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MIRA INFORM REPORT
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Report No. : |
506331 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
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Name : |
LANCO HILLS TECHNOLOGY PARK PRIVATE LIMITED (w.e.f.06.07.2006) |
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Formerly Known
As : |
LANCO MANTRI TECHNOLOGY PARK PRIVATE LIMITED LANCO TECHNOLOGIES PRIVATE LIMITED |
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Registered
Office : |
Plot No. 4,
Software Units Layout, Madhapur, |
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Tel. No.: |
91-40-44799400 |
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Country : |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
07.09.2004 |
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Com. Reg. No.: |
36-044097 |
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Capital
Investment / Paid-up Capital : |
INR 4805.000 Million |
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CIN No.: [Company Identification
No.] |
U72200TG2004PTC044097 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCL1228R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction activity. [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)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
Subject is part of Lanco group. It was incorporated in the year 2004 and is a real estate development company. It engages in construction of residential and commercial projects including apartments, amenities, and club house. The company is also engaged in construction of information technology special economic zone, commercial malls and hospitals. It has a moderate track record. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a healthy growth in its revenue and has reported minimal profit margin. Rating takes into consideration the company’s moderate financial risk profile along with negative reserves level and unfavorable gap between its trade payables to its trade receivables. Rating is further on account by its group’s large delays in debt servicing obligations due to weak liquidity position. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business dealings on safe and secured 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) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Bank Facilities [Suspended] = D |
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Rating Explanation |
Lowest-credit-quality and very low prospects
of recovery. |
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Date |
August 27, 2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Bank Facilities [Suspended = D |
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Rating Explanation |
Instruments with this rating are in default
or expected to be in default on maturity. |
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Date |
August 27, 2015 |
Note: Reason for Suspension: absence of Requisite information
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 28.04.2018
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 DENIED BY
|
Name : |
Not Divulged |
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Designation : |
Accounts Department |
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Contact No.: |
91-40-44799400 |
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Date : |
27.04.2018 |
Management Non-Cooperative (91-9963555211)
LOCATIONS
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Registered/ Head Office : |
Plot No. 4,
Software Units Layout, Madhapur, |
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Tel. No.: |
91-40-44799400 |
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Fax No.: |
91-40-44799555 |
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E-Mail : |
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Website : |
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Marketing Office : |
99 LH, Survey No. 201, Manikonda, |
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5021, |
DIRECTORS
AS ON 31.03.2017
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Name : |
Venkata Rama Reddy Simhadri |
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Designation : |
Wholetime Director |
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Address : |
8-3-229/W/3 Bhagawathi Nagar, Yousufguda, |
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Date of Appointment : |
28.09.2017 |
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DIN No.: |
01667317 |
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Other Directorship:
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Name : |
Pemmasani Panduranga Rao |
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Designation : |
Director |
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Address : |
17, Lumbini, Sln Springs Gachibowli,
Serilingampalli, Rangareddy, |
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Date of Birth/Age : |
02.03.1956 |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
00037740 |
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Other Directorship:
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Name : |
Madhusudan Rao Lagadapati |
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Designation : |
Director |
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Address : |
B-11, Pushpanjali Farm, Bijwasan, |
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Date of Birth/Age : |
08.01.1966 |
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Date of Appointment : |
20.12.2005 |
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DIN No.: |
00074790 |
