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3decades

 

 MIRA INFORM REPORT

 

 

Report No. :

505931

Report Date :

26.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

SKYLARK MANSIONS PRIVATE LIMITED

 

 

Registered Office :

No 37/21, Skylark Chambers, Yellappachetty Layout, Ulsoor Road, Sivanchetti Gardens, Bangalore -560042, Karnataka

Tel. No.:

91-80-41133888

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

31.10.1994

 

 

Com. Reg. No.:

08-016487

 

 

Capital Investment / Paid-up Capital :

INR 102.680 Million

 

 

CIN No.:

[Company Identification No.]

U70101KA1994PTC016487

 

 

IEC No.:

[Import-Export Code No.]

0709028407

 

 

PAN No.:

[Permanent Account No.]

AACCS6548L

 

 

GSTN :

[Goods & Service Tax Registration No.]

29AACCS6548L1ZQ

 

 

TIN No.:

29410089463

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is engaged in the business of promoting and developing of residential and commercial properties. (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 :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Maximum Credit Limit :

USD 210000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 1994 and it is engaged in construction activity.

 

As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported losses.

 

Rating takes into consideration the company’s moderate financials risk profile marked by negative reserves along with high debt balance sheet and unfavorable gap between its trade payables to its trade receivables.

 

Rating is further constrained on account by its presence in highly competitive and huge working capital requirement construction industry.

 

Payments seems to be slow.

 

In view of aforesaid, the company can be considered for business dealings with some caution.

 

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

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

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 India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION DECLINED

 

Management non-cooperative (Tel No.:91-80-46554655/41133888)

 

LOCATIONS

 

Registered Office :

No 37/21, Skylark Chambers, Yellappachetty Layout, Ulsoor Road, Sivanchetti Gardens, Bangalore -560042, Karnataka, India 

Tel. No.:

91-80-41133888

Fax No.:

Not Available

E-Mail :

madhusudhan@skylarkmansions.com 

Website :

http://skylarkmansions.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Saleem Sheriff

Designation :

Director

Address :

2718, Al- Saqifah, Geethanjali Layout, Hal 3rd  Stage, Bangalore - 560075, Karnataka, India

Date of Birth/Age :

11.11.1958

Date of Appointment :

31.10.1994

PAN No.:

ABPPS0035H

DIN No.:

00483684

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45202KA2015PTC080389

ROYAUME BUILDERS AND PROMOTERS PRIVATE LIMITED

18/05/2015

-

U45203KA2012PTC064610

SKYLARK ARCADIA PRIVATE LIMITED

28/06/2012

-

U45203KA2014PTC074572

RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED

20/05/2014

-

U45205KA2013PTC067632

ITHACA ESTATES PRIVATE LIMITED

23/01/2013

-

U45205KA2015PTC080019

RIDA ESTATES PRIVATE LIMITED

29/04/2015

-

U45205KA2015PTC080084

ROYAUME DEVELOPERS PRIVATE LIMITED

01/05/2015

-

U45205KA2015PTC080109

RIDA DEVELOPERS PRIVATE LIMITED

05/05/2015

-

U45400KA2014PTC074588

ROYAUME ESTATES PRIVATE LIMITED

21/05/2014

-

U55101KA2012PTC064975

BYBLOS RESTAURANTS PRIVATE LIMITED

24/07/2012

-

 

 

Name :

Mr. Omar Sheriff

Designation :

Director

Address :

No 2718, Al Saqifah, 1st  Cross, Near New, Thippassandra P.O, Geethanjali Layout, Bangalore - 560075, Karnataka, India

Date of Birth/Age :

27.12.1985

Date of Appointment :

01.02.2007

PAN No.:

BDLPS7590A

DIN No.:

01268030

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45202KA2015PTC080389

ROYAUME BUILDERS AND PROMOTERS PRIVATE LIMITED

18/05/2015

-

U45203KA2012PTC064610

SKYLARK ARCADIA PRIVATE LIMITED

28/06/2012

-

U45203KA2014PTC074572

RIDA BUILDERS AND PROMOTERS PRIVATE LIMITED

20/05/2014

-

U45205KA2013PTC067632

ITHACA ESTATES PRIVATE LIMITED

23/01/2013

-

U45205KA2015PTC080019

RIDA ESTATES PRIVATE LIMITED

29/04/2015

-

U45205KA2015PTC080084

ROYAUME DEVELOPERS PRIVATE LIMITED

01/05/2015

-

U45205KA2015PTC080109

RIDA DEVELOPERS PRIVATE LIMITED

05/05/2015

-

U45400KA2014PTC074588

ROYAUME ESTATES PRIVATE LIMITED

21/05/2014

-

U74140KA2008PTC047405

SKYLARK PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED

11/08/2008

-

 

 

Name :

Mr. Shorab Sheriff

Designation :

Director

Address :

2718 Al-Saquifah, First Cross, Geethanjali Layout, New Thippasandra, Bangalore - 560075, Karnataka, India

Date of Appointment :

22.01.2015

DIN No.:

