MIRA INFORM REPORT

3decades

MIRA INFORM REPORT

Report No. :	505918
Report Date :	27.04.2018

IDENTIFICATION DETAILS

Name :	ARYAN HOMETEC PRIVATE LIMITED

Registered Office :	Door No.87, 3^rd Main, Dollors Colony, J.P. nagar, 4^th Phase, Bangalore – 560078, Karnataka
Tel. No.:	Not Available

Country :	India

Financials (as on) :	31.03.2016

Date of Incorporation :	18.04.2007

Com. Reg. No.:	08-042530

Capital Investment / Paid-up Capital :	INR 0.100 Million

CIN No.: [Company Identification No.]	U70102KA2007PTC042530

IEC No.: [Import-Export Code No.]	Not Divulged

TIN No:	29830798108

GSTIN : [Goods & Service Tax Registration No.]	29AAGCA6331F1ZS

TAN No.: [Tax Deduction & Collection Account No.]	Not Available

PAN No.: [Permanent Account No.]	AAGCA6331F

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. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 47000

Status :	Satisfactory

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Aryan Hometec Private Limited is involved in real – estate development business. The company was incorporated in the year 2007 and it is based in Bangalore, Karnataka. It is an established company having satisfactory track record. Management of the company has not filed its financial with the government department for the year 2017 As per available financials of 2016, the company has witnessed a healthy growth in its revenue and has achieved fair profit margin at 3.38% (approx.) The company possesses sound financial profile marked by decent networth base along with low debt level of the company. However, the rating strength is partially offset by highly competitive real estate industry and non-availability of latest financial details. 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)

India

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 27.04.2018

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 (Tel No.: 91-9590220220)

LOCATIONS

Registered Office :	Door No.87, 3^rd Main, Dollors Colony, J.P. nagar, 4^th Phase, Bangalore – 560078, Karnataka, India
Tel. No.:	Not Available
Fax No.:	Not Available
E-Mail :	aryanhometechpvtltd@yahoo.com

Site Office:	609, 100ft. Ring Road, J.P. Nagar, 6-A Phase, Bangalore – 570008, Karnataka, India

Corporate Office:	No.319/3, First Floor, 80 Feet Road, Opposite Indoor Stadium, 8th Block, Koramangala, Bangalore-560095 ,Karnataka, India
E-Mail :	dayaa.net@rediffmail.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Bharath Sarakki Govindareddy

Designation :

Director

Address :

No.68, 36th Main, 19th Cross, J.P. Nagar, 6th Phase, Bangalore – 560078, Karnataka, India

Date of Birth/Age :

16.04.1975

Date of Appointment :

18.04.2017

PAN No.:

AFGPB2065P

DIN No:

01940480

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70102KA2015PTC084430	RMP PROPERTIES PRIVATE LIMITED	30/11/2015	-
U70100KA2016PTC092551	SPH VIBHAVA PRIVATE LIMITED	26/04/2016	-
U70109KA2017PTC106372	MAGNITUDE FEET REALTY PRIVATE LIMITED	13/09/2017	-

Name :

Mrs. Rashmi Bharath Govindareddy

Designation :

Director

Address :

No.68, 36th Main, 19th Cross, J.P. Nagar, 6th Phase, Bangalore – 560078, Karnataka, India

Date of Birth/Age :

23.03.1980

Date of Appointment :

18.04.2017

PAN No.:

AAPPR3512D

DIN No:

02318928

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U70102KA2015PTC084430	RMP PROPERTIES PRIVATE LIMITED	30/11/2015	-
U70100KA2016PTC092551	SPH VIBHAVA PRIVATE LIMITED	26/04/2016	-
U70109KA2017PTC106372	MAGNITUDE FEET REALTY PRIVATE LIMITED	19/02/2018	-

MAJOR SHAREHOLDERS

As on 31.03.2016

Names of Shareholders	No. of Shares	% of Holding
Bharath Sarakki Govindareddy	9000	90.00
Rashmi Bharath Govindareddy	1000	10.00
Total	10000	100.00

Equity Share Break up (Percentage of Total Equity)

As on: 30.09.2016

Category	Percentage
Promoters (Individual/Hindu Undivided Family – Indian)	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Construction Activity. (Registered Activity)

