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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506529

Report Date :

30.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

Z ESTATES PRIVATE LIMITED

 

 

Registered Office :

M/4 - 34 Acharya Vihar, Bhubaneswar - 751013, Orissa

Tel. No.:

91-674-2540806

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

12.10.2007

 

 

Com. Reg. No.:

15-009579

 

 

Capital Investment / Paid-up Capital :

INR  0.580 Million

 

 

CIN No.:

[Company Identification No.]

U45201OR2007PTC009579

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AAACZ3063B

 

 

GSTN :

[Goods & Service Tax Registration No.]


21AAACZ3063B1ZY

 

 

TIN No :

21092701690

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of developing housing projects in and around Bhubaneswar. (Registered Activity)

 

 

No. of Employees :

Information denied by the management

 

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 1079000

 

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2007 having satisfactory track record. It is engaged into construction activities.

 

For the financial year 2017, the revenue of the company has sharply declined as compared to its previous year along with and has incurred heavy losses during the year.

 

Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics.

 

Rating continue to derives strength from its established track record of its business operation backed by its well experienced management team and strong financial support from one of its holding entity i.e. “ Bedetos Green Limited”.

 

However, these rating strengths gets partially offset by heavy losses recorded due to slowdown in the infrastructure and real estate sector which.

 

Payment seems to be slow but correct.

 

In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions.

 

NOTES : Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

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 30.04.2018

 

 

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 DECLINED

 

Management non-cooperative (Tel No.:91-274-2540806)

 

 

LOCATIONS

 

Registered Office :

M/4 - 34 Acharya Vihar, Bhubaneswar - 751013, Orissa, India

Tel. No.:

91-674-2540806

Fax No.:

91-674-2540698

E-Mail :

zestates@zestates.in

ravindra_singh_verma@hotmail.com

Website :

www.zestates.in

 

 

DIRECTORS

 

As on 31.03.2018

 

Name :

Mr. Ravindra Singh Verma

Designation :

Director

Address :

House No 1712/Hig HBC 31, Gurgaon -122001, Haryana, India 

Date of Birth/Age :

22/08/1970

Date of Appointment :

12.02.2011

DIN No.:

03405450

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U45400AP2007PTC053586

APEX MEADOWS PRIVATE LIMITED

30/09/2011

-

U45202KL2007PTC020956

HEERAKERALA DEVELOPERS PRIVATE LIMITED

30/09/2011

-

U70101KL2007PTC020991

GLOBAL TOWNSHIPS PRIVATE LIMITED

30/09/2011

-

 

 

Name :

Mr. Chetan Kumar Tekariwal

Designation :

Director

Address :

11, Rajani Kumar Sen Lane Lp 118/2, Howrah- 711101, Orissa, India

Date of Appointment :

12/10/2007

DIN No.:

00312082

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U55101WB1993PTC130853

NEELANCHAL BUILD-TECH & RESORTS PRIVATE LIMITED

20/08/2009

-

U70101OR1998PTC005379

KESHARI-TRITAN DEVELOPERS PRIVATE LIMITED

15/07/1998

-

U45202OR1999PTC005998

RND BUILDERS PRIVATE LIMITED

01/08/2009

-

U55102OR2000PTC006103

UNITED RESORTS AND SERVICES PRIVATE LIMITED

01/03/2000

-

U14102OR2005PTC008190

HARSHPRIYA GRANITES PRIVATE LIMITED

31/05/2005

-

U51492WB1994PTC064237

VESTA FABTRADE PVT. LTD.

08/08/2003

-

U51494WB1995PTC075378

RISHABH YARNS PVT.LTD.

08/08/2003

-

U45400WB2004PTC097642

KALINGA BUILDERS PRIVATE LIMITED

19/01/2004

-

U45201WB2004PTC097643

HARSHPRIYA CONSTRUCTION PRIVATE LIMITED

19/01/2004

-

U45400WB2004PTC097644

TRITAN HAPPY HOMES PRIVATE LIMITED

19/01/2004

-

U45400WB2008PTC123290

NILANCHAL INFRASTRUCTURE & PROJECTS PRIVATE LIMITED

24/11/2008

-

U45400WB2008PTC124388

H P GRIHA NIRMAN PRIVATE LIMITED

30/09/2015

-

U45201OR2011PTC014339

BUILDERS CONSORTIUM PRIVATE LIMITED

17/10/2011

-

U45402OR2017PTC027435

ZJSH SPV PRIVATE LIMITED

31/07/2017

-

 

 

Name :

Mr. Tapan Kumar Mohanty

Designation :

Managing Director

Address :

Charuprava Raja Bagicha, Cuttack- 753009, Orissa, India

Date of Appointment :

12.10.2017

DIN No.:

