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MIRA INFORM REPORT
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Report No. : |
506315 |
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Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUMADHURA INFRACON PRIVATE LIMITED |
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Registered
Office : |
Door No. 43, |
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Tel. No.: |
91-80-42161470 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
16.01.2012 |
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Com. Reg. No.: |
08-062071 |
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Capital Investment
/ Paid-up Capital : |
INR 19.000 Million |
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CIN No.: [Company Identification
No.] |
U45200KA2012PTC062071 |
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IEC No.: [Import-Export Code 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.] |
AAQCS9641A |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Construction, development, build, demolish, maintain, operate, lease, rent-out, buy, own acquire, sell, residential and/or commercial or properties of all kinds and description. [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 |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Maximum Credit Limit : |
USD 1992800 |
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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 was incorporated in the year 2012. The company acts as a residential and commercial developer. As per the financial of 2017, the company has achieved 10.94% growth in its revenue as compared to the previous year’s revenue and has reported a fair net profit margin of 9.51%. The company possesses healthy financial position marked by sound net worth base along with average debt balance sheet profile and favourable liquidity position. Rating takes into consideration the company’s satisfactory Earnings Per Share (EPS) of INR 135.99 as against its Face Value (FV) of INR 10. Rating is constrained on account of the company’s susceptibility to cyclicality and regulatory risks inherent in the real estate sector. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 |
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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 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Loans = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
27.02.2018 |
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
31-03-2016.
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 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 DECLINED BY
|
Name : |
Mr. Naveen Kumar Gunda |
|
Designation : |
Director |
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Contact No.: |
91-9243458008 |
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Date : |
26.04.2018 |
MANAGEMENT NON-COOPERATIVE [91-80-42161470]
LOCATIONS
|
Registered/ Corporate Office : |
Door No. 43, |
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Tel. No.: |
91-80-42161470 |
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Mobile No.: |
91-9243458008 [Mr. Naveen Kumar Gunda] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Bharat Kumar Kandukuri |
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Designation : |
Director |
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Address : |
21-98, Vevekandannagar Colony, Dilsukh Nagar, Hyderabad-5600060, |
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Date of Birth/Age : |
11.12.1978 |
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Date of Birth/Age : |
Under Graduate |
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Date of Appointment : |
23.01.2012 |
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PAN No.: |
AKEPK9141Q |
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DIN No.: |
00391465 |
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Name : |
Mr. Madhusudhan Gunda |
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Designation : |
Managing Director |
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Address : |
F No. 504 Sumadhura Sandoval, Thubarahalli,
Bangalore-560066, |
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Date of Birth/Age : |
23.08.1970 |
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Qualification : |
Under Graduate |
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Date of Appointment : |
16.01.2012 |
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PAN No.: |
ACAPG2515J |
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DIN No.: |
00391572 |
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Name : |
Mr. Venkata Rama Rao Kalakuntla |
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Designation : |
Director |
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Address : |
RD-701, Purva |
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Date of Birth/Age : |
03.07.1968 |
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Date of Birth/Age : |
Under Graduate |
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Date of Appointment : |
23.01.2012 |
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PAN No.: |
AGEPK3341E |
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DIN No.: |
00391668 |
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Name : |
Ms. Swapna Gunda |
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Designation : |
Director |
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Address : |
F No. 504 Sumadhura Sandoval, Thubarahalli,
Bangalore-560066, |
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Date of Birth/Age : |
26.04.1980 |