Products / Services :

Item Code No.	Products/Services Description
--	Construction of Buildings

Brand Names :

Not Available

Agencies Held :

Not Available

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS – (NOT AVAILABLE)

GENERAL INFORMATION

Suppliers :

Karnataka Tractor Spares
Shree Sangeeta Electricals and Industries
Mahadev Electricals
Maruthi Ceramics
Media One commutations
Mookambika Transport
MS Enterprises
Pankaj Steel Tubes
Silver Ties Design Studios
Siporex India Private Limited
S B Alluminium
Structural Designers
Sun Soft
Sarovara Water Supply

Reference :	AVS Tech Solutions
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 :

Not Divulged

Bankers :

Banker Name :	Kotak Mahindra Bank Limited
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	31.03.2016 (INR in Million)	31.03.2015 (INR in Million)
Long-term Borrowings
Kotak Mahindra Loan	0.312	0.936
Short-term borrowings
Kotak Mahindra Loan	0.623	0.993
Total	0.935	1.929

Financial Institutions:	Anand Rathi Global Finance Limited, 4th Floor, Silver Metropolis, Jai Coach Compound, Opposite Bimbisar Nagar, Goregaon (East), Mumbai-400063, Maharashtra, India Dewan Housing Finance Corporation Limited, Warden House, 2nd Floor, Sir P M Road, Fort, Mumbai-400001, Maharashtra, India

Auditors :
Name :	B.S.K. Reddy and Company Chartered Accountants
Address :	No.3/85, 5th Street, Raghavanagar, Madipakkam, Chennai – 600091, Tamilnadu, India
Mobile No.:	91-8807760819
E-Mail :	bskreddyandco@gmail.com
Income-tax PAN of auditor or auditor's firm :	APAPB4561J

Memberships :	Not Available

Collaborators :	Not Available

Associates/Subsidiaries :	--

CAPITAL STRUCTURE

As on: 31.03.2016

Authorised Capital :

No. of Shares	Type	Value	Amount

50000	Equity Shares	INR 10/- each	INR 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	INR 10/- each	INR 0.100 Million

FINANCIAL DATA

[all figures are INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2016	31.03.2015	31.03.2014
I. EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.100	0.100	0.100
(b) Reserves & Surplus	16.342	12.063	10.661
(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)	16.442	12.163	10.761

(3) Non-Current Liabilities
(a) long-term borrowings	0.312	0.936	24.299
(b) Deferred tax liabilities (Net)	0.119	(0.026)	0.006
(c) Other long term liabilities	46.037	42.692	18.882
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	46.468	43.602	43.187

(4) Current Liabilities
(a) Short term borrowings	0.623	0.993	3.300
(b) Trade payables	428.462	372.797	254.204
(c) Other current liabilities	16.215	9.757	6.179
(d) Short-term provisions	5.169	3.348	2.861
Total Current Liabilities (4)	450.469	386.895	266.544

TOTAL	513.379	442.660	320.492

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	4.164	4.435	1.116
(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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.479	0.478	0.478
Total Non-Current Assets	4.643	4.913	1.594

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	368.432	291.681	188.064
(c) Trade receivables	0.000	4.137	4.137
(d) Cash and cash equivalents	6.381	1.648	3.224
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	133.923	140.281	123.473
Total Current Assets	508.736	437.747	318.898

TOTAL	513.379	442.660	320.492

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2016	31.03.2015	31.03.2014
	SALES
	Income	126.508	50.224	84.127
	Other Income	0.052	0.049	0.597
	TOTAL	126.560	50.273	84.724

Less	EXPENSES
	Cost of Materials Consumed	179.942	147.254	212.477
	Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	(76.751)	(103.617)	(137.594)
	Employees benefits expense	10.143	1.731	1.798
	Other expenses	6.063	1.425	1.927
	TOTAL	119.397	46.793	78.608

