|
|
|
MIRA INFORM REPORT
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Report No. : |
505929 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
CENTURY REAL ESTATE HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 10/1, Lakshminarayana Complex, Ground Floor, Palace Road,
Bangalore – 560052, Karnataka |
|
Tel. No.: |
91-80-40453453 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
13.03.2007 |
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Com. Reg. No.: |
08-042078 |
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Capital
Investment / Paid-up Capital : |
INR 5378.646 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U70101KA2007PTC042078 |
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|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
29AADCC0651M1ZJ |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCC0651M |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
The
company is engaged in the business of real estate development. [Registered
Activity] |
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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 |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 17400000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2007 having
good track. The company is engaged in the business of real estate development. 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. As per available financial of 2016, the company has registered decrease in its revenue from operations as compared to previous year but maintained decent profit margin of 14.74%. Rating takes into consideration strong financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also derives strength from its long standing track records of business operations and favourable reputation of the real estate industry. However, rating strength is partially offset by declined in the revenue as well profitability during the year, project execution risk along with volatile and slowdown in the real estate industry. Trade relations are fair. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for normal
business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 (91-80-40453453 / 41131401)
LOCATIONS
|
Registered Office : |
No. 10/1, Lakshminarayana Complex, Ground Floor, Palace Road, Bangalore – 560052, Karnataka, India |
|
Tel. No.: |
91-80-40453453 / 41131401 |
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Fax No.: |
91-80-40453409 |
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E-Mail : |
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Website : |
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Head Office / Sales Office : |
No. 74, 4th Floor, Prestige Feroze, Cunningham Road, Bangalore – 560052, Karnataka, India |
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Corporate Office : |
No.3/1, 4th Floor, J P Techno Park, Millers Road, Bangalore – 560052, Karnataka, India |
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Marketing Office : |
Century Sales Galleria, Opposite Sahakaranagar Cross, Bellary Road, Bangalore – 560092, Karnataka, India |
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Tel. No.: |
91-80-44334400 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Ravindra Panemangalore Pai |
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Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Address : |
#25, Farm House, Bellary Road, Byatarayanapur, Bangalore - 560092,
Karnataka, India |
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Date of Birth/Age : |
10.05.1976 |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
01516428 |
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Other Directorship:
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Name : |
Mr. Dev Saten Patel |
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Designation : |
Whole-Time Director |
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Address : |
130, Railway Parallel Road, Kumara Park (West), Bangalore - 560020,
Karnataka, India |
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Date of Birth/Age : |
19.08.1971 |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
01361806 |
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Other Directorship:
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Name : |
Mr. Mahesh Attur Prabhu |
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Designation : |
Whole-Time Director |
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Address : |
A-42, Century Corbel, Sahakaranagar Main Road, Bangalore - 560092,
Karnataka, India |
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Date of Birth/Age : |
17.06.1977 |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
01516242 |
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Other Directorship:
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Name : |
Mr. Ashwin Panemangalore Pai |
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Designation : |
Whole-Time Director |
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Address : |
No. 9, 8th Main, Raj Mahal Vilas, Bangalore - 560080, Karnataka, India |
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Date of Birth/Age : |
22.05.1979 |
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Date of Appointment : |
01.07.2008 |
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DIN No.: |
01516414 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Udupi Vivekananda Nayak |
|
Designation : |
