|
|
|
MIRA INFORM REPORT
|
Report No. : |
506318 |
|
Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
MY HOME CONSTRUCTIONS PRIVATE LIMITED (w.e.f. 21.07.1997) |
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|
|
|
Formerly Known
As : |
MY HOME CONSTRUCTIONS LIMITED |
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|
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Registered
Office : |
H.No.1-123, 8th Floor, 3rd Block, My Home Hub,
Hi-Tech City, Madhapur, |
|
Tel. No.: |
91-40-66398686 |
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|
|
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Country : |
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|
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Financials (as
on) : |
31.03.2016 |
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|
|
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Date of Incorporation
: |
10.12.1992 |
|
|
|
|
Com. Reg. No.: |
36-015115 |
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|
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Capital
Investment / Paid-up Capital : |
INR 46.545 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200TG1992PTC015115 |
|
|
|
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IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
36AABCM3724D1ZV |
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|
|
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TIN No.: |
36800115727 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCM3724D |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the activities of Real Estate Development and Logistics. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 23623700 |
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|
|
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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 1992 and it is having good track. The company
is engaged in real estate development. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 2017 are not available from any sources. As per available financial of 2016, the company has increased in its revenue from operations as compared to previous year but maintained decent profit margin of 14.64%. Rating takes
into consideration strong financial profile of the company marked by healthy
networth base and very low debt balance sheet. Further,
rating also derives strength from its long standing track records of business
operations and favourable reputation of the in the real estate industry. However, rating strength is partially offset by 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 dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
|
|
Rating |
Proposed Term Loan=A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
30.06.2017 |
Reason for Withdrawn: The issuer did not proposed with the
instrument as envisaged.
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 27.04.2018.
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED BY
|
Name : |
Mr. Vishnu Vardhan T. |
|
Designation : |
Chief Architect |
|
Contact No.: |
91-40-66398641 |
|
Date : |
26.04.2018 |
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-40-66398686/ 66398690]
[91-40-66398687 is continuously ringing]
LOCATIONS
|
Registered/ Corporate Office : |
H.No.1-123, 8th Floor, 3rd Block, My Home Hub,
Hi-Tech City, Madhapur, |
|
Tel. No.: |
91-40-66398686/ 66888888/ 66398641/ 66398690 |
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Fax No.: |
91-40-66442222/ 66751110 |
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E-Mail : |
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|
Website: |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Jupally Shyam Rao |
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Designation : |
Managing Director |
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Address : |
8-2-293/82/Ng/53, Plot No. 53, Nandagiri Hills Co-Operative
Housing Society, Jubilee Hills, Hyderabad-500033, |
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Date of Birth/Age : |
30.07.1988 |
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Qualification : |
M.S in Finance and Accounting |
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Date of Appointment : |
05.04.2010 |
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PAN No.: |
AFLPJ4571M |
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DIN No.: |
00460760 |
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Other Directorship :
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Name : |
Mr. Jupally Vinod |
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Designation : |
Wholetime Director |
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|
Address : |
8-2-293/82/Ng/53, Plot No. 53, Nandagiri Hills Co-Operative
Housing Society, Jubilee Hills, Hyderabad-500033, |
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Date of Birth/Age : |
23.04.1982 |
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Qualification : |
PGDBM |
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Date of Appointment : |
21.11.2008 |