00931315

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U55102OR2000PTC006103

UNITED RESORTS AND SERVICES PRIVATE LIMITED

01/03/2000

-

U45201OR2011PTC014339

BUILDERS CONSORTIUM PRIVATE LIMITED

17/10/2011

-

U74210OR1984PTC001449

Z. ENGINEERS CONSTRUCTIONS PVT LTD

26/12/1984

-

U45402OR2017PTC027435

ZJSH SPV PRIVATE LIMITED

31/07/2017

-

 

 

Name :

Mr. Jagdeep Singh Pahwa

Designation :

Director

Address :

60b, Sainik Farms, New Delhi -110062, India

Date of Appointment :

07.11.2017

DIN No.:

01675511

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U45400AP2007PTC053586

APEX MEADOWS PRIVATE LIMITED

30/09/2011

-

U74140DL2008PTC180951

INTELLISOURCE CONSULTING PRIVATE LIMITED

23/01/2012

-

U74140DL2010PTC197939

SRS INVESTMENT ADVISORS (INDIA) PRIVATE LIMITED

14/01/2010

-

U74140DL2015PTC275049

TERRA ALPHA PRIVATE LIMITED

06/01/2015

-

U45202KL2007PTC020956

HEERAKERALA DEVELOPERS PRIVATE LIMITED

20/09/2010

-

U70101KL2007PTC020991

GLOBAL TOWNSHIPS PRIVATE LIMITED

20/09/2010

-

U70102AP2007PTC054855

APEX AVENUES INDIA PRIVATE LIMITED

30/09/2011

-

U45201OR2007PTC009604

RENAISSANCE BHUBANESWAR PRIVATE LIMITED

05/11/2007

-

 

 

Name :

Mr. Rohit Parshuram Dave

Designation :

Director

Address :

Flat E-083, Dlf Belaire Dlf City, Phase V, Gurgaon -122001, Haryana, India

Date of Appointment :

24.06.2010

DIN No.:

01675616

Other Directorship:

 

CIN/FCRN

Company Name

Begin Date

End Date

U45400AP2007PTC053586

APEX MEADOWS PRIVATE LIMITED

30/09/2014

-

U74140DL2015PTC275049

TERRA ALPHA PRIVATE LIMITED

06/01/2015

-

U45201MH2006PTC165665

SUPREME HOUSING AND HOSPITALITY PRIVATE LIMITED

28/08/2014

-

U45202KL2007PTC020956

HEERAKERALA DEVELOPERS PRIVATE LIMITED

23/06/2007

-

U70101KL2007PTC020991

GLOBAL TOWNSHIPS PRIVATE LIMITED

23/06/2007

-

U70102AP2007PTC054855

APEX AVENUES INDIA PRIVATE LIMITED

14/09/2010

-

U45201OR2007PTC009604

RENAISSANCE BHUBANESWAR PRIVATE LIMITED

05/11/2007

-

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

Preference Share

Z Harshapriya – Equity Share

23000

6000

Bedetos Green Limited Equity Share

23000

6000

Total

46000

12000

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2017

 

Category

Percentage

Promoters (Body corporate)

50.00

Others (Z Harshapriya)

50.00

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of developing housing projects in and around Bhubaneswar. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

99721111

Business of Developing Housing Projects in and around Bhubaneswar

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

 

Banker Name :

Axis Bank Limited

Branch :

Arch Bishop's House, Satya Nagar, Bhubaneswar, 751007, Orissa, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

Rupee term loans from banks

57.445

75.000

Total

57.445

75.000

 

Auditors :

 

Name :

S.R. Batliboi and Comapny LLP

Chartered Accountants

Address :

3Rd & 6Th Floor, World Mark-1, Igi Airport Hospitality, District :Aerocity

Income-tax PAN of auditor or auditor's firm :

ACHFS9180N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates :

Bedetos Green Limited

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

Z Engineers Construction Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

85,000

Equity Shares -A

INR 10/- each

INR 0.850 Million

25,000

Equity Shares -B

INR 10/- each

INR 0.250 Million

40000

Preference shares

INR 10/- each

INR 0.400 Million

 

Total

 

INR 1.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

46,000

Equity Shares

INR 10/- each

INR 0.460 Million

12,000

Preference shares

INR 10/- each

INR 0.120 Million

 

Total

 

INR 0.580 Million

 

 

FINANCIAL DATA

[all figures are 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

0.580

0.580

0.580

(b) Reserves and Surplus

377.079

405.487

402.803

(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)

377.659

406.067

403.383

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1.020

1.018

1.360

(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

1.671

1.043

0.604

Total Non-current Liabilities (3)

2.691

2.061

1.964

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

57.445

75.000

0.000

(b) Trade payables

119.305

197.140

0.000

(c) Other current liabilities

426.753

122.402

397.463

(d) Short-term provisions

0.986

5.155

0.953

Total Current Liabilities (4)

604.489

399.697

398.416

 