	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	7.163	3.480	6.116

Less	FINANCIAL EXPENSES	0.624	0.425	0.244

	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	6.539	3.055	5.872

Less	DEPRECIATION/ AMORTISATION	0.295	0.651	0.187

	PROFIT/ (LOSS) BEFORE TAX	6.244	2.404	5.685

Less	TAX	1.965	1.002	2.884

	PROFIT/ (LOSS) AFTER TAX	4.279	1.402	2.801

	Earnings / (Loss) Per Share (INR)	428.00	140.00	280.00

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2016	31.03.2015	31.03.2014
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flows from (used in) operations	NA	NA	NA
Net cash flows from (used in) operating activity	NA	NA	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Average Collection Days (Sundry Debtors / Income * 365 Days)	0.00	30.07	17.95

Account Receivables Turnover (Income / Sundry Debtors)	0.00	12.14	20.34

Average Payment Days (Sundry Creditors / Purchases * 365 Days)	869.11	924.06	436.68

Inventory Turnover (Operating Income / Inventories)	0.02	0.01	0.03

Asset Turnover (Operating Income / Net Fixed Assets)	1.72	0.78	5.48

LEVERAGE RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.88	0.88	0.91

Debt Equity Ratio (Total Liability / Networth)	0.06	0.16	2.56

Current Liabilities to Networth (Current Liabilities / Net Worth)	27.40	31.81	24.77

Fixed Assets to Networth (Net Fixed Assets / Networth)	0.25	0.36	0.10

Interest Coverage Ratio (PBIT / Financial Charges)	11.48	8.19	25.07

PROFITABILITY RATIOS

PARTICULARS		31.03.2016	31.03.2015	31.03.2014
Net Profit Margin ((PAT / Sales) * 100)	%	3.38	2.79	3.33

Return on Total Assets ((PAT / Total Assets) * 100)	%	0.83	0.32	0.87

Return on Investment (ROI) ((PAT / Networth) * 100)	%	26.02	11.53	26.03

SOLVENCY RATIOS

PARTICULARS	31.03.2016	31.03.2015	31.03.2014
Current Ratio (Current Assets / Current Liabilities)	1.13	1.13	1.20

Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	0.31	0.38	0.49

G-Score Ratio Financial (Networth / Total Assets)	0.03	0.03	0.03

G-Score Ratio Debt (Debts / Equity Capital)	9.35	19.29	275.99

G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	1.13	1.13	1.20

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	0.100	0.100	0.100
Reserves & Surplus	10.661	12.063	16.342
Net worth	10.761	12.163	16.442

long-term borrowings	24.299	0.936	0.312
Short term borrowings	3.300	0.993	0.623
Total borrowings	27.599	1.929	0.935
Debt/Equity ratio	2.565	0.159	0.057

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	84.127	50.224	126.508
		(40.300)	151.888

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	84.127	50.224	126.508
Profit	2.801	1.402	4.279
	3.33%	2.79%	3.38%

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	Yes
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 two/ 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	Yes
35	Negative Reporting by Auditors in the Annual Report	No

STATE OF COMPANY'S AFFAIRS AND FUTURE OUTLOOK

The company has made Profit after tax amounting to INR 4.279 million and your director have confidence in the future business 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	G47609268	100107470	ANAND RATHI GLOBAL FINANCE LIMITED	31/05/2017	-	-	120000000.0	4TH FLOOR, SILVER METROPOLIS, JAI COACH COMPOUNDOPPOSITE BIMBISAR NAGAR, GOREGAON (EAST)MUMBAIMa400063IN
2	G40219032	100088033	ANAND RATHI GLOBAL FINANCE LIMITED	08/02/2017	-	-	160000000.0	4TH FLOOR, SILVER METROPOLIS, JAI COACH COMPOUNDOPPOSITE BIMBISAR NAGAR, GOREGAON (EAST)MUMBAIMa400063IN
3	G11945508	100050103	DEWAN HOUSING FINANCE CORPORATION LIMITED	26/04/2016	-	-	500000000.0	WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMa400001IN

FIXED ASSETS

Furniture and Fixture
Computer
Electrical Fittings
Office equipments
Pumpset
Sand Seiver
Generator Set
Water Drum
Jaguar Car
Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

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

1] INFORMATION ON DESIGNATED PARTY

No 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 66.83
UK Pound	1	INR 93.17
Euro	1	INR 81.38

INFORMATION DETAILS

Information Gathered by :	KMN

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)

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.