|
|
|
MIRA INFORM REPORT
|
Report No. : |
505888 |
|
Report Date : |
26.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHRIRAM PROPERTIES PRIVATE LIMITED (w.e.f. 19.12.2011) |
|
|
|
|
Formerly Known
As : |
SHRIRAM PROPERTIES LIMITED (w.e.f. 11.11.2009) SHRIRAM PROPERTIES PRIVATE LIMITED (w.e.f. 14.02.2008) SHRIRAM PROPERTIES LIMITED |
|
|
|
|
Registered
Office : |
Lakshmi Neela Rite Choice Chamber, New No.9 - Bazullah Road, T. Nagar,
Chennai – 600017, Tamilnadu |
|
Tel. No.: |
91-44-40014410 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
Com. Reg. No.: |
18-044560 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 1484.114 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200TN2000PTC044560 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS5801D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of development of real estate projects. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 |
|
Maximum Credit Limit : |
USD 28000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2000. It is engaged in the business of development of real estate projects. 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. For the financial year ended 2016, the company has achieved a decent growth of 42.56% in its revenue as compared to the previous year but has incurred operational losses. Rating takes into consideration the strong financial position of the
company marked by sound networth base along with low debt balance sheet
profile. 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 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 Loans= BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
03.11.2017 |
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
31-03-2016.
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 26.04.2018
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
Management Non-Cooperative (91-44-40014410)
LOCATIONS
|
Registered Office : |
Lakshmi Neela Rite Choice Chamber, New No.9 - Bazullah Road, T. Nagar,
Chennai – 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-40014410 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
No 40/43, 8th Main, 4th
Cross, RMV Extension, Sadashiv Nagar, Bangalore – 560080, Karnataka, India |
|
Tel. No.: |
91-80-40229999 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Murali Malayappan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.E1- 405/406, 4th Floor, 15th Cross, 2nd
Block, R T Nagar, Bangalore – 560032, Karnataka, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
31.07.1967 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00030096 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Voter Id Card
No.: |
BTF0750885 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AELPM6604H |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Srinivasan Natarajan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
New No.7 (Old No.4), Crescant Avenue, K P
Puram, Chennai – 600028, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1947 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2003 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00155988 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Bhatia Puneet |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House Number-525 A, Magnolias Apartment,
DLF Golf Course, DLF Phase-V, Gurugram, Galleria DLF-IV, Gurugram – 122009, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.12.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AADPN2679M |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00143973 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gaurav Trehan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 101 A, 10th Floor, Embassy
Apartments 46, Napean Sea Road, Mumbai – 400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.11.1975 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.04.2011 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03467781 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEWPT1544A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Padmanabh Sinha |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1206, The Imperial, North Tower, M P Mills
Compound, Tardeo, Mumbai – 400034, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.02.1971 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00101379 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramachandran Sridhar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Flat No. 1801, 18th Floor Brindavan
Terraces, Deonar Farm Road, Deonar, Mumbai – 400088, Maharashtra,
India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
17.06.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00136697 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Raphael Rene Dawson |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
320 W Oakdale Chicago 60657, United States
of America |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.12.1958 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02108012 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kalyan Nagururu |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Polaris - 1702, Meenakshi Skylounge, Khanamet
