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MIRA INFORM REPORT
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Report No. : |
506605 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
RISHIRAJ BUILDERS LLP |
|
|
|
|
Registered
Office : |
89/7, 3rd Floor, Bombay Hindu CHS Limited, 3rd Lane, Hindu Colony, Dadar (East), Mumbai - 400014, Maharashtra |
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Tel. No.: |
91-22-24122977 |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2017 |
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|
|
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Date of
Incorporation : |
09.05.2015 |
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|
|
|
LLPIN No: |
AAD-8964 |
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|
|
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Total
Obligation of Contribution: |
INR 1.000 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Limited Liability Partnership |
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|
|
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Line of Business
: |
Construction
Activity. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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Comments : |
Subject was established in the year 2015. It is engaged in the construction
business. The subject has not earned income from its operations during the year
under the review. The subject possesses moderate financial position marked by negative
reserve base along with very high debt balance sheet profile. No payment terms are known. In view of aforesaid, the subject 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.04.2018
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 BY
|
Name : |
Ms. Rupali |
|
Designation : |
Not Divulged |
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Contact No.: |
91-22-24216149 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered Office : |
Plot No.89/7, 3rd Floor, Bombay Hindu CHS Limited, 3rd Lane, Hindu Colony, Dadar (East), Mumbai - 400014, Maharashtra, India |
|
Tel. No.: |
91-22-24122977/ 24216149 |
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Fax No.: |
91-22-24384600 |
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E-Mail : |
PARTNERS
As on: 31.03.2015
|
Name : |
Mr. Rishiraj Anil Kulkarni |
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Designation : |
Designated Partner |
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|
Address : |
Plot No.89/7, 3rd Floor, Bombay Hindu CHS Limited, 3rd Lane, Hindu Colony, Dadar (East), Mumbai - 400014, Maharashtra, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
05.03.1978 |
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Date of Appointment : |
09.05.2015 |
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DPIN No.: |
01940074 |
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Other Directorship:
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Anil Ganesh Kulkarni |
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|
Designation : |
Designated Partner |
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|
Address : |
Plot No.89/7, 3rd Floor, Bombay Hindu CHS Limited, 3rd Lane, Hindu Colony, Dadar (East), Mumbai - 400014, Maharashtra, India |
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Date of Birth/Age : |
23.12.1948 |
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Date of Appointment : |
09.05.2015 |
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DPIN No.: |
01940011 |
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Other Directorship:
|
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CONTRIBUTION DETAILS
As on: 31.03.2017
|
Names of Person |
Obligation of
Contribution (INR In Million) |
|
Rishiraj Anil Kulkarni |
0.450 |
|
Anil Ganesh Kulkarni |
0.450 |
|
Amita Anil Kulkarni |
0.100 |
|
Total |
1.000 |
BUSINESS DETAILS
|
Line of Business
: |
Construction
Activity. [Registered Activity] |
|
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
Not Divulged |
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Bankers : |
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Auditors : |
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|
Name : |
Haresh Vallabhdas Kagrana Chartered Accountant |
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Memberships No: |
033179 |
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|
|
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Memberships : |
--- |
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|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
- |
CAPITAL STRUCTURE
As on: 31.03.2017
Total Obligation of
Contribution: INR 1.000 Million
FINANCIAL DATA
[all figures are in
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1 Contribution
Received |
|
1.000 |
1.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
(0.012) |
0.006 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.988 |
1.006 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
18.727 |
0.000 |
|
|
2] Unsecured Loans |
|
40.052 |
12.642 |
|
|
TOTAL LOANS |
|
58.779 |
12.642 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
59.767 |
13.648 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
69.924 |
35.476 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
|
1.398 |
1.845 |
|
|
Loan and Advances |
|
5.304 |
0.003 |
|
|
Other current Assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
6.702
|
1.848 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
16.859 |
23.676 |
|
|
Current Liabilities |
|
0.000 |
0.000 |
|
|
Provision |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
16.859 |
23.676 |
|
|
Net Current Assets |
|
(10.157)
|
(21.828) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
59.767 |
13.648 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.037 |
0.032 |
|
|
|
TOTAL |
|
0.037 |
0.032 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Personal Expenses |
|
0.012 |
0.000 |
|
|
|
Administrative Expenses |
|
0.041 |
0.026 |
|
|
|
TOTAL |
|
0.053 |
0.026 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
(0.016) |
0.006 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
|
(0.016) |
0.006 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(0.016) |
0.006 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(0.016) |
0.006 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net Cash flows from operating activities |
|
NA |
NA |
KEY
RATIOS
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.99 |
0.97 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
59.49 |
12.57 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
57.60 |
36.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
70.77 |
35.26 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
(43.24) |
18.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
(0.02) |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
(1.62) |
0.60 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
09.05.2015 to 31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.12 |
0.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.12 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.01 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
58.78 |
12.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.12 |
0.05 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Contribution Received |
1.000 |
1.000 |
|
Reserves & Surplus |
0.006 |
(0.012) |
|
Net worth |
1.006 |
0.988 |
|
|
|
|
|
Secured Loans |
0.000 |
18.727 |
|
Unsecured Loans |
12.642 |
40.052 |
|
Total borrowings |
12.642 |
58.779 |
|
Debt/Equity ratio |
12.567 |
59.493 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
0.032 |
0.037 |
|
|
|
15.625 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
0.032 |
0.037 |
|
Profit (Loss) |
0.006 |
(0.016) |
|
|
18.75% |
(43.24%) |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 1 year and Above
11 Months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last 1 year and Above 11
Months |
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 |
INDEX OF CAHREGS:
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
M02925980 |
100071235 |
STATE BANK OF INDIA, SIR P.M.ROAD BRANCH |
26/12/2016 |
- |
- |
54900000.0 |
GRESHAM HOUSE, GROUND FLOOR, SIR P.M.ROAD, FORT, MUMBAI Mumbai City MH 400001 IN |
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 : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.