|
|
|
MIRA INFORM REPORT
|
Report No. : |
489125 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASHIANA LANDCRAFT REALTY PRIVATE LIMITED [w.e.f. 26.06.2013] |
|
|
|
|
Formerly Known
As : |
VIROMA DEVELOPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5F, Everest, 46/C, Chowringhee Road, Kolkata-700071, West Bengal |
|
Tel. No.: |
91-33-40378600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
06.02.2012 |
|
|
|
|
Com. Reg. No.: |
21-173601 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 110.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70200WB2012PTC173601 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCV9268K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into Construction Activity of Residential,
Commercial and Other Buildings. [As per Memorandum of Association] |
|
|
|
|
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 : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2012. It is engaged
into construction activity.
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 |
CARE |
|
Rating |
Long Term Borrowing=D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects of recovery |
|
Date |
14.07.2017 |
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 02.02.2018.
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
[Contact No: 91-33-40378600]
[Given number 9717670839 is not working]
LOCATIONS
|
Registered Office : |
5F, Everest, 46/C, Chowringhee Road, Kolkata-700071, West Bengal,
India |
|
Tel. No.: |
91-33-40378600 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
Site-Sales Office 1 :
|
Sector-88A, Near Dwarka Expressway, Gurgaon-122505, Haryana, India |
|
E-Mail : |
|
|
|
|
Site-Sales Office 2 :
|
Sector 2, A, Opposite GD Goenka World School Sohna, Gurgoan, Haryana, India |
|
|
|
Site-Sales Office 3 :
|
Main Nandankanan Road, Bhubaneswar, Odisha, India |
|
|
|
Site-Sales Office 4 :
|
Sikar Road (Near Sun City), Jaipur, Rajasthan, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rohit Raj Modi |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Bb-16, First Floor, Greater Kailash, Enclave – II, New
Delhi-110048, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.03.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA in Finance |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
06.02.2012 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAXPM2443A |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00180505 |
|||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Manu Garg |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
III F-33/7 Nehru Nagar, Ghaziabad-201001, Uttar Pradesh,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.03.1971 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
MBA |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.04.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AARPG6588N |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00786792 |
|||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mitalee Kaushal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C/O Knm & Partners, Law Offices, First Floor The Great
Eastern Centre, 70 Nehru Place, New Delhi-110019, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.12.2017 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03537936 |
|||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dhruv Ahuja |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
102/47, Silver Oaks DLF – I, Gurgaon-122002, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.05.1984 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Chartered Accountant |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.03.2015 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AHJPA3044N |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07120818 |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Love Agrawal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-72, 2nd Floor, Sf-B Swarn Jayanti Puram,
Ghaziabad-201002, Uttar Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
11.12.2017 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07221685 |
|||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Krishna Kumar Kirthivasan |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
501/502 Anant Ashram Chs Plot No. 376b Road No. 09,
Chembur, Mumbai-400071, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1979 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Post Graduate/ Masters |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.2016 |
|||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AMGPK6180R |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07624864 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Devendra Rathi |
|
Designation : |
Chief Financial Officer (KMP) |
|
Address : |
C-306, Lohia Nagar, Ghaziabad-201001, Uttar Pradesh, India |
|
Date of Appointment : |
07.11.2015 |
|
PAN No.: |
AOFPR3273M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 29.09.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ashiana Homes Private Limited |
26650 |
0.24 |
|
Landcraft Projects Private Limited |
26650 |
0.24 |
|
IL and FS Trust Compa Trustee to Indiareit Fund Scheme V |
11700 |
0.11 |
|
Ashiana Homes Private Limited |
5467500 |
49.70 |
|
Landcraft Projects Private Limited |
5467500 |
49.70 |
|
|
|
|
|
Total |
11000000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Body Corporate |
99.89 |
|
Public/Other than promoters – Financial Institutions |
0.11 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Construction Activity of Residential,
Commercial and Other Buildings. [As per Memorandum of Association] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Housing Development Finance Corporation Limited Ramon House 169, Backbay Reclamation H T Parekh Marg,
Mumbai-400020, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institutions : |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai-400001, Maharashtra, India · PNB Housing Finance Limited 9th Floor, Antriksh Bhawan 22 K G Marg, New Delhi-110001,
India |
|
Auditors : |
|
|
Name : |
B. Chhawchharia and Company Chartered Accountants |
|
Address : |
DTJ 422, DLF Tower Bjasola, District Center, Jasola, New Delhi, India |
|
PAN No.: |
AADFB3201F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate Company : |
· Ashiana Homes Private Limited, India [U70101WB1987PTC096547] · Landcraft Projects Private Limited [U45200DL2007PTC159867] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Landcraft Developers Private Limited, India [U45201DL2005PTC132131] · Madhuraj Infrastructure Private Limited, India [U70101WB2006PTC110752] · Raj Kumar Rishu Raj (HUF) · Ashiana Dwellings Private Limited, India [U45400WB2014PTC201892] · Ravi Iron Limited, India [U27106DL1997PLC085272] · Landcraft Projects Private Limited, India [U45200DL2007PTC159867] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11110000 |