07053834

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45202KA2015PTC080389

ROYAUME BUILDERS AND PROMOTERS PRIVATE LIMITED

03/04/2017

-

U45205KA2013PTC067632

ITHACA ESTATES PRIVATE LIMITED

25/12/2014

-

U45205KA2015PTC080019

RIDA ESTATES PRIVATE LIMITED

03/04/2017

-

U45205KA2015PTC080084

ROYAUME DEVELOPERS PRIVATE LIMITED

03/04/2017

-

U45205KA2015PTC080109

RIDA DEVELOPERS PRIVATE LIMITED

03/04/2017

-

U74140KA2008PTC047405

SKYLARK PROPERTY MANAGEMENT SERVICES PRIVATE LIMITED

03/04/2017

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Madhu Sudhan Papakannu

Designation :

Secretary

Address :

No. 18, 18th  Cross, 20th B Main, Sms Layout, Kavery Road, JP Nagar 5th Phase, Bangalore - 560078, Karnataka, India

Date of Appointment :

01.09.2015

PAN No.:

BEVPS3761L

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Saleem Sheriff

582003

56.68

Omar Sheriff

248862

24.24

Nishat Saleem

113063

11.01

Syed Zeiba

38532

3.75

Shorab Sheriff

44340

4.32

Total

1026800

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 :

The company is engaged in the business of promoting and developing of residential and commercial properties. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99721210

Trade services of Residential Building

99859400

Comnined Office Administrative

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

 

Banker Name :

Not Divulged

Branch :

--

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

(Secured by a charge on Skylark Zenith Commercial, Skylark Arcadia

Phase I, Skylark Regal, Skylark Palazzo and a vacant land at Residency Road Bangalore)

500.000

500.000

Rupee term loans from others

(Secured by an exclusive charge on 'Skylark Chambers' and 1st Floor of 'Skylark Palazo Property' of the company)

26.019

31.993

Loans taken for fixed assets

2.392

1.321

Total

528.411

533.314

 

Auditors :

 

Name :

Sridhar and Brito

Chartered Accountants

Address :

No. 82, ST Bed, 3rd Floor, 4th Block, Koramangala, Bangalore -560034, Karnataka, India

Income-tax PAN of auditor or auditor's firm :

AACFS5726M

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :
  • Skylark Arcadia Private Limited 
  • Ithaca Estates Private Limited 
  • Rida Builders and Promoters Private Limited 
  • Royaume Estates Private Limited 
  • Royaume developers Private Limited 
  • Royaume Builders and Promoters Private Limited 
  • Rida Developers Private Limited 
  • Rida Estates Private Limited 

 

 

Associates:
  • Skylark Property Management Services Private Limited 
  • Byblos Restaurant Private Limited 

 

 

Partnership Firms in which Directors are Partners:
  • Skylark Builders
  • Skylark Developers
  • Skylark Greens

 

 

Partnership Firms in which company is a partner:
  • Skylark Village
  • Skylark Habitat

 

 

CAPITAL STRUCTURE

 

As on 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1900000

Equity Shares

INR 100/- each

INR 190.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1026800

Equity Shares

INR 100/- each

INR 102.680 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

102.680

102.680

102.680

(b) Reserves & Surplus

(27.552)

97.038

196.359

(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)

75.128

199.718

299.039

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

528.411

533.314

538.286

(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

9.476

5.835

5.003

Total Non-current Liabilities (3)

537.887

539.149

543.289

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

107.807

112.579

137.160

(c) Other current liabilities

1258.767

758.577

490.752

(d) Short-term provisions

2.849

1.673

31.999

Total Current Liabilities (4)

1369.423

872.829

659.911

 

 

 

 

TOTAL

1982.438

1611.696

1502.239

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

37.630

33.661

39.773

(ii) Intangible Assets

0.000

0.000

0.000

(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

340.620

330.055

162.837

(c) Deferred tax assets (net)

7.743

8.296

5.953

(d)  Long-term Loan and Advances

152.258

151.427

82.905

(e) Other Non-current assets

17.850

22.007

20.564

Total Non-Current Assets

556.101

545.446

312.032

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.011

0.011

(b) Inventories

834.409

822.250

915.042

(c) Trade receivables

84.697

77.324

120.461

(d) Cash and cash equivalents

8.811

5.169

49.224

(e) Short-term loans and advances

490.688

159.570

105.194

(f) Other current assets

7.732

1.926

0.275

Total Current Assets

1426.337

1066.250

1190.207

 

 

 

 

TOTAL

1982.438

1611.696

1502.239

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

73.332

384.271

605.189

 

Other Income

2.413

2.906

10.848

 

TOTAL

75.745

387.177

616.037

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

96.890

215.142

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(12.158)

92.792

442.857

 

Employees benefits expense

34.164

95.956

54.521

 

Other expenses

33.390

34.867

58.639

 

Prior Period Item

0.000

0.000

0.885

 

TOTAL

152.286

438.757

556.902

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

(76.541)

(51.580)

59.135

 

 

 

 

 

Less

FINANCIAL EXPENSES

45.934

43.289

14.516

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(122.475)