 

 

 

TOTAL

984.839

807.825

803.763

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

26.523

19.157

25.425

(ii) Intangible Assets

0.557

0.602

0.195

(iii) Tangible assets capital work-in-progress

0.000

6.407

0.000

(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

4.233

2.572

(d) Long-term loans and advances

63.497

45.585

45.758

(e) Other Non-current assets

11.985

8.923

8.236

Total Non-Current Assets

102.562

84.907

82.186

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

115.355

(b) Inventories

694.697

398.586

381.549

(c) Trade receivables

9.216

134.337

0.000

(d) Cash and bank balances

94.538

41.971

106.353

(e) Short-term loans and advances

83.826

111.087

117.813

(f) Other current assets

0.000

36.937

0.507

Total Current Assets

882.277

722.918

721.577

 

 

 

 

TOTAL

984.839

807.825

803.763

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

136.946

1039.197

748.989

 

Other Income

1.096

14.610

6.093

 

TOTAL

138.042

1053.807

755.082

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

99.418

580.517

677.980

 

Employee benefit expense

33.294

30.345

24.792

 

Other expenses

28.207

378.431

26.048

 

TOTAL

160.919

989.293

728.820

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

(22.877)

64.514

26.262

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.038

2.306

0.842

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(23.915)

62.208

25.420

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

8.083

8.474

8.432

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(31.998)

53.734

16.988

 

 

 

 

 

Less

TAX

(3.590)

15.793

5.397

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(28.408)

37.941

11.591

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

(489.793)

654.155

199.845

 

 

 

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

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

95.412

96.686

63.173

Net cash flows from (used in) operating activity

81.732

83.433

55.689

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

24.56

47.18

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

14.86

7.74

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

438.01

123.95

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

(0.03)

0.16

0.07

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

(0.84)

2.47

1.03

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.61

0.50

0.50

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.15

0.19

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.60

0.98

0.99

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.07

0.06

0.06

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

(22.04)

27.98

31.19

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

(20.74)

3.65

1.55

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(2.88)

4.70

1.44

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

(7.52)

9.34

2.87

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.46

1.81

1.81

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.31

0.81

0.85

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.38

0.50

0.50

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

100.80

131.07

2.34

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.46

1.81

1.81

 

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

0.580

0.580

0.580

Reserves & Surplus

402.803

405.487

377.079

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

0.000

0.000

0.000

Net worth

403.383

406.067

377.659

 

 

 

 

long-term borrowings

1.360

1.018

1.020

Short term borrowings

0.000

75.000

57.445

Total borrowings

1.360

76.018

58.465

Debt/Equity ratio

0.003

0.187

0.155

 

 

 

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

748.989

1039.197

136.946

 

 

38.747

(86.822)

 

 

 

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

748.989

1039.197

136.946

Profit

11.591

37.941

(28.408)

 

1.55 %

3.65 %

(20.74 %)

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of establishment

Yes

2]

Constitution of the entity Incorporation details

Yes

3]

Locality of the entity

Yes

4]

Premises details

No

5]

Buyer visit details

--

6]

Contact numbers

Yes

7]

Name of the person contacted

No

8]

Designation of contact person

No

9]

Promoter’s background

Yes

10]

Date of Birth of Proprietor / Partners / Directors

Yes

11]

Pan Card No. of Proprietor / Partners

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

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 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

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

 

 

OPERATIONS:

 

The Company was incorporated on 12th October, 2007 as a Private Limited Company. The Companies Equity and Preference Share Capital are held equally between Z Harshapriya (a partnership firm) and Bedetos Green Limited (incorporated in Cyprus), the Investing Company. The Company is engaged in the business of developing housing projects in and around Bhubaneswar.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term borrowings

 

 

Fully convertible debentures others

1.020

1.018

Total

1.020

1.018

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G52070125

100022153

AXIS BANK LIMITED

29/03/2016

28/07/2017

-

275000000.0

ARCH BISHOP'S HOUSE, SATYA NAGAR, BHUBANESWAR, 751007, ORISSA, INDIA

2

G28064715

10308003

PUNJAB NATIONAL BANK

30/08/2011

21/10/2014

25/11/2016

30600000.0

CHANDRASEKHARPUR BRANCHIN FRONT OF BHARAT PETROLIUM, BHUBANESWAR, 751016, ORISSA, INDIA

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2017

31.03.2016

Bank guarantee given on behalf of the company to government authorities

61.767

30.559

Income tax demand

69.024

67.545

Claims against the company not acknowledged as debts

20.171

0.00

 

FIXED ASSETS

  • Land
  • Building
  • Furniture and Fixture
  • Computer
  • Plant and Machinery

 

 

 

 

 

 

 

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 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 :

KMN

 

 

Analysis Done by :

NIS

 

 

Report Prepared by :

TRUP

 

 

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.