Company Secretary |
|
Address : |
A-001, Renaissance Park III, Subramanya Nagar,
Malleshwaram West, Bangalore – 560055, Karnataka, India |
|
Date of Appointment : |
01.02.2008 |
|
PAN No.: |
ACQPN8355F |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ravindra Panemangalore Pai |
|
100000000 |
|
Ashwin Panemangalore Pai |
|
100000000 |
|
Dev Saten Patel |
|
50000000 |
|
Drawbridge Century Holdings Limited, Mauritius |
|
74675325 |
|
|
|
|
|
Total |
|
324675325 |
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Names of Shareholders (15 % Participatory
Cumulative Fully Convertible Preference shares) |
|
No. of Shares |
|
Ravindra Panemangalore Pai |
|
8750000 |
|
Ashwin Panemangalore Pai |
|
8750000 |
|
|
|
|
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Total [A] |
|
17500000 |
|
|
|
|
|
Names of Shareholders (0.0001 % Non-
Participatory Cumulative Fully Convertible Preference shares) |
|
No. of Shares |
|
Drawbridge Century Holdings Limited, Mauritius |
|
159189228 |
|
Manipal Education and Medical Group India Private Limited, India |
|
36500000 |
|
|
|
|
|
Total [B] |
|
195689228 |
|
|
|
|
|
Total [A+B] |
|
213189228 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
77.00 |
|
Public/Other than promoters [Foreign
institutional investors] |
23.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of real estate development. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Haribhakti and Company LLP Chartered Accountants |
|
Address : |
Shree Shanmugapriya, 2nd Floor, No.454, Pannaiayan Street, Cross Cut Road, Gandhipuram, Coimbatore - 641012, Tamilnadu, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary companies
: |
|
CAPITAL STRUCTURE
AFTER 26.09.2017
Authorised Capital : INR
6300.000 Million
Issued, Subscribed & Paid-up Capital : INR 3890.000 Million
AS ON 26.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
330000000 |
Equity Shares |
INR 10/- each |
INR 3300.000 Million |
|
17500000 |
15 % Participatory Cumulative Convertible Preference Shares |
INR 10/- each |
INR 175.000 Million |
|
282500000 |
0.0001 % Non- Participatory Cumulative Fully Convertible
Preference shares |
INR 10/- each |
INR 2825.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 6300.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
324675325 |
Equity Shares |
INR 10/- each |
INR 3246.753 Million |
|
17500000 |
15 % Participatory Cumulative Convertible Preference Shares |
INR 10/- each |
INR 175.000 Million |
|
195689228 |
0.0001 % Non- Participatory Cumulative Fully Convertible
Preference shares |
INR 10/- each |
INR 1956.893 Million |
|
|
|
|
|
|
|
Total |
|
INR 5378.646
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 |
5378.646 |
5378.646 |
5714.334 |
|
(b) Reserves & Surplus |
694.148 |
531.451 |
137.794 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
245.262 |
|
Total
Shareholders’ Funds (1) + (2) |
6072.794 |
5910.097 |
6097.390 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
174.747 |
103.415 |
497.877 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
20.076 |
10.919 |
5.540 |
|
(d) Long-term
provisions |
13.731 |
10.431 |
7.397 |
|
Total Non-current
Liabilities (3) |
208.554 |
124.765 |
510.814 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1125.881 |
1246.563 |
836.188 |
|
(b) Trade
payables |
221.754 |
217.947 |
154.026 |
|
(c) Other
current liabilities |
4573.515 |
6857.827 |
7983.245 |
|
(d) Short-term
provisions |
21.953 |
1.669 |
3.738 |
|
Total Current
Liabilities (4) |
5943.103 |
8324.006 |
8977.197 |
|
|
|
|
|
|
TOTAL |
12224.451 |
14358.868 |
15585.401 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
15.802 |
14.748 |
4.976 |
|
(ii) Intangible
Assets |
0.167 |
0.223 |
0.585 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.584 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10853.815 |
13313.322 |
14444.703 |
|
(c) Deferred tax assets (net) |
3.225 |
29.051 |
33.403 |
|
(d)
Long-term Loan and Advances |
211.550 |
178.582 |
321.016 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.520 |
|
Total Non-Current
Assets |
11084.559 |
13535.926 |
14805.787 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.300 |
0.285 |
0.267 |
|
(b)
Inventories |
963.814 |
503.652 |
278.372 |
|
(c) Trade
receivables |
5.257 |
66.388 |
157.070 |
|
(d) Cash
and cash equivalents |
6.797 |
27.433 |
57.137 |
|
(e) Short-term
loans and advances |
163.714 |
225.167 |
284.382 |
|
(f) Other
current assets |
0.010 |
0.017 |
2.386 |
|
Total
Current Assets |
1139.892 |
822.942 |
779.614 |
|
|
|
|
|
|
TOTAL |
12224.451 |
14358.868 |
15585.401 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1103.877 |
1320.149 |
1489.813 |
|
|
Other Income |
40.832 |
37.314 |
6.099 |
|
|
TOTAL |
1144.709 |
1357.463 |
1495.912 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
41.571 |
34.945 |
223.142 |
|
|
Employee benefit expense |
82.449 |
61.024 |
50.872 |
|
|
Other expenses |
168.976 |
260.860 |
83.384 |
|
|
Exceptional items |
0.000 |
(195.243) |
0.000 |
|
|
TOTAL |
292.996 |
161.586 |
357.398 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
851.713 |
1195.877 |
1138.514 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
637.831 |
1131.878 |
1122.245 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
213.882 |
63.999 |
16.269 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.129 |
1.679 |
2.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
210.753 |
62.320 |
13.579 |
|
|
|
|
|
|
|
Less |
TAX |
