|
|
|
MIRA INFORM REPORT
|
Report No. : |
505932 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
S N N BUILDERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
SNN Mind’s Eye, No. 4, 2nd Floor, |
|
Mob. No.: |
91-80-40222201 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
09.11.2009 |
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|
|
|
Com. Reg. No.: |
08-051411 |
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|
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Capital Investment
/ Paid-up Capital : |
INR 100.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202KA2009PTC051411 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS38943C BLRS34627F |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AANCS6172K1ZL |
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TIN No.: |
29250879422 |
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|
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PAN No.: [Permanent Account No.] |
AANCS6172K |
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|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is engaged primarily in the business of real estate construction, development and other related activities. [Registered Activity] |
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|
|
|
No. of Employees
: |
300 (Approximately) |
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 2200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2009. It is engaged in Real Estate
Development business. For the financial year 2017, the revenue of the company has decreased
by 46.27% but has managed to maintain average profit margin of 5.75%. The rating takes into consideration the satisfactory financial profile
of the company marked by adequate networth base along with comfortable debt
coverage indicators. However, rating strength are partially offset by highly competitive
Real estate industry. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: The correct name
of the company is “SNN Builders Private Limited”. |
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 |
ICRA RATING |
|
Rating |
Fund based term loan = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.04.2018 |
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 PARTED BY [GENERAL DETAILS]
|
Name : |
Ms. Lidiya |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-80-40222201 |
|
Date : |
24.04.2018 |
LOCATIONS
|
Registered Office : |
SNN Mind’s Eye, No. 4, 2nd Floor, Diagonal Road, 3 Block
Jayanagar, Bangalore – 560011, Karnataka, India |
|
Tel. No.: |
91-80-40222201 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Nitin Agarwal |
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Designation : |
Director |
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Address : |
4022, 1st Cross, Hal 2nd Stage, Indira Nagar, |
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Date of Birth/Age : |
24.10.1978 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
00010929 |
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Other Directorship:
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Name : |
Neelu Jain |
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Designation : |
Director |
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Address : |
No A-304, 47th Cross, Adarsh Residency, 8th Block
Jayanagar, |
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Date of Birth/Age : |
07.09.1970 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
00016245 |
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Other Directorship:
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Name : |
Ramesh Chand Agarwal |
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Designation : |
Director |
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Address : |
#4022, Ist Cross, Hal II Stage, Indira Nagar, Bangalore – 560058, Karnataka, India |
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Date of Birth/Age : |
24.06.1950 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
00016256 |
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Other Directorship:
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Name : |
Sanjay Shah |
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Designation : |
Director |
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Address : |
452, 22nd Cross, 3rd Block Jayanagar, |
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Date of Birth/Age : |
09.07.1969 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
00016272 |
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Other Directorship:
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Name : |
Shiva Shankar Bhat |
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Designation : |
Director |
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Address : |
Flat No. 005, Raj Opal, No. 49, Mahaveer Marg 24thmain, J P Nagar, 6th Phase, Bangalore – 560078, Karnataka, India |
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Date of Birth/Age : |
15.02.1971 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