Hitex Charminar, Hyderabad – 500084, Telangana, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02652051 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Gautham Radhakrishnan |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
84, Chitrakoot, Altamount Road, Mumbai –
400026, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.01.1972 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2014 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06463453 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vinit Vinayak Prabhugaonkar |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Alternate Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-202, RNA Regency Park Society, M G Road, Maharashtra Nagar,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
18.08.2017 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02196964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Jagadisha Sridhar Rao |
|
Designation : |
Company Secretary |
|
Address : |
No. 48, 2nd Cross, CKA Layout, BSK 3rd
Phase, Bangalore – 560085, Karnataka, India |
|
Date of Birth/Age : |
30.04.1959 |
|
Date of Appointment : |
25.04.2012 |
|
PAN No.: |
AEMPR3380J |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ravi Talwar |
|
1200 |
|
S. Natarajan |
|
1200 |
|
M. Murali |
|
6 |
|
R. Preeta |
|
120000 |
|
WSI/WSQI V (XXXII) Mauritius Investors Limited |
|
35572739 |
|
S. Vinoth |
|
60000 |
|
K. Venkatesh (Shriram Business Finance) |
|
6 |
|
Esaki Balakrishnan (Shriram Business Finance) |
|
6 |
|
K. S. Ramamurthy (Shriram Financial Service) |
|
6 |
|
N. Venkateshwaran (Shriram Hire Purchase Investment) |
|
6 |
|
S. Ravikumar (Shriram Financial Service) |
|
6 |
|
Shriram Properties Holdings Private Limited |
|
47217564 |
|
TPG Asia SF V Pte. Ltd. |
|
24570434 |
|
Brand Equity Treaties Limited (Times Group) |
|
301093 |
|
Brijkishor Trading Private Limited |
|
8579500 |
|
Shriram Group Executives Welfare Trust |
|
240500 |
|
Rameshkumar V |
|
221000 |
|
Lakshminarayana Ganesh Ramanathan |
|
221000 |
|
Srinivasan M |
|
41000 |
|
P. Manikandan |
|
341000 |
|
Arjan Mangharam Jethwani |
|
76000 |
|
S.S. Asokan |
|
1506715 |
|
Omega TC Sabre Holdings Pte Limited |
|
24236898 |
|
Tata Capital Financial Services Limited |
|
2223569 |
|
Umesh G Revankar |
|
150000 |
|
Akhila Srinivasan |
|
150000 |
|
R Sridhar |
|
150000 |
|
Duruvasan Ramachandra |
|
150000 |
|
Akhilesh Kumar Singh |
|
150000 |
|
Jasmit Singh Gujral |
|
150000 |
|
Ravi D V |
|
150000 |
|
G S Sundararajan |
|
150000 |
|
S Subhasri |
|
60000 |
|
Murali S |
|
60000 |
|
Mohd Iqbal Abbasi |
|
60000 |
|
Subramanian Sunder |
|
60000 |
|
Hardeep Singh Tur |
|
60000 |
|
Sudharshan Holla |
|
60000 |
|
Srinivas Kollapudi |
|
60000 |
|
Ramachandra Sekhar Karanam |
|
60000 |
|
Nilesh Savadasbhai Odedara |
|
60000 |
|
Ramasubramanian Chandrasekar |
|
60000 |
|
Neeraj Prakash |
|
60000 |
|
B Anbuselvam |
|
60000 |
|
Muruganandapandian |
|
60000 |
|
Parag Sharma |
|
60000 |
|
Anil Kumar Aggarwal |
|
60000 |
|
Y S Chakravarti |
|
60000 |
|
Vinay Narayan Kelkar |
|
60000 |
|
U Balasundararao |
|
60000 |
|
Arun Chandra Sinha |
|
60000 |
|
R Chaturvedi |
|
60000 |
|
Gouse Mohiddin Jilani |
|
60000 |
|
Manoj Kumar Jain |
|
60000 |
|
Sadha Venkata Subbaiah |
|
60000 |
|
Ronald D Souza |
|
60000 |
|
P Sridharan |
|
60000 |
|
N S Nanda Kishore |
|
60000 |
|
Ramachandran Vasudevan |
|
60000 |
|
Mani N |
|
60000 |
|
|
|
|
|
Total |
|
148411448 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Bodies
corporate] |
31.82 |
|
Public/Other than promoters [Individual/Hindu
Undivided Family (Indian)] |
3.68 |
|
Public/Other than promoters [Body corporate] |
64.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of development of real estate projects. [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 : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
Vijaya Bank, 182, Ankur Manor, Poonammalee
High Road, Chennai – 600010, Tamilnadu, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors 1 : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Maruthi
Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore - 560071,
Karnataka, India |
|
PAN No.: |
AAIFB7355D |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Abarna and
Ananthan Chartered Accountants |
|
Address : |
643, Sriniketan,
I Main, II Phase, VII, Block, Banashankari III Stage, Bangalore – 560085,
Karnataka, India |
|
PAN No.: |
AABFA6041N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture : |
· Shriram Properties and Infrastructure Private Limited ·
Shrivision Towers Private Limited |
|
|
|
|
Subsidiary
Companies : |