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PAN No.: |
AFKPJ4840A |
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DIN No.: |
00460927 |
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Other Directorship :
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|
|||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jupally Rameshwar Rao |
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Designation : |
Director |
|||||||||||||||||||||||||||||||||||
|
Address : |
8-2-293/82/Ng/53, Plot No. 53, Nandagiri Hills
Co-Operative Housing Society, Jubilee Hills, Hyderabad-500033, |
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Date of Birth/Age : |
16.09.1955 |
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Date of Appointment : |
10.12.1992 |
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PAN No.: |
ABSPJ3781A |
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DIN No.: |
00177012 |
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Other Directorship :
|
||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Jupally Ranjith Rao |
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Designation : |
Director |
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|
Address : |
8-2-293/82/Ng/53, Plot No. 53, Nandagiri Hills
Co-Operative Housing Housing Society, Jubilee Hills, Hyderabad-500033, |
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Date of Appointment : |
06.05.2017 |
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PAN No.: |
AFLPJ4573K |
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DIN No.: |
00460713 |
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|||||||||||||||||||||||||||||||||||
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Name : |
Mr. Jupally Ramu Rao |
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Designation : |
Director |
|||||||||||||||||||||||||||||||||||
|
Address : |
8-2-293/82/Ng/53, Plot No. 53, Nandagiri Hills Co-Operative
Housing Housing Society, Jubilee Hills, Hyderabad-500033, |
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Date of Appointment : |
06.05.2017 |
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PAN No.: |
AFLPJ4570L |
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DIN No.: |
00460735 |
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KEY EXECUTIVES
|
Name : |
Mr. Vishnu Vardhan T. |
|
Designation : |
Chief Architect |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Rameshwar Rao Jupally |
|
439690 |
|
Jupally Jagapathi Rao |
|
326869 |
|
Jupally Sri Kumari |
|
358164 |
|
Jupally Ramu Rao |
|
870728 |
|
Jupally Vinod |
|
869568 |
|
Jupally Ranjith Rao |
|
869895 |
|
Jupally Shyam Rao |
|
864921 |
|
Jupally Sridevi |
|
10000 |
|
Jupally Madhu Bala |
|
10000 |
|
Jupally Rameswar Rao – HUF |
|
34700 |
|
|
|
|
|
Total |
|
4654535 |
AS ON: 25.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the activities of Real Estate Development and Logistics. (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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India · Oriental Bank of Commerce #6-3-865, My Home Jupally, Greenland, Sameerpet, Hyderabad-500016, Telangana, India · ICICI Bank Limited ICICI
Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara-390007, Gujarat,
India · Axis Bank Limited |
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Facilities : |
|
|
|
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Auditors : |
|
|
Name : |
Ramana Reddy and Associates Chartered Accountants |
|
Address : |
Unit No 406, 4th Floor, Ashoka Capital, Opposite KBR Park, Road No 2, Banjara Hills, Hyderabad -500034, Telangana, India |
|
PAN No.: |
AADFA6113F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
My Home Industries Private Limited, India [U26942TG1984PTC004951] |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· Sree Jayajothi Cements Private Limited, India [U02695TG2006PTC112441] My Home Properties & Services Private Limited,
India [U70102TG2007PTC055499] J.B.M. Gardens Private Limited, India
[U01120TG1994PTC017162] Palamakula Tourism Development Corporation
Limited, India [U75144TG2015PLC099480] My Home Power Private Limited, India
[U23200TG1998PTC029720] My Home Power Consultancy Services Private
Limited, India [U74140TG2003PTC042017] |
|
|
|
|
Subsidiary Companies : |
· Zola Real Estates Private Limited, India [U70102TG2007PTC096448] Aqua Space Developers Private Limited, India
[U45400TG2007PTC096447] |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6050000 |
Equity Shares |
INR 10/- each |
INR 60.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4654535 |
Equity Shares |
INR 10/- each |
INR 46.545 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
46.545 |
46.545 |
46.545 |
|
(b) Reserves and Surplus |
8221.776 |
7267.811 |
6594.895 |
|
(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) |
8268.321 |
7314.356 |
6641.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
166.548 |
436.549 |
496.523 |
|
(b) Deferred tax liabilities (Net) |
34.705 |
19.281 |
0.000 |
|
(c) Other long-term
liabilities |