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Under Graduate |
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Date of Appointment : |
16.01.2012 |
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PAN No.: |
AGHPG7458F |
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DIN No.: |
00391717 |
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Name : |
Mr. Rahul Kandukuri |
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Designation : |
Director |
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Address : |
H. No. 21-98, Vevekandannagar Colony, Dilsukh Nagar, Hyderabad-560060,
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Date of Birth/Age : |
25.08.1985 |
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Qualification : |
Under Graduate |
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Date of Appointment : |
23.01.2012 |
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PAN No.: |
AOGPK1454L |
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DIN No.: |
05179991 |
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Name : |
Mr. Naveen Kumar Gunda |
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Designation : |
Director |
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Address : |
11-15-110/4/604, Sumadura Prestige Apprts, Doctors Colony,
Saroornagar, Rangareddi, Heydrabad-500035, |
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Date of Birth/Age : |
24.04.1982 |
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Date of Birth/Age : |
Under Graduate |
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Date of Appointment : |
23.01.2012 |
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PAN No.: |
AJQPG3319P |
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DIN No.: |
05179995 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Madhusudhan Gunda |
1108080 |
58.32 |
|
Swapna Gunda |
259920 |
13.68 |
|
Venkata Rama Rao Kalakuntla |
380000 |
20.00 |
|
Bharat Kumar Kandukuri |
76000 |
4.00 |
|
Naveen Kumar Gunda |
76000 |
4.00 |
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|
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Total |
1900000 |
100.00 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Construction, development, build, demolish, maintain, operate, lease, rent-out, buy, own acquire, sell, residential and/or commercial or properties of all kinds and description. [Registered Activity] |
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Products : |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Housing Development Finance Corporation Limited Ramon House 169 Backbay Reclamation, HT Parekh Marg, Mumbai-400020, Maharashtra, India |
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Facilities : |
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Financial Institutions : |
· Kotak Mahindra Prime Limited No.20, 3rd Floor, Uniworth Plazza, Sankey Road, Palace, Guttahalli, Bangalore-560020, Karnataka, India · IL & FS Trust Company Limited IL & FS Financial Centre, Plot No C22 G Block Bandra, Kurla Complex Bandra (East), Mumbai-400051, Maharashtra, India |
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Auditors : |
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|
Name : |
Krishna Sudhakar Hegde Chartered Accountants |
|
Address : |
No.167/4,1st Floor,31st Cross, 16th Main, 4th East Jayanagar, Bangalore-560011, Karnataka, India |
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PAN No.: |
AAQPK6879B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives: |
· Sumadhura Constructions Private Limited [U45200TG2003PTC042178] Vasavi Homes Enliven Decors Sumadhura Constructions |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900000 |
Equity Shares |
INR 10/- each |
INR 19.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR 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 |
19.000 |
19.000 |
19.000 |
|
(b) Reserves and Surplus |
678.494 |
420.105 |
238.732 |
|
(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) |
697.494 |
439.105 |
257.732 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1078.993 |
757.122 |
224.454 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1078.993 |
757.122 |
224.454 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
20.943 |
592.713 |
477.637 |
|
(b) Trade
payables |
130.310 |
112.381 |
84.963 |
|
(c) Other
current liabilities |
1059.185 |
898.395 |
1342.748 |
|
(d) Short-term
provisions |
205.922 |
138.419 |
110.762 |
|
Total Current
Liabilities (4) |
1416.360 |
1741.908 |
2016.110 |
|
|
|
|
|
|
TOTAL |
3192.847 |
2938.135 |
2498.296 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
82.264 |
52.206 |
50.172 |
|
(ii)
Intangible Assets |
0.037 |
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 |
0.000 |
92.980 |
71.300 |
|
(c) Deferred tax assets (net) |
6.667 |
2.929 |
0.527 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.097 |
0.163 |
0.228 |
|
Total Non-Current
Assets |
89.065 |
148.278 |
122.227 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1987.526 |
1888.207 |
1608.952 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
98.910 |
63.211 |
133.406 |
|
(e)
Short-term loans and advances |
1017.346 |
838.439 |
623.711 |
|
(f) Other
current assets |
0.000 |
0.000 |
10.000 |
|
Total
Current Assets |
3103.782 |
2789.857 |
2376.069 |
|
|
|
|
|
|
TOTAL |
3192.847 |
2938.135 |
2498.296 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2717.512 |
2449.622 |
1958.988 |
|
|
Other Income |
12.349 |
9.894 |
3.640 |
|
|
TOTAL |
2729.861 |
2459.516 |
1962.628 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1843.008 |
2039.241 |
1612.712 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(99.319) |
(279.254) |
(69.761) |
|
|
Employee benefit expense |