· SPL Realtors Private Limited · Shrivision Homes Private Limited · Shriprop Constructors Private Limited · Shriprop Housing Private Limited · Shrivision Towers Private Limited · Shriprop Structures Private Limited · Shriprop Projects Private Limited · Shrivision Builders Private Limited · SPL Realtors Private Limited · Bengal Shriram Hitech City Private Limited · Shriprop Homes Private Limited · Shriprop Builders Private Limited · Global Entropolis (Vizag) Private Limited · SPL Constructors Private Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Shriram Properties and Constructions (Chennai) Limited · Shriram Properties (Coimbatore) Private Limited · Shriprop Realities Private Limited · SPL Developers Private Limited · SPL Floor Mall Private Limited · SPL Properties Private Limited · SPL Propcare Private Limited · Shriprop Dwellers Private Limited · SPL Properties (BNE) Private Limited · Shriram Propcare · Shriprop Realities Private Limited ·
Twenty-First Century Infrastructure Private
Limited |
|
|
|
|
Parties having significant influence : |
· Shriram Properties Holdings Private Limited · WSI/WSQI V(XXXII) Mauritius Investors Limited · Shriram Ventures Limited (upto June 2014) · TPG Asia SF V Pte. Ltd. · Omega TC Sabre Holdings Pte Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
170000000 |
Equity Shares |
INR 10/- each |
INR 1700.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
148411448 |
Equity Shares |
INR 10/- each |
INR 1484.114 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 |
1484.114 |
1484.114 |
1469.047 |
|
(b) Reserves & Surplus |
8422.528 |
8568.514 |
8987.455 |
|
(c) Money
received against share warrants |
0.037 |
0.037 |
0.037 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9906.679 |
10052.665 |
10456.539 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
55.133 |
40.220 |
0.000 |
|
(d) Long-term
provisions |
27.280 |
17.035 |
7.992 |
|
Total Non-current
Liabilities (3) |
82.413 |
57.255 |
7.992 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2454.785 |
2378.248 |
2256.738 |
|
(b) Trade
payables |
374.989 |
192.177 |
273.564 |
|
(c) Other
current liabilities |
3271.647 |
2998.031 |
1679.839 |
|
(d) Short-term
provisions |
13.780 |
6.739 |
5.941 |
|
Total Current
Liabilities (4) |
6115.201 |
5575.195 |
4216.082 |
|
|
|
|
|
|
TOTAL |
16104.293 |
15685.115 |
14680.613 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
21.520 |
28.501 |
35.524 |
|
(ii)
Intangible Assets |
6.456 |
6.274 |
6.534 |
|
(iii)
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 |
7890.126 |
8166.380 |
8247.230 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
2690.181 |
2502.916 |
2360.096 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
10608.283 |
10704.071 |
10649.384 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
12.098 |
0.000 |
|
(b)
Inventories |
2286.275 |
1809.403 |
1149.955 |
|
(c) Trade
receivables |
63.235 |
81.104 |
29.685 |
|
(d) Cash
and cash equivalents |
148.438 |
433.570 |
697.425 |
|
(e)
Short-term loans and advances |
2954.730 |
2629.232 |
2067.401 |
|
(f) Other
current assets |
43.332 |
15.637 |
86.763 |
|
Total
Current Assets |
5496.010 |
4981.044 |
4031.229 |
|
|
|
|
|
|
TOTAL |
16104.293 |
15685.115 |
14680.613 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2294.712 |
1609.636 |
991.605 |
|
|
Other Income |
454.226 |
411.480 |
241.212 |
|
|
TOTAL |
2748.938 |
2021.116 |
1232.817 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1948.164 |
1368.902 |
772.205 |
|
|
Employee benefit expense |
245.468 |
396.626 |
170.100 |
|
|
Other expenses |
538.399 |
653.448 |
207.161 |
|
|
TOTAL |
2732.031 |
2418.976 |
1149.466 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
16.907 |
(397.860) |
83.351 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
141.255 |
188.115 |
133.479 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(124.348) |
(585.975) |
(50.128) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
21.758 |
16.544 |
9.167 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(146.106) |
(602.519) |
(59.295) |
|
|
|
|
|
|
|
Less |
TAX |
(0.119) |
0.000 |
0.021 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(145.987) |
(602.519) |
(59.316) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(0.99) |
(4.07) |
(0.40) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(624.422) |
(348.641) |
(1704.336) |
|
Net cash flows from (used in) operating activities |
(641.755) |
(394.461) |
(1743.652) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
10.06 |
18.39 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
36.29 |
19.85 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
70.26 |
51.24 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.01 |
(0.22) |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.60 |
(11.44) |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.38 |
0.36 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.25 |
0.24 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.62 |
0.55 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.12 |
(2.11) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
(6.36) |
(37.43) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.91) |
(3.84) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(1.47) |
