.762 |
873.476 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
925.884 |
1446.762 |
873.476 |
|
Debt/Equity
ratio |
1.908 |
2.247 |
0.967 |
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 |
2104.612 |
2122.264 |
2144.747 |
|
|
|
0.839 |
1.059 |
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 |
2104.612 |
2122.264 |
2144.747 |
|
Profit/ (Loss) |
121.193 |
144.771 |
232.863 |
|
|
5.76
% |
6.82
% |
10.86
% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
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 two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
OPERATIONS
In Financial Year 2017, the Company reported revenues from operations approx. INR 2157.900 Million, in comparison to previous year INR 2126.700 Million. Net profit after tax, was approx. INR 232.863 Million, an increase of 61% from INR 144.771 Million in the previous year. The Company’s Balance Sheet as at 31st March, 2017 record a healthy position with a net worth approx. INR 902.900 million, an increase by 43.31% approx., in comparison to last year approx. INR 630.000 Million.
OUTLOOK
In light of their future vision of the Company’s businesses, the main objective is to expand their real estate value chain and to focus on the future real estate projects currently executed by the Company, enhance the Company’s capabilities and increase the financial efficiency in compliance with laws and regulations laid by various enactments. The Company is well placed to maximize from emerging socio-economic changes like; Demonetization, GST, and most recently RERA, 2016. The Company has done business through a number of evolutions in the Real Estate world over the years and is best positioned to encounter the strategic approaches to meet markets of the future.
BACKGROUND
Subject the Company was incorporated under Companies Act, 1956
on January 18, 2007 to carry on the business of promotion and development of
properties, group housing, construction of residential, commercial, office
buildings and apartments, forming and development of layouts, dealing in
properties, construction of bridges, roads, road-house, auto-courts,
holiday-camps, contractors, and to appropriate any part or/parts of the
property of the company for the purpose of promotion and development of
properties, construction of residential, commercial, office buildings and
apartments, forming and development of layouts, dealing in properties,
construction of bridges, roads, holiday-camp, apartment, bungalow, flat, lodge,
hermitage, villa, cottage, hut cabin, castle, kiosk, suites, chalets, saloon,
club-house, grill room, coffee house, canteen, café, bar, ale-house,
discotheque and other like places for the accommodation of visitors and guests.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G54331723 |
100124594 |
DHANLAXMI BANK LIMITED |
16/09/2017 |
- |
- |
115000000.0 |
Peenya Branch,PIA BhavanBANGALOREKA560058IN |
|
2 |
G53147146 |
100122644 |
TJSB Sahakari Bank Limited |
08/08/2017 |
- |
- |
150000000.0 |
JayanagarBangaloreKA560011IN |
|
3 |
G45099959 |
100100827 |
State Bank of |
09/05/2017 |
- |
- |
240000000.0 |
ELECTRONIC CITY, OFF HOSUR ROADBENGALURUKA560060IN |
|
4 |
G35043959 |
100075727 |
Andhra Bank |
20/12/2016 |
- |
- |
142500000.0 |
40/1, Ground Floor, SS Grand, 10TH MAIN ROAD,100 FEET ROAD, PILLA REDDY LAY OUT, DODDA BANASAWABengaluruKA560043IN |
|
5 |
G04321550 |
100028763 |
BANK OF |
07/05/2016 |
- |
- |
150000000.0 |
# 2C/7 3 4, Kalyan NagarH.R.B.R. LayoutBangaloreKA560043IN |
|
6 |
C82419250 |
10627660 |
Oriental Bank of Commerce |
31/12/2015 |
18/03/2016 |
- |
160000000.0 |
Frazer Town Branch,BangaloreKA560005IN |
|
7 |
C71184196 |
10585888 |
Bank of |
11/08/2015 |
19/11/2015 |
- |
10000000.0 |
No.2C, 734, HRBR Layout,Kalyan Nagar, BanaswadiBangaloreKA560043IN |
|
8 |
C71183503 |
10585887 |
Bank of |
11/08/2015 |
19/11/2015 |
- |
20000000.0 |
No.2C, 734, HRBR Layout,Kalyan Nagar, BanaswadiBanagloreKA560043IN |
|
9 |
C58578022 |
10579264 |
DHANLAXMI BANK LIMITED |
13/07/2015 |
- |
- |
70000000.0 |
No.11, 1st crossGandhinagar BranchBangaloreKA560032IN |
|
10 |
C49585615 |
10560398 |
BANK OF |
28/03/2015 |
- |
- |
340000000.0 |
# 2C/734, KALYAN NAGARH.R.B.R. LAYOUTBANGALOREKA560043IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- 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,
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 66.70 |
|
|
1 |
INR 93.14 |
|
Euro |
1 |
INR 81.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
RBY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
NO |
|
--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.