215.724 |
140.253 |
114.291 |
|
|
CSR expenditure |
0.252 |
0.591 |
0.000 |
|
|
Other expenses |
175.900 |
114.688 |
63.405 |
|
|
TOTAL |
2135.565 |
2015.519 |
1720.647 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
594.296 |
443.997 |
241.981 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
164.692 |
144.765 |
34.786 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
429.604 |
299.232 |
207.195 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.198 |
19.009 |
9.439 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
398.406 |
280.223 |
197.756 |
|
|
|
|
|
|
|
Less |
TAX |
140.017 |
98.849 |
68.459 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
258.389 |
181.374 |
129.297 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
135.99 |
95.46 |
68.05 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(174.105) |
(458.888) |
155.092 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(317.860) |
(560.139) |
100.685 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
25.81 |
20.11 |
19.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.30 |
0.24 |
0.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
7.22 |
8.50 |
4.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.85 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.58 |
3.07 |
2.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.03 |
3.97 |
7.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.12 |
0.12 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.61 |
3.07 |
6.96 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.51 |
7.40 |
6.60 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.09 |
6.17 |
5.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
37.05 |
41.31 |
50.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.19 |
1.60 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.79 |
0.52 |
0.38 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.15 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
57.89 |
71.04 |
36.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.19 |
1.60 |
1.18 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
19.000 |
19.000 |
19.000 |
|
Reserves & Surplus |
238.732 |
420.105 |
678.494 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
257.732 |
439.105 |
697.494 |
|
|
|
|
|
|
Long-term borrowings |
224.454 |
757.122 |
1078.993 |
|
Short term borrowings |
477.637 |
592.713 |
20.943 |
|
Total
borrowings |
702.091 |
1349.835 |
1099.936 |
|
Debt/Equity
ratio |
2.724 |
3.074 |
1.577 |
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 |
1958.988 |
2449.622 |
2717.512 |
|
|
|
25.045 |
10.936 |
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 |
1958.988 |
2449.622 |
2717.512 |
|
Profit/ (Loss) |
129.297 |
181.374 |
258.389 |
|
|
6.60
% |
7.40
% |
9.51
% |
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 |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G83338723 |
100167866 |
KOTAK MAHINDRA PRIME LIMITED |
02/03/2018 |
- |
- |
3350000.0 |
NO.20, 3RD FLOOR, UNIWORTH PLAZZASANKEY ROAD, PALACE GUTTAHALLIBANGALOREKA560020IN |
|
2 |
G49668080 |
100113675 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
13/07/2017 |
- |
- |
1000000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN |
|
3 |
G42182196 |
100093543 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
03/03/2017 |
- |
- |
500000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN |
|
4 |
G78013232 |
100081013 |
BAJAJ FINANCE LIMITED |
07/10/2016 |
- |
23/02/2018 |
400000000.0 |
8TH FLOOR, PRESTIGE TOWER,RESIDENCY ROADBANGALOREKA560025IN |
|
5 |
G74953548 |
10577790 |
IL & FS TRUST COMPANY LIMITED |
14/05/2015 |
- |
03/01/2018 |
800000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN |
|
6 |
G37133022 |
10528232 |
STATE BANK OF HYDERABAD |
07/08/2014 |
04/07/2015 |
02/02/2017 |
600000000.0 |
11/90, JC ROADBANGALOREKA560002IN |
|
7 |
G08023962 |
10566960 |
STATE BANK OF MYSORE |
17/04/2015 |
22/04/2015 |
22/07/2016 |
100000000.0 |
BASAVANAGUDI BRANCH, #73, K.R. ROADBASAVANAGUDIBANGALOREKA560004IN |
|
8 |
C52591716 |
10528787 |
STATE BANK OF BIKANER AND JAIPUR |
13/10/2014 |
- |
09/05/2015 |
350000000.0 |
#122, 6TH CROSS, GANDHI NAGAR, BANGALOREBANGALOREKA560009IN |
|
1 |
G83338723 |
100167866 |
KOTAK MAHINDRA PRIME LIMITED |
02/03/2018 |
- |
- |
3350000.0 |
NO.20, 3RD FLOOR, UNIWORTH PLAZZASANKEY ROAD, PALACE GUTTAHALLIBANGALOREKA560020IN |
|
2 |
G49668080 |
100113675 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
13/07/2017 |
- |
- |
1000000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
123.598 |
88.247 |
|
Loans and advances from others |
18.965 |
0.100 |
|
|
|
|
|
Total |
142.563 |
88.347 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Bank Guarantee |
1.430 |
0.000 |
COMPANY OVERVIEW:
Subject incorporated in 2012 with main objectives of carry on the business of construction, development, build, demolish, maintain, operate, lease, rent-out, buy, own acquire, sell, residential and/or commercial or properties of all kinds and description. Unless otherwise stated.
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The Directors wish to present the details of Business operations done during the year:
Company
has achieved good results, Sales during the year was INR 2717.500 million, and
net profit after tax for the year was INR 258.300 million. Even in challenging
marketing environment the results are satisfactory. Company is analyzing the
market conditions carefully and planning accordingly about the future actions.
FIXED ASSETS:
·
Land
·
Buildings
·
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 66.78 |
|
UK Pound |
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
RUP |
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.