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Other Directorship:
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Name : |
Bhaskara Rao Garlapati |
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Designation : |
Director |
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Address : |
Plot No. 150, Road No. 10, Jubilee Hills, |
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Date of Appointment : |
29.06.2017 |
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DIN No.: |
00075034 |
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Other Directorship:
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Name : |
Venkatesh Babu Gangarap |
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Designation : |
Director |
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Address : |
35-A1, |
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Date of Birth/Age : |
03.07.1968 |
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Date of Appointment : |
20.12.2005 |
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DIN No.: |
00075079 |
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Other Directorship:
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Name : |
Gurbir Singh |
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Designation : |
Director |
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Address : |
Kh No-56/1, Grace Villa, Iind Avenue Old
Bandh Road, Chandan Holla, New Delhi - 110074, India |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
03148569 |
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Other Directorship:
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Name : |
Trina Lakhmani |
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Designation : |
Director |
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Address : |
H.No. 216, HIG Ratanlal Nagar, |
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Date of Birth/Age : |
11.07.1991 |
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Date of Appointment : |
28.09.2015 |
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DIN No.: |
07239967 |
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Other Directorship:
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Name : |
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Designation : |
Nominee Director |
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Address : |
1-18-30, Sri Ramnagar Colony Alwal,
Trimulgherry, Ranga Reddy, |
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Date of Appointment : |
01.04.2015 |
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DIN No.: |
07092645 |
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Name : |
Krishnamoorthi Govindaraghavan |
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Designation : |
Nominee Director |
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Address : |
6A, |
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Date of Appointment : |
01.04.2015 |
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DIN No.: |
07092649 |
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KEY EXECUTIVES
|
Name : |
Mr. Surender Yogender |
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Designation : |
Chief Financial Officer |
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Address : |
H.No.4-4-556, Sultanbazar, Hyderabad – 500095, Telangana, India |
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Date of Appointment : |
28.07.2015 |
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PAN No.: |
AAUPY5823B |
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Name : |
Surender Yogender |
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Designation : |
Company Secretary |
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Address : |
H.No.4-4-556, Sultanbazar, Hyderabad – 500095, Telangana, India |
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Date of Birth/Age : |
30.08.1977 |
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Date of Appointment : |
29.07.2015 |
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PAN No.: |
AAUPY5823B |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
G. Bhaskara Rao |
|
50 |
|
L. Sridhar |
|
50 |
|
Brahmagiri Realtors Private Limited |
|
58500000 |
|
Lanco Infratech Limited |
|
221999900 |
|
Total |
|
280500000 |
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Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Lanco Infratech Limited |
|
20000000 |
|
Total |
|
20000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
0.00001783 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.00001783 |
|
Public/Other than promoters - Body corporate |
99.99996434 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business
: |
Construction activity. [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
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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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Auditors : |
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|
Name : |
Brahmayya and Company Chartered Accountants |
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Address : |
48 , Masilamani Road, Balaji Nagar, Royapettah, Chennai – 600014, Tamilnadu, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB2481J |
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Memberships : |
Not Available |
|
|
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Collaborators : |
Not Available |
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Holding company (AS
ON 31.03.2016): |
|
CAPITAL STRUCTURE
AFTER 27.09.2016
Authorised Capital : INR
7500.000 Million