21.578 |
24.853 |
21.320 |
|
(d) long-term
provisions |
34.971 |
28.343 |
22.558 |
|
Total Non-current
Liabilities (3) |
257.802 |
509.026 |
540.401 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
965.000 |
448.885 |
|
(b) Trade
payables |
348.289 |
261.200 |
142.095 |
|
(c) Other
current liabilities |
1880.590 |
1353.900 |
1643.296 |
|
(d) Short-term
provisions |
8.795 |
16.934 |
9.979 |
|
Total Current
Liabilities (4) |
2237.674 |
2597.034 |
2244.255 |
|
|
|
|
|
|
TOTAL |
10763.797 |
10420.416 |
9426.096 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
755.893 |
882.680 |
830.625 |
|
(ii)
Intangible Assets |
10.365 |
14.427 |
17.658 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.029 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5563.165 |
5563.165 |
4141.257 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
101.936 |
|
(d)
Long-term loans and advances |
1243.386 |
638.593 |
1131.103 |
|
(e) Other
Non-current assets |
22.247 |
22.247 |
23.153 |
|
Total Non-Current
Assets |
7595.056 |
7121.112 |
6245.761 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
322.059 |
|
(b)
Inventories |
1775.144 |
2110.863 |
1925.521 |
|
(c) Trade
receivables |
661.309 |
667.889 |
541.950 |
|
(d) Cash and
bank balances |
432.282 |
212.584 |
148.587 |
|
(e)
Short-term loans and advances |
277.083 |
287.520 |
227.679 |
|
(f) Other
current assets |
22.923 |
20.448 |
14.539 |
|
Total
Current Assets |
3168.741 |
3299.304 |
3180.335 |
|
|
|
|
|
|
TOTAL |
10763.797 |
10420.416 |
9426.096 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
6515.692 |
5051.260 |
3270.685 |
|
|
Other Income |
114.873 |
115.596 |
146.024 |
|
|
TOTAL |
6630.565 |
5166.856 |
3416.709 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3969.805 |
3424.001 |
1978.018 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
442.979 |
(78.645) |
157.741 |
|
|
Employee benefit expense |
249.732 |
211.125 |
153.896 |
|
|
CSR expenditure |
12.068 |
8.000 |
0.000 |
|
|
Other expenses |
215.863 |
207.186 |
152.405 |
|
|
Exceptional items |
(31.287) |
(50.155) |
(82.003) |
|
|
TOTAL |
4859.160 |
3721.512 |
2360.057 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1771.405 |
1445.344 |
1056.652 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
154.906 |
228.384 |
111.109 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1616.499 |
1216.960 |
945.543 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
172.692 |
216.144 |
142.668 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1443.807 |
1000.816 |
802.875 |
|
|
|
|
|
|
|
Less |
TAX |
489.842 |
327.900 |
221.657 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
953.965 |
672.916 |
581.218 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
25.156 |
33.189 |
8.964 |
|
|
TOTAL EARNINGS |
25.156 |
33.189 |
8.964 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
204.95 |
144.57 |
124.87 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
192.238 |
330.848 |
159.078 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
974.674 |
1966.952 |
1206.489 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
500.257 |
1760.661 |
1048.184 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.05 |
48.26 |
60.48 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.85 |
7.56 |
6.04 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
32.02 |
27.84 |
26.22 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.00 |
0.68 |
0.55 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.31 |
1.61 |
1.25 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.24 |
0.32 |
0.31 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.24 |
0.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.27 |
0.36 |
0.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.09 |
0.12 |
0.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
11.44 |
6.33 |
9.51 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
14.64 |
13.32 |
17.77 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.86 |
6.46 |
6.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.54 |
9.20 |
8.75 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.42 |
1.27 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.62 |
0.46 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.77 |
0.70 |
0.70 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.71 |
37.22 |
23.73 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.42 |
1.27 |
1.42 |
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 |
46.545 |
46.545 |
46.545 |
|
Reserves & Surplus |
6594.895 |
7267.811 |
8221.776 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6641.440 |
7314.356 |
8268.321 |
|
|
|
|
|
|
Long-term borrowings |
496.523 |
436.549 |
166.548 |
|
Short term borrowings |
448.885 |
965.000 |
0.000 |
|
Current maturities of
long-term debts |
159.078 |
330.848 |
192.238 |
|
Total
borrowings |
1104.486 |
1732.397 |
358.786 |
|
Debt/Equity
ratio |
0.166 |
0.237 |
0.043 |
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 |
3270.685 |
5051.260 |
6515.692 |
|
|
|
54.440 |
28.991 |
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 |