(5.99) |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.90 |
0.89 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.52 |
0.57 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.62 |
0.64 |
42.91 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.65 |
1.60 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.90 |
0.89 |
0.00 |
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 |
1469.047 |
1484.114 |
1484.114 |
|
Reserves & Surplus |
8987.455 |
8568.514 |
8422.528 |
|
Money received against share
warrants |
0.037 |
0.037 |
0.037 |
|
Net
worth |
10456.539 |
10052.665 |
9906.679 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
2256.738 |
2378.248 |
2454.785 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2256.738 |
2378.248 |
2454.785 |
|
Debt/Equity
ratio |
0.216 |
0.237 |
0.248 |
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 |
991.605 |
1609.636 |
2294.712 |
|
|
|
62.326 |
42.561 |
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 |
991.605 |
1609.636 |
2294.712 |
|
Profit/ (Loss) |
(59.316) |
(602.519) |
(145.987) |
|
|
(5.98
%) |
(37.43
%) |
(6.36
%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1486.569 |
1486.569 |
|
(b) Reserves and Surplus |
|
5533.812 |
7268.325 |
|
(c) Money
received against share warrants |
|
0.037 |
0.037 |
|
(d) Minority interest |
|
0.000 |
3.345 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7020.418 |
8754.931 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2372.424 |
2372.423 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
292.804 |
195.082 |
|
(d) long-term
provisions |
|
28.565 |
18.847 |
|
Total Non-current
Liabilities (3) |
|
2693.793 |
2586.352 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
7523.476 |
6168.549 |
|
(b) Trade
payables |
|
982.231 |
680.144 |
|
(c) Other
current liabilities |
|
8588.740 |
7043.858 |
|
(d) Short-term
provisions |
|
53.873 |
33.055 |
|
Total Current
Liabilities (4) |
|
17148.320 |
13925.606 |
|
|
|
|
|
|
TOTAL |
|
26862.531 |
25270.234 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2216.687 |
2375.225 |
|
(ii)
Intangible Assets |
|
112.420 |
114.077 |
|
(iii) Tangible assets capital
work-in-progress |
|
587.127 |
205.062 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
4.215 |
3.968 |
|
(d)
Long-term loans and advances |
|
1741.161 |
1696.925 |
|
(e) Other
Non-current assets |
|
2393.724 |
41.974 |
|
Total Non-Current
Assets |
|
7055.334 |
4437.231 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
1221.228 |
1192.007 |
|
(b)
Inventories |
|
13097.327 |
13224.539 |
|
(c) Trade
receivables |
|
1291.528 |
1159.907 |
|
(d) Cash and
bank balances |
|
1793.823 |
1079.452 |
|
(e)
Short-term loans and advances |
|
2367.493 |
4072.188 |
|
(f) Other
current assets |
|
35.798 |
104.910 |
|
Total Current
Assets |
|
19807.197 |
20833.003 |
|
|
|
|
|
|
TOTAL |
|
26862.531 |
25270.234 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
7939.335 |
3960.255 |
|
|
Other Income |
|
104.630 |
110.907 |
|
|
TOTAL |
|
8043.965 |
4071.162 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
4905.401 |
3157.974 |
|
|
Employee benefit expense |
|
316.573 |
415.809 |
|
|
Other expenses |
|
3640.929 |
848.865 |
|
|
Exceptional items before tax |
|
12.245 |
0.000 |
|
|
TOTAL |
|
8875.148 |
4422.648 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(831.183) |
(351.486) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
720.850 |
410.546 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(1552.033) |
(762.032) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
156.823 |
148.317 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(1708.856) |
(910.349) |
|
|
|
|
|
|
|
Less |
TAX |
|
25.657 |
49.788 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(1734.513) |
(960.137) |
|
|
|
|
|
|
|
Add |
PROFIT
(LOSS) OF MINORITY INTEREST |
|
0.000 |
0.096 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
(1734.513) |
(960.041) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(11.69) |
(6.48) |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 |
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 |
BACKGROUND
The Company, was incorporated as Shriram Properties Limited on 28 March 2000. The registered office of the Company is located at Chennai, Tamil Nadu, India. The Company is engaged in the business of development of real estate projects.
On 14 February 2008, the Company changed its status from a public limited company to a private limited company and changed its name from Shriram Properties Limited to Shriram Properties Private Limited.
On 11 November 2009, the Company changed its status from a private limited company to a public limited company and changed its name from Shriram Properties Private Limited to Shriram Properties Limited.
On 19 December 2011, the Company changed its status from a public limited company to a private limited company and changed its name from Shriram Properties Limited to Shriram Properties Private Limited.