48.057 |
(355.282) |
9.777 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
162.696 |
417.602 |
3.802 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.40 |
0.08 |
0.01 |
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 |
(162.563) |
1365.171 |
899.495 |
|
Net cash flows from (used in) operating activities |
(189.820) |
1360.641 |
897.112 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
1.74 |
18.36 |
38.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
209.98 |
19.89 |
9.49 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1947.04 |
2276.45 |
251.94 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.88 |
2.37 |
4.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
53.34 |
79.88 |
185.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.50 |
0.59 |
0.61 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.21 |
0.23 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.98 |
1.41 |
1.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.34 |
1.06 |
1.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
14.74 |
31.63 |
0.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.33 |
2.91 |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.68 |
7.07 |
0.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.19 |
0.10 |
0.09 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.03 |
0.04 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.50 |
0.41 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.24 |
0.25 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.19 |
0.10 |
0.09 |
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 |
5714.334 |
5378.646 |
5378.646 |
|
Reserves & Surplus |
137.794 |
531.451 |
694.148 |
|
Share Application money
pending allotment |
245.262 |
0.000 |
0.000 |
|
Net
worth |
6097.390 |
5910.097 |
6072.794 |
|
|
|
|
|
|
Long-term borrowings |
497.877 |
103.415 |
174.747 |
|
Short term borrowings |
836.188 |
1246.563 |
1125.881 |
|
Total
borrowings |
1334.065 |
1349.978 |
1300.628 |
|
Debt/Equity
ratio |
0.219 |
0.228 |
0.214 |
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 |
1489.813 |
1320.149 |
1103.877 |
|
|
|
(11.388) |
(16.382) |
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 |
1489.813 |
1320.149 |
1103.877 |
|
Profit/ (Loss) |
3.802 |
417.602 |
162.696 |
|
|
0.26
% |
31.63
% |
14.74
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5378.646 |
5378.646 |
|
(b) Reserves and Surplus |
|
(1538.449) |
(2793.494) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
(837.881) |
1291.525 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3840.197 |
2585.152 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6784.737 |
3642.472 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
56.780 |
168.179 |
|
(d) long-term
provisions |
|
13.730 |
10.431 |
|
Total Non-current
Liabilities (3) |
|
6855.247 |
3821.082 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
293.100 |
24.100 |
|
(b) Trade
payables |
|
335.225 |
268.867 |
|
(c) Other
current liabilities |
|
6706.742 |
9650.373 |
|
(d) Short-term
provisions |
|
31.582 |
24.911 |
|
Total Current
Liabilities (4) |
|
7366.649 |
9968.251 |
|
|
|
|
|
|
TOTAL |
|
17224.212 |
17666.010 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
435.988 |
249.094 |
|
(ii)
Intangible Assets |
|
565.705 |
566.865 |
|
(iii) Tangible assets capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
55.882 |
105.805 |
|
(c) Deferred tax assets (net) |
|
8.361 |
34.180 |
|
(d)
Long-term
loans and advances |
|
2440.290 |
5656.527 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
3506.226 |
6612.471 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.300 |
0.285 |
|
(b)
Inventories |
|
7813.314 |
8480.666 |
|
(c) Trade
receivables |
|
168.022 |
407.518 |
|
(d) Cash and bank
balances |
|
272.302 |
502.095 |
|
(e)
Short-term loans and advances |
|
5464.038 |
1662.958 |
|
(f) Other
current assets |
|
0.010 |
0.017 |
|
Total
Current Assets |
|
13717.986 |
11053.539 |
|
|
|
|
|
|
TOTAL |
|
17224.212 |
17666.010 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
2704.153 |
2345.005 |
|
|
Other Income |
|
967.341 |
117.627 |
|
|
TOTAL |
|
3671.494 |
2462.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
2843.997 |
1275.622 |
|
|
Employee benefit expense |
|
128.944 |
98.645 |
|
|
Other expenses |
|
984.208 |
314.993 |
|
|
Exceptional items |
|
0.000 |
(195.243) |
|
|
TOTAL |
|
3957.149 |
1494.017 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
(285.655) |
968.615 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1524.340 |
1378.893 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(1809.995) |
(410.278) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
24.278 |
13.804 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(1834.273) |
(424.082) |
|
|
|
|
|
|
|
Less |
TAX |
|
52.449 |
20.660 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(1886.722) |
(444.742) |
|
|
|
|
|
|
|
|
PROFIT (LOSS)
OF MINORITY INTEREST |
|
126.894 |
10.565 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
(1759.828) |
(434.177) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(3.50) |
(1.43) |
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 |
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 |
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 |
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 |
BACKGROUND
The Company was incorporated on 13 March 2007 and is primarily engaged in the business of real estate development.