3270.685 |
5051.260 |
6515.692 |
|
Profit/ (Loss) |
581.218 |
672.916 |
953.965 |
|
|
17.77
% |
13.32
% |
14.64
% |
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 |
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G79412417 |
100160416 |
Axis Bank Limited |
26/02/2018 |
- |
- |
60000000.0 |
5-2-183/184,ASC Centre, III FloorR.P ROADHYDERABADTG500003IN |
|
2 |
G61809885 |
100133438 |
ICICI BANK LIMITED |
03/10/2017 |
- |
- |
350000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
3 |
G60906286 |
100132448 |
ORIENTAL BANK OF COMMERCE |
25/09/2017 |
- |
- |
400000.0 |
#6-3-865, MY HOME JUPALLY, GREEENLANDSAMEERPETHYDERABADTG500016IN |
|
4 |
G37184355 |
100080382 |
Axis Bank Limited |
21/02/2017 |
- |
- |
400000000.0 |
Trishul, 3rd Floor, Opp. Samartheshwar Temple,Law Garden, Ellis BridgeAhmedabadGJ380006IN |
|
5 |
G32276107 |
100020464 |
ICICI BANK LIMITED |
04/04/2016 |
30/09/2016 |
- |
430000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
6 |
G01807734 |
100020916 |
ORIENTAL BANK OF COMMERCE |
11/03/2016 |
- |
- |
1000000.0 |
#6-3-865, MY HOME JUPALLY, GREEENLANDSAMEERPETHYDERABADTG500016IN |
|
7 |
G51768141 |
100020227 |
HDFC BANK LIMITED |
01/02/2016 |
04/08/2017 |
- |
770000000.0 |
HDFC BANK HOUSE SENAPATI BAPATMARG LOWER PARELMUMBAIMH400013IN |
|
8 |
G60904737 |
10566689 |
ORIENTAL BANK OF COMMERCE |
09/04/2015 |
30/03/2017 |
- |
128100000.0 |
#6-3-865, MY HOME JUPALLY, GREEENLANDSAMEERPETHYDERABADTG500016IN |
|
9 |
G73395634 |
10526365 |
ICICI BANK LIMITED |
29/09/2014 |
29/12/2017 |
- |
109000000.0 |
BESIDES JAYABHERI SILICON COUNTY,MADHAPUR,HYDERABADTG500081IN |
|
10 |
G54934922 |
10451100 |
HDFC BANK LIMITED |
19/09/2013 |
- |
21/09/2017 |
131940000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
NATURE OF BUSINESS:
The Company is engaged in the activities of Real Estate Development and Logistics. On the real estate development front, the Company develops residential, commercial and retail projects. There was no change in the nature of the business of the Company during the year under review.
FINANCIAL PERFORMANCE
During the year, the Company’s total revenue stood at INR 6630.600 Million as compared to INR 5166.900 Million for the previous year, representing an increase of about 28.33%. The Company earned Profit before tax of INR 1443.800 Million for the year as compared to INR 1000.800 Million for the previous year, representing an increase of 44.26%; profit after tax increased to INR 954.000 Million as compared to INR 672.900 Million for the previous year, representing an increase of 41.77%.
OPERATIONS (STATE OF
AFFAIRS):
During the year under consideration their company has continued the development of two Residential Projects in progress viz., My Home VIHANGA and My Home ABHRA which were commenced during the previous years. During February,2016 the company has launched a new Project “ My Home Avatar” at Puppalaguda, Gachibowli, Hyderabad. The overwhelming bookings of My Home Avatar on the inaugural day and the initial days of the launch increases the responsibility of the company for the faith and the confidence put in by the customers on the company.
My Home ABHRA is completed in all respects and the occupation is improving over months and the progress of My Home VIHANGA is as per the schedule and the company has sold the majority of saleable area leaving very few flats to sell. . It is expected that the company will be in a position to complete the VIHANGA during the current financial year and starts handing over to the customers which would be well within the promised time schedule to the customers.
Further, the company is developing Premium Residential Apartments under the name “My Home Bhooja” and the Commercial complex, including the IT/ITES, SEZ, under the name “My Home Divija” through the Subsidiary “M/s. Aqua Space Developers Private Limited” at Madhapur, Hyderabad in which the company has made investments during the previous financial year. Planning, Earthwork Excavation, obtaining of all the approvals, payment of fees and initial constructions work are just completed and the regular construction works are in progress in both the projects.
Operations of Transport Division have shown excellent growth and the Gross Revenue from this division increased significantly. Appreciating the growth in the sector and the aging of old vehicles, the management has added new fleet to support and sustain the growth and thus confident of continuing good performance during the current financial year and utilization of third party vehicles.
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 6-3-865, My
Home Jupally Apartments, Hyderabad-500016, Andhra Pradesh, India to the present
address w.e.f 27.12.2007
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
Guarantees |
1971.278 |
45.441 |
FIXED ASSETS:
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 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 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
Report Prepared
by : |
IND |
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.