01783393 |
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Other Directorship:
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|
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Name : |
Nikhil Agarwal |
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Designation : |
Director |
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Address : |
4022a, I Cross, Hal 2nd Stage Indira Nagar, |
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Date of Birth/Age : |
30.10.1981 |
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Date of Appointment : |
09.11.2009 |
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DIN No.: |
02093803 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Ms. Lidiya |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Neelu Jain |
|
1500000 |
|
Nikhil Agarwal |
|
1500000 |
|
Nithin Agarwal |
|
1500000 |
|
P Shiv Shankar Bhat |
|
1000000 |
|
Ramesh Chandra Agarwal |
|
1500000 |
|
Shah Sanjay |
|
3000000 |
|
|
|
|
|
Total |
|
10000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged primarily in the business of real estate construction, development and other related activities. [Registered Activity] |
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Products : |
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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 : |
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Selling : |
Advance Payment and Cheque, NEFT |
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Purchasing : |
Advance Payment and Cheque, NEFT |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Chopda and Kataria Chartered Accountants |
|
Address : |
1st Floor, No-219, Kamaraj Road, Dodda Banaswadi, Bangalore – 560043, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ANRPK1639F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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|
Subsidiary Company
: |
IBROX
Real Estate Development Private Limited (from 30th May 2016) |
|
|
|
|
Other related
parties (under common control) with
whom there are transactions : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
695.509 |
570.185 |
364.623 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
795.509 |
670.185 |
464.623 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
275.206 |
366.591 |
1025.596 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
1.000 |
1131.795 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
275.206 |
367.591 |
2157.391 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3471.576 |
3059.757 |
1956.820 |
|
(b) Trade
payables |
56.151 |
122.529 |
109.813 |
|
(c) Other
current liabilities |
329.116 |
1107.967 |
2061.815 |
|
(d) Short-term
provisions |
69.905 |
33.764 |
12.614 |
|
Total Current
Liabilities (4) |
3926.748 |
4324.017 |
4141.062 |
|
|
|
|
|
|
TOTAL |
4997.463 |
5361.793 |
6763.076 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
161.688 |
186.408 |
27.763 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1640.874 |
690.352 |
691.194 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
202.302 |
248.404 |
681.779 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2004.864 |
1125.164 |
1400.736 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2618.171 |
3799.551 |
5203.364 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
46.115 |
11.158 |
56.060 |
|
(e)
Short-term loans and advances |
47.594 |
296.879 |
9.316 |
|
(f) Other
current assets |
280.719 |
129.041 |
93.600 |
|
Total
Current Assets |
2992.599 |
4236.629 |
5362.340 |
|
|
|
|
|
|
TOTAL |
4997.463 |
5361.793 |
6763.076 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1326.141 |
2220.440 |
3223.167 |
|
|
Other Income |
1268.046 |
2013.837 |
15.967 |
|
|
TOTAL |
2594.187 |
4234.277 |
3239.134 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
456.092 |
601.540 |
1124.903 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1181.380 |
1293.435 |
128.374 |
|
|
Other expenses |
805.175 |
2008.839 |
1637.590 |
|
|
TOTAL |
2442.647 |
3903.814 |
2890.867 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
151.540 |
330.463 |
348.267 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
151.540 |
330.463 |
348.267 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
151.540 |
330.463 |
348.267 |
|
|
|
|
|
|
|
Less |
TAX |
75.171 |
124.901 |
125.196 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
76.369 |
205.562 |
223.071 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.637 |
20.556 |
22.307 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
1107.706 |
(2284.090) |
348.267 |
|
Net cash flows from (used in) operating activities |
1032.536 |
(2392.389) |
348.267 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
44.94 |
74.35 |
35.63 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.06 |
0.09 |
0.07 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.94 |
1.77 |
12.54 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.84 |
0.87 |
0.76 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
4.71 |
5.11 |