INITIATIVES AND FUTURE OUTLOOK
The Real Estate sector has seen high and low tides during the last couple of years. The pace of growth is unlikely to witness significant acceleration in the short term given the inherent time lag involved for business confidence and reforms to translate into higher levels of capital investment and a significant pick-up in Private Consumption Expenditure.
With the Real Estate (Regulation and Development) Act, 2016 passed, the implementation of the same is expected to be in a short period of time. The profits are expected to grow in the coming years as the residential segment is the most important part that has been estimated as major contributor in real estate sector growth. Successful brand reflect the innovative capabilities and is a badge of honour for the Company it belongs to, apart from being a sustained source of wealth creation. It has been Century’s tireless endeavor to create and nurture world-class brand.
The Company shall continue with its strategy in development of the projects:
To launch projects only after achieving financial closure with minimal dependence on pre sales.
To de-risk project and the land parcel by launch of projects in logical phases.
To enter into strategic alliance with contractors and vendors through long term agreements.
To develop the land parcels through Joint-Development and Joint Ventures.
Also to take up plotted development of relatively larger land parcels firstly unlock the land parcels and also to improve the liquidity.
Century’s Development Profile spreads through all sectors in the Real Estate Development by utilizing all the possible inputs and providing the world-class facilities to the customers. ‘Century’ seizes all the opportunities possible for development and bring-in a new era in the real estate development.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
1125.881 |
1246.563 |
|
|
|
|
|
Total |
1125.881 |
1246.563 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G67224063 |
100136838 |
THE SARASWAT CO-OPERATIVE BANK LTD |
03/11/2017 |
- |
- |
1678000.0 |
SITE NO. 47, WARD NO.68, SOGO PROPERTIES,100 FEET ROAD, KORAMANGALA 4TH BLOCK, BANGALOREKA560034IN |
|
2 |
G52414851 |
100121207 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
17/07/2017 |
- |
- |
1717000.0 |
APARTMENT 1 AND 2 PAMADI TOWERS,FIRST MAIN ROAD, GANDHINAGARBANGALOREKA560009IN |
|
3 |
G52414620 |
100121210 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
17/07/2017 |
- |
- |
1717000.0 |
APARTMENT 1 AND 2 PAMADI TOWERS,FIRST MAIN ROAD, GANDHINAGARBANGALOREKA560009IN |
|
4 |
G45865193 |
100104363 |
THE SIRSI URBAN SAHAKARI BANKLTD |
31/03/2017 |
- |
- |
21600000.0 |
RAYARPETHSIRSIKA581401IN |
|
5 |
G80122047 |
100119608 |
IDBI TRUSTEESHIP SERVICES LIMITED |
27/03/2017 |
23/02/2018 |
- |
700000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMA400001IN |
|
6 |
G36724789 |
100079461 |
ECL FINANCE LIMITED |
18/01/2017 |
- |
- |
490000000.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA,MUMBAIMA400098IN |
|
7 |
G36577914 |
100081531 |
CATALYST TRUSTEESHIP LIMITED |
18/01/2017 |
- |
- |
810000000.0 |
GDA HOUSE, FIRST FLOOR, PLOT NO. 85S. NO. 94 & 95, BHUSARI COLONY (RIGHT), KOTHRUDPUNEMA411038IN |
|
8 |
G80119910 |
100066722 |
IDBI TRUSTEESHIP SERVICES LIMITED |
29/06/2016 |
22/01/2018 |
- |
2500000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMA400001IN |
|
9 |
G81644866 |
100053276 |
IDBI TRUSTEESHIP SERVICES LIMITED |
29/06/2016 |
20/03/2018 |
- |
2500000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMA400001IN |
|
10 |
C69228583 |
10600763 |
SARASWAT CO-OPERATIVE BANK LIMITED |
08/10/2015 |
- |
- |
1687000.0 |
SITE NO.47, WARD NO.68, SOGO PROPERTIES, 100 FEETKORAMANGALA 4TH BLOCK,BANGALOREKA560034IN |
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 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 66.83 |
|
|
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
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.