Issued, Subscribed & Paid-up Capital : INR
5857.932 Million
AS ON 27.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000000 |
Equity Shares |
INR 10/- each |
INR 4000.000 Million |
|
20000000 |
Preference Shares |
INR 100/- each |
INR 2000.000 Million |
|
|
Total |
|
INR 6000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
280500000 |
Equity Shares |
INR 10/- each |
INR 2805.000 Million |
|
20000000 |
Preference Shares |
INR 100/- each |
INR 2000.000 Million |
|
|
Total |
|
INR 4805.000
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 |
4805.000 |
4805.000 |
4805.000 |
|
(b) Reserves and Surplus |
(1617.846) |
(1630.692) |
(897.386) |
|
(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) |
3187.154 |
3174.308 |
3907.614 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16546.472 |
15528.885 |
13671.601 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
4987.333 |
4710.636 |
4478.921 |
|
(d) long-term
provisions |
14.056 |
12.846 |
14.200 |
|
Total Non-current
Liabilities (3) |
21547.861 |
20252.367 |
18164.722 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
72.604 |
0.000 |
13.631 |
|
(b) Trade
payables |
452.838 |
437.772 |
422.073 |
|
(c) Other
current liabilities |
990.583 |
1511.586 |
2272.479 |
|
(d) Short-term
provisions |
7.525 |
7.125 |
15.082 |
|
Total Current
Liabilities (4) |
1523.550 |
1956.483 |
2723.265 |
|
|
|
|
|
|
TOTAL |
26258.565 |
25383.158 |
24795.601 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2853.316 |
2768.657 |
2809.725 |
|
(ii)
Intangible Assets |
0.389 |
0.830 |
1.218 |
|
(iii) Tangible assets capital
work-in-progress |
6304.928 |
6290.989 |
6287.935 |
|
(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 loans and advances |
180.464 |
811.782 |
825.463 |
|
(e) Other
Non-current assets |
3.466 |
4.056 |
2.384 |
|
Total Non-Current
Assets |
9342.563 |
9876.314 |
9926.725 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15479.217 |
13952.979 |
12402.021 |
|
(c) Trade
receivables |
157.804 |
98.293 |
595.264 |
|
(d) Cash and
bank balances |
31.046 |
87.636 |
13.795 |
|
(e)
Short-term loans and advances |
1247.589 |
1367.521 |
1857.492 |
|
(f) Other
current assets |
0.346 |
0.415 |
0.304 |
|
Total
Current Assets |
16916.002 |
15506.844 |
14868.876 |
|
|
|
|
|
|
TOTAL |
26258.565 |
25383.158 |
24795.601 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1555.380 |
750.780 |
1956.609 |
|
|
Other Income |
90.771 |
41.899 |
5.535 |
|
|
TOTAL |
1646.151 |
792.679 |
1962.144 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
2079.940 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1314.191) |
(1574.259) |
(367.492) |
|
|
Employee benefit expense |
12.493 |
10.448 |
7.240 |
|
|
Other expenses |
2878.984 |
2200.643 |
59.236 |
|
|
TOTAL |
1577.286 |
636.832 |
1778.924 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
68.865 |
155.847 |
183.220 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.783 |
842.911 |
681.151 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.082 |
(687.064) |
(497.931) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
33.236 |
33.111 |
25.108 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
12.846 |
(720.175) |
(523.039) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
1.403 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
12.846 |
(720.175) |
(524.442) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.043 |
(2.397) |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
1574.196 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
166.338 |
(84.216) |
2487076.961 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
146.899 |
(84.216) |
2487076.961 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.03 |
47.79 |
111.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.86 |
7.64 |
3.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
74.07 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.01 |
0.02 |
0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.69 |
0.69 |
0.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.21 |
4.89 |
3.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.48 |
0.62 |
0.70 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.87 |
2.85 |
2.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.02 |
0.18 |
0.27 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.83 |
(95.92) |
(26.80) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.05 |
(2.84) |
(2.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.40 |
(22.69) |
(13.42) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
11.10 |
7.93 |
5.46 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
0.79 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.12 |
0.13 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.46 |
3.23 |
3.18 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
11.10 |
7.93 |
5.46 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
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 |
4805.000 |
4805.000 |
4805.000 |
|
Reserves & Surplus |
(897.386) |
(1630.692) |
(1617.846) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3907.614 |
3174.308 |
3187.154 |
|
|
|
|
|
|
Long-term borrowings |
13671.601 |
15528.885 |
16546.472 |
|
Short term borrowings |
13.631 |
0.000 |
72.604 |
|
Current maturities of
long-term debts |
1574.196 |
0.000 |
0.000 |
|
Total
borrowings |
15259.428 |
15528.885 |
16619.076 |
|
Debt/Equity
ratio |
3.905 |
4.892 |
5.214 |
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 |
1956.609 |
750.780 |
1555.380 |
|
|
|
(61.629) |
107.169 |
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 |
1956.609 |
750.780 |
1555.380 |
|
Profit/ (Loss) |
(524.442) |
(720.175) |
12.846 |
|
|
(26.80
%) |
(95.92