6.42 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
4.94 |
6.45 |
8.91 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.20 |
0.28 |
0.06 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
5.76 |
9.26 |
6.92 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
1.53 |
3.83 |
3.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
9.60 |
30.67 |
48.01 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.76 |
0.98 |
1.29 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.10 |
0.10 |
0.04 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.16 |
0.12 |
0.07 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
37.47 |
34.26 |
29.82 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.76 |
0.98 |
1.29 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
364.623 |
570.185 |
695.509 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
464.623 |
670.185 |
795.509 |
|
|
|
|
|
|
Long-term borrowings |
1025.596 |
366.591 |
275.206 |
|
Short term borrowings |
1956.820 |
3059.757 |
3471.576 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2982.416 |
3426.348 |
3746.782 |
|
Debt/Equity
ratio |
6.419 |
5.113 |
4.710 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3223.167 |
2220.440 |
1326.141 |
|
|
0.000 |
(31.110) |
(40.276) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
3223.167 |
2220.440 |
1326.141 |
|
Profit/ (Loss) |
223.071 |
205.562 |
76.369 |
|
|
6.92
% |
9.26
% |
5.76
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
100.000 |
|
(b) Reserves and Surplus |
|
|
1520.286 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
(d) Minority interest |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
1620.286 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
1738.047 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long-term
liabilities |
|
|
677.842 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
2415.889 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
3685.070 |
|
(b) Trade
payables |
|
|
110.558 |
|
(c) Other
current liabilities |
|
|
336.165 |
|
(d) Short-term
provisions |
|
|
100.618 |
|
Total Current
Liabilities (4) |
|
|
4232.411 |
|
|
|
|
|
|
TOTAL |
|
|
4997.463 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
175.510 |
|
(ii)
Intangible Assets |
|
|
649.380 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
240.459 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d)
Long-term loans and advances |
|
|
305.301 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
1370.650 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
6714.812 |
|
(c) Trade
receivables |
|
|
0.000 |
|
(d) Cash and
bank balances |
|
|
64.538 |
|
(e)
Short-term loans and advances |
|
|
27.072 |
|
(f) Other
current assets |
|
|
91.514 |
|
Total
Current Assets |
|
|
6897.936 |
|
|
|
|
|
|
TOTAL |
|
|
4997.463 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
|
2829.483 |
|
|
Other Income |
|
|
1044.419 |
|
|
TOTAL |
|
|
2594.187 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
621.364 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
2055.672 |
|
|
Other expenses |
|
|
1006.839 |
|
|
TOTAL |
|
|
2442.647 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
190.027 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
190.027 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
190.027 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
75.171 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
99.441 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
9.944 |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposits from others |
3.093 |
3.293 |
|
|
|
|
|
Short-term borrowings |
|
|
|
Other loans and advances |
1310.351 |
1841.301 |
|
Loans and advances from related parties |
446.423 |
321.014 |
|
Deposits from others |
31.593 |
28.151 |
|
Intercorporate deposits |
314.733 |
90.270 |
|
Deposits from shareholders |
708.760 |
0.000 |
|
|
|
|
|
Total |
2814.953 |
2284.029 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40697898 |
100089036 |
|
31/03/2017 |
- |
- |
850000000.0 |
MID CORPORATE BRANCH,PLOT No.95, 1st FLOOR, EPIP ZONE-1, WHITEFIELD,BANGALOREKA560068IN |
|
2 |
C52877933 |
10567800 |
|
14/03/2015 |
- |
- |
570000000.0 |
No.34,Akbar 1st Main Road,SeshadripuramBangaloreKA560002IN |
|
3 |
C00612929 |
10485225 |
|
24/02/2014 |
- |
- |
5000000.0 |
Race Course Circle,VadodaraGJ390007IN |
|
4 |
G38362901 |
10478420 |
|
20/01/2014 |
- |
07/03/2017 |
950000000.0 |
Sheshadripuram branchFirst Main RoadBangaloreKA560020IN |
|
5 |
G05968771 |
10403365 |
|
31/01/2013 |
- |
25/05/2016 |
10742500.0 |
Race course circle,VadodaraGJ390007IN |
|
6 |
G05967773 |
10423293 |
|
28/03/2013 |
- |
25/05/2016 |
4292500.0 |
Race course circle,VadodaraGJ390007IN |
|
7 |
C07773906 |
10289297 |
|
20/04/2011 |
20/04/2011 |
02/06/2014 |
700000000.0 |
CENTRAL BUSINESS DISTRICT BRANCH, NO.65STATE BANK OF INDIA ROAD, LOCAL HEAD OFFICE CAMPUSBANGALOREKA560001IN |
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 66.83 |
|
|
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYO |
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.