REVIEW OF OPERATIONS:
The Loss for the Financial Year ended 31st March 2016 was INR 145.99 million compared to INR 602.25 million for the previous Financial Year on a standalone basis.
During the Financial Year ended 31st March 2016 the revenue from operations was INR 2294.71 million compared to the previous year revenue of INR 1609.64 million.
During the
year the Company had launched the following Projects:
Project Total Saleable area
Shriram Hebbal One – Bangalore 3,82,970 sq. ft.
Shriram Luxor -Bangalore 6,29,680 sq. ft.
Shriram Southern Crest - Bangalore 5,28,010 sq. ft.
Shriram Grandcity-Kolkatta 20,12,990 sq. ft.
Shriram
Grandcity:
Bengal Shriram Hi-Tech City, a subsidiary of the Company has launched “Shriram Grand City” residential project on a 386 acre of land at Kolkata. The project would offer world-class healthcare, education, entertainment and sports facilities within handshaking distance of the project.
FUTURE OUTLOOK
The Company has embarked on ambitious project to extend its offerings from being a mid-income segment to luxury segment with the launch of Southern Crest project in Bangalore. The project at Kolkata is expected to contribute significantly to the top line and profitability of the Company. The Company continues to look for newer geographies and towards this the Company has identified opportunity in Hyderabad for residential development.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
5.639 |
0.729 |
|
|
|
|
|
Total |
5.639 |
0.729 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G78004462 |
100157342 |
LIC HOUSING FINANCE LTD |
23/01/2018 |
- |
- |
500000000.0 |
BOMBAY LIFE BLDG., 2ND FLOOR,45/47, VEER NARIMAN ROAD,MUMBAI- 400 001.MA400001IN |
|
2 |
G74030032 |
100147588 |
IDBI TRUSTEESHIP SERVICES LIMITED |
17/11/2017 |
20/12/2017 |
- |
1750000000.0 |
ASIAN BLDG., GROUND FLOOR, 17R.KAMANI MARG, BALLARD ESTATEMUMBAIMH400001IN |
|
3 |
G72084031 |
100143106 |
VISTRA ITCL (INDIA) LIMITED |
03/10/2017 |
- |
- |
300000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN |
|
4 |
G39521588 |
100086351 |
DAIMLER FINANCIAL SERVICES INDIA PRIVATE LIMITED |
22/12/2016 |
- |
- |
4579000.0 |
UNIT 202, 2ND FLOOR, CAMPUS 3B,RMZ MILLENNIABUSINESS PARK, NO.143, DR. M.G.R.ROAD,PERUNGUDICHENNAITA600096IN |
|
5 |
G50239664 |
100115405 |
YES BANK LIMITED |
27/10/2016 |
- |
- |
1250000000.0 |
NEHRU CENTRE, 9TH FLOOR ,DISCOVERY OF INDIADR. ANNIE BESANT ROAD, WORLIMUMBAIMH400018IN |
|
6 |
C75645093 |
10612471 |
INDIA REALTY EXCELLENCE FUND II LLP |
28/09/2015 |
- |
- |
664900000.0 |
801-815, 8TH FLOOR,TOLSTOY HOUSE, TOLSTOY ROAD.NEW DELHIDL110001IN |
|
7 |
G77029593 |
100041416 |
VIJAYA BANK |
04/07/2016 |
- |
13/02/2018 |
100000000.0 |
182, ANKUR MANOR, POONAMMALEE HIGH ROADCHENNAICHENNAITN600010IN |
|
8 |
G68298199 |
10431645 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
14/05/2013 |
18/06/2013 |
17/11/2017 |
600000000.0 |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAIMH400703IN |
|
9 |
G68492081 |
10521955 |
UNIVERSAL TRUSTEESHIP SERVICES LIMITED |
20/09/2014 |
01/09/2016 |
17/11/2017 |
800000000.0 |
A-902 MARATHON FUTUREX, N. M. JOSHI MARGLOWER PAREL MUMBAI 400013.MUMBAIMA400013IN |
|
10 |
G63227979 |
100050311 |
ADITYA BIRLA FINANCE LIMITED |
29/08/2016 |
15/09/2016 |
16/11/2017 |
500000000.0 |
INDIAN RAYON COMPOUND,VERAVALGU362266IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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 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 66.36 |
|
|
1 |
INR 92.51 |
|
Euro |
1 |
INR 81.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
NKT |
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.