%) |
0.83
% |
LEGAL
CASE
CASE STATUS
|
Case Details |
|
|
Case Type |
OP |
|
Filing No. |
2139/2012 Filing date: 02-02-2012 |
|
Registration No. |
131/2012 Registration date: 02-02-2012 |
|
Case code |
201600021392012 |
|
|
|
|
CASE STATUS |
|
|
First Hearing Date |
02-02-2012 |
|
Next Hearing Date |
28-11-2014 |
|
Purpose of Hearing |
STAY |
|
Court No & Judge |
4 - III ADDITIONAL CHIEF JUDGE |
|
|
|
|
Petitioner(s) & Advocate(s) |
|
|
Petitioner - M/s Milestone Aluminium Co Pvt. Ltd., Address - No.477/E, 12th Cross, 4th Phase, Peenya Industrial Estate, Bangalore. Rep.by its Director Zeba Anwar, W/o.Javed Anwar. Advocate - NARSIMHA RAO N. |
|
|
Respondent(s) & Advocate(s) |
|
|
Respondent - M/s Lanco Hills Technology Park Pvt. Ltd., Address - Regd.Office at Lanco House, Plot No.4, Software Units Layout, Hitec City, Madhapur, Hyderabad-500 081. Advocate –
Address - Residency Road Branch, Bangalore. Advocate - |
|
|
|
|
|
ACTS |
|
|
Under Act(s) |
ARBITRATION AND CONCILIATION ACT, 1996 ALONG WITH SCHEME, 1996 |
|
Under Section(s) |
Sec.9 |
|
Subject |
|
|
|
|
|
LOWER COURT INFORMATION |
|
|
Court No & Name |
--- |
|
Case No & Year |
--- |
|
Case Decision Date |
--- |
|
History Of Case Hearing |
||||||||||
|
Regn. No. |
Judge |
Bussiness on Date |
Hearing Date |
Purpose of Hearing |
||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
|
02-02-2012 |
FOR APPEARANCE |
||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
03-02-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
02-03-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
25-04-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
28-06-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
31-07-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
31-08-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
28-09-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
23-11-2012 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
08-02-2013 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
10-06-2013 |
FOR APPEARANCE |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
23-08-2013 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
23-09-2013 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
20-12-2013 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
14-03-2014 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
27-06-2014 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
26-09-2014 |
STAY |
|||||||
|
131/2012 |
III ADDITIONAL CHIEF JUDGE |
28-11-2014 |
STAY |
|||||||
|
|
||||||||||
|
Regn. No. |
Appellate Case No. |
Appellate Authority |
Date of Receipt |
|||||||
|
Case Transfer Details Between The Courts |
||||||||||
|
Regn. No. |
Transfer Date |
From Court No |
To Court No |
|||||||
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATIONS:
During the year, the Company achieved a Gross Turnover of INR 1646.200 Million as against the gross turnover of INR 792.700 Million during the previous year, resulting in an increase of 108%. The main reason for increase in turnover is recovery of the real estate market in the country, in particular in Hyderabad. The Company incurred a Profit of INR 12.800 Million for the current fiscal year as against the Loss of INR 7202 Lakhs Crores for the previous fiscal year 2014-15.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2016 |
As
on 31.03.2015 |
|
LONG TERM
BORROWING |
|
|
|
Fully convertible debentures banks |
8222.885 |
8047.885 |
|
Rupee term loans from banks |
8323.587 |
7481.000 |
|
SHORT TERM
BORROWING |
|
|
|
Rupee term loans from banks |
72.604 |
0.000 |
|
Total |
16619.076 |
15528.885 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G50335173 |
100115670 |
PUNJAB
NATIONAL BANK |
12/07/2017 |
- |
- |
10996800000.0 |
LARGE
CORPORATE BRANCH, #781-785, RAYALA TOWERS3RD FLOOR,
ANNASALAICHENNAITG500089IN |
|
2 |
B41101353 |
10359349 |
PUNJAB
NATIONAL BANK |
15/05/2012 |
- |
- |
7500000000.0 |
NO.
781-785, RAYALA TOWERSIII FLOOR, ANNA SALAICHENNAITN600002IN |
|
3 |
G06999338 |
10359350 |
PUNJAB
NATIONAL BANK |
15/05/2012 |
17/06/2016 |
- |
10996800000.0 |
LARGE CORPORATE
BRANCH , #781-785 , RAYALA TOWERS3RD FLOOR , ANNASALAICHENNAITN600002IN |
|
4 |
A52427317 |
10132921 |
PUNJAB
NATIONAL BANK |
05/12/2008 |
- |
- |
7500000000.0 |
#781-785,
RAYALA TOWERS, 3RD FLOORANNA SALAICHENNAITN600002IN |
|
5 |
C59759100 |
10132917 |
PUNJAB
NATIONAL BANK |
05/12/2008 |
04/07/2015 |
- |
10763500000.0 |
LARGE
CORPORATE BRANCH, #781-785, RAYALA TOWERS,3RD FLOOR, ANNA
SALAICHENNAITN600002IN |
|
6 |
A39710140 |
10105681 |
PUNJAB
NATIONAL BANK |
26/05/2008 |
- |
- |
3300000000.0 |
#781 -
785,RAYALA TOWERS, 3RD FLOORANNA SALAI,CHENNAITN600002IN |
|
7 |
Z00026316 |
80008306 |
PUNJAB
NATIONAL BANK |
08/02/2006 |
- |
- |
750000000.0 |
LARGE
CORPORATE BRANCHRAYALA TOWERS, 3RD FLOOR ANNA SALAICHENNAITN600002IN |
|
8 |
C61067898 |
10359425 |
PUNJAB
NATIONAL BANK |
15/05/2012 |
- |
14/07/2015 |
3750000000.0 |
LARGE
CORPORATE BRANCH, NO.781-785, RAYALA TOWERS,III FLOOR, ANNA
SALAICHENNAITN600002IN |
|
9 |
B41131111 |
10040433 |
PUNJAB
NATIONAL BANK |
14/02/2007 |
- |
15/05/2012 |
3750000000.0 |
RAYALA
TOWERS, 3RD FLOOR,#781 - 785, ANNA SALAI,CHENNAITN600002IN |
|
10 |
A03549581 |
10010317 |
PUNJAB
NATIONAL BANK |
21/06/2006 |
06/07/2006 |
22/08/2006 |
300000000.0 |
LARGE
CORPORATE BRANCHROYALA TOWERS, 3RD FLOOR, 781&785, ANNA SALAICHENNAITN600002IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Office equipment
- Plant and equipment
- Vehicles
- Office equipment
Intangible assets
- 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,
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHL |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.