(94.869

44.619

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.562

6.849

11.369

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(124.037)

(101.718)

33.250

 

 

 

 

 

Less

TAX

0.553

(2.398)

10.704

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(124.590)

(99.320)

22.546

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

(121.34)

(96.73)

21.96

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

17.214

13.227

19.770

Cash generated from operations

87.763

211.832

662.824

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

87.762

211.887

648.230

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

421.57

73.45

72.65

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

0.87

4.97

5.02

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

406.13

191.00

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

(0.09)

(0.06)

0.06

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

(2.03)

(1.53)

1.49

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.97

0.88

0.81

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

7.26

2.74

1.87

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

18.23

4.37

2.21

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.50

0.17

0.13

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

(1.67)

(1.19)

4.07

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

(169.90)

(25.85)

3.73

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(6.28)

(6.16)

1.50

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

(165.84)

(49.73)

7.54

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.04

1.22

1.80

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.43

0.28

0.42

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.04

0.12

0.20

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

5.31

5.32

5.43

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.04

1.22

1.80

 

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

102.680

102.680

102.680

Reserves & Surplus

196.359

97.038

-27.552

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

299.039

199.718

75.128

 

 

 

 

long-term borrowings

538.286

533.314

528.411

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

19.770

13.227

17.214

Total borrowings

558.056

546.541

545.625

Debt/Equity ratio

1.866

2.737

7.263

 

 

 

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

605.189

384.271

73.332

 

 

(36.504)

(80.917)

 

 

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

605.189

384.271

73.332

Profit/(Loss)

22.546

(99.320)

(124.590)

 

3.73%

(25.85)%

(169.90)%

 

 

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

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 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

No

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

 

CORPORATE INFORMATION:

The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of promoting and developing of residential and commercial properties.

 

REVIEW OF BUSINESS OPERATIONS:

During the financial year 2016-17, the company recorded a turnover of INR 73.300 Million as against INR 384.200 Million in the previous year. The company recorded a loss of INR 124.600 Million as against a loss of INR 99.300  Million in the previous year. The Directors are exploring the possibilities of commencing new projects, and improve the profitability of the company.

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G83420794

100168161

VISTRA ITCL (INDIA) LIMITED

16/03/2018

-

-

2250000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EAST MUMBAI-400051 MAHARASHTRA INDIA

2

G74157926

100148294

UNIVERSAL TRUSTEESHIP SERVICES LIMITED

17/01/2018

-

-

500000000.0

D-214, KANAKIA ZILLION, L.B.S MARGKURLA BEST BUS DEPOT, BKC ANNEXE, KURLA (WEST)MUMBAI

, MAHARASHTRA INDIA

3

G60315173

100131550

VISTRA ITCL (INDIA) LIMITED

27/10/2017

-

-

400000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EAST MUMBAI-400051 MAHARASHTRA INDIA

4

G57604902

100128822

L&T HOUSING FINANCE LIMITED

21/08/2017

-

-

15000000.0

BRINDAVAN, PLOT NO. 177,C.S.T ROAD, KALINA, SANTACRUZ (EAST)MUMBAIMA 400098 MAHARASHTRA INDIA

5

G48699771

100110622

UNIVERSAL TRUSTEESHIP SERVICES LIMITED

18/07/2017

-

-

105000000.0

D-214, KANAKIA ZILLION, L.B.S MARGKURLA BEST BUS DEPOT, BKC ANNEXE, KURLA (WEST)MUMBAI MAHARASHTRA INDIA

6

G49455546

100113036

L&T HOUSING FINANCE LIMITED

28/06/2017

-

-

19800000.0

BRINDAVAN, PLOT NO. 177,C.S.T ROAD, KALINA, SANTACRUZ (EAST)MUMBAI-400098 MAHARASHTRA INDIA

7

G21849906

100059859

DAIMLER FINANCIAL SERVICES INDIA LIMITED

17/06/2016

-

-

3635000.0

UNIT NO.202,2ND FLOOR,CAMPUS 3B,RMZ MILLENIABUSINESS PARK,143,DR.MGR ROAD,PERUNGUDI CHENNAI-600096 TAMILNADU INDIA

8

C44420032

10545973

3i Infotech Trusteeship Services Limited

31/01/2015

24/02/2015

-

1500000000.0

3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK,TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHINAVI MUMBAI-400703 MAHARASHTRA INDIA

9

C63678064

10512229

IL & FS TRUST COMPANY LIMITED

23/06/2014

04/09/2015

-

9000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EAST MUMBAI-400051 MAHARASHTRA INDIA

10

B91064550

10464057

ICICI BANK LIMITED

08/11/2013

-

-

3422000.0

LANDMARKRACE COURCE CIRCLE ALKAPURI VADODARA -390015 GUJARAT INDIA

 

FIXED ASSETS

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery

 

 

 

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

INR

US Dollar

1

INR 65.22

UK Pound

1

INR 92.77

Euro

1

INR 80.34

 

 

INFORMATION DETAILS

 

Information Gathered by :

AKY

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

RKI

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.