Equity Shares |
INR 10/- each |
INR 111.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
INR 10/- each |
INR 110.000
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 |
110.000 |
110.000 |
110.000 |
|
(b) Reserves and Surplus |
2.757 |
1.549 |
3.300 |
|
(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) |
112.757 |
111.549 |
113.300 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2877.529 |
2024.885 |
2384.110 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
160.414 |
126.984 |
75.698 |
|
(d) long-term
provisions |
450.853 |
418.035 |
280.767 |
|
Total Non-current
Liabilities (3) |
3488.796 |
2569.904 |
2740.575 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
45.847 |
164.807 |
91.593 |
|
(c) Other
current liabilities |
2600.175 |
2183.493 |
984.294 |
|
(d) Short-term
provisions |
62.587 |
93.802 |
1.088 |
|
Total Current
Liabilities (4) |
2708.609 |
2442.102 |
1076.975 |
|
|
|
|
|
|
TOTAL |
6310.162 |
5123.555 |
3930.850 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
5.604 |
6.739 |
10.167 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.113 |
0.916 |
0.133 |
|
(d)
Long-term loans and advances |
1743.764 |
1861.176 |
2201.446 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1750.481 |
1868.831 |
2211.746 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
168.493 |
48.482 |
77.677 |
|
(b)
Inventories |
3670.274 |
2601.084 |
1181.597 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
60.134 |
50.167 |
88.353 |
|
(e)
Short-term loans and advances |
660.780 |
554.991 |
371.472 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.005 |
|
Total
Current Assets |
4559.681 |
3254.724 |
1719.104 |
|
|
|
|
|
|
TOTAL |
6310.162 |
5123.555 |
3930.850 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
17.551 |
10.818 |
17.339 |
|
|
TOTAL |
17.551 |
10.818 |
17.339 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
117.622 |
340.270 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1055.946) |
(1413.227) |
(878.381) |
|
|
Employee benefit expense |
6.842 |
5.826 |
4.817 |
|
|
Other expenses |
946.832 |
1077.323 |
886.085 |
|
|
TOTAL |
15.350 |
10.192 |
12.521 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2.201 |
0.626 |
4.818 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.201 |
0.626 |
4.818 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.191 |
3.160 |
2.160 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1.010 |
(2.534) |
2.658 |
|
|
|
|
|
|
|
Less |
TAX |
(0.197) |
(0.783) |
0.888 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.207 |
(1.751) |
1.770 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.11 |
(0.16) |
0.16 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
187.385 |
400.000 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(356.258) |
590.235 |
(13.921) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(361.129) |
586.216 |
(16.101) |
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) |
142.27 |
176.78 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.39 |
0.09 |
0.47 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.91 |
0.95 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
27.18 |
21.74 |
21.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
24.02 |
21.89 |
9.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.06 |
0.09 |
|
|
|
|
|
|
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) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.02 |
(0.03) |
0.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.07 |
(1.57) |
1.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.68 |
1.33 |
1.60 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.33 |
0.27 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
27.86 |
22.04 |
21.67 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.68 |
1.33 |
1.60 |
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 |
110.000 |
110.000 |
110.000 |
|
Reserves & Surplus |
3.300 |
1.549 |
2.757 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
113.300 |
111.549 |
112.757 |
|
|
|
|
|
|
Long-term borrowings |
2384.110 |
2024.885 |
2877.529 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
0.000 |
400.000 |
187.385 |
|
Total
borrowings |
2384.110 |
2424.885 |
3064.914 |
|
Debt/Equity
ratio |
21.042 |
21.738 |
27.182 |
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 |
|
Total Income |
17.339 |
10.818 |
17.551 |
|
|
|
(37.609) |
62.239 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
17.339 |
10.818 |
17.551 |
|
Profit/ (Loss) |
1.770 |
(1.751) |
1.207 |
|
|
10.21% |
(16.19%) |
6.88% |
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 |
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G05941711 |
100033564 |
PNB HOUSING FINANCE LIMITED |
17/06/2016 |
22/06/2016 |
- |
1750000000.0 |
9TH FLOORANTRIKSH BHAWAN22 K G MARGNEW DELHIDe110001IN |
|
2 |
G05775135 |
10537212 |
IDBI TRUSTEESHIP SERVICES LIMITED |
03/09/2013 |
07/06/2016 |
- |
1699883000.0 |
ASIAN BUILDING, GROUND FLOOR, 17, R KAMANI MARGBALLARD ESTATEMUMBAIMH400001IN |
|
3 |
G05813159 |
10537214 |
IDBI TRUSTEESHIP SERVICES LIMITED |
03/09/2013 |
07/06/2016 |
- |
100000000.0 |
ASIAN BUILDING, GROUND FLOOR, 17, R KAMANI MARGBALLARD ESTATEMUMBAIMH400001IN |
|
4 |
G05771340 |
10522393 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
25/09/2014 |
- |
16/06/2016 |
620000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Bonds |
416.117 |
290.117 |
|
|
|
|
|
Total |
416.117 |
290.117 |
REVIEW OF
BUSINESS OPERATIONS AND FUTURE PROSPECTS
The Directors are making best efforts to develop the business further.
FIXED ASSETS:
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
·
Office Equipment
·
Computer Equipments
PRESS RELEASE :
‘SUSHIL MODI AMASSED BENAMI PROPERTIES USING HIS BROTHER’S SHELL
COMPANIES, ‘ALLEGES TEJASHWI YADAV’
Sep 01, 2017
In a tit for tat move, Rashtriya Janta Dal on Friday sought to trump Bihar deputy chief minister Sushil Kumar Modi with corruption charges, an apparent come back for the latter's scathing attack on the Yadav family over various graft cases.
Leader of opposition in Bihar Assembly, Tejashwi Yadav charged Modi with buying two flats in Uttar Pradesh without mentioning the sources of money paid for buying them. The Bihar deputy chief minister, however, denied the allegation.
Tejashwi alleged that Modi is embroiled in a large scale real estate scam with another person, RK Modi who he claimed was Modi's brother.
In a series of tweets, Tejashwi alleged that Modi was using his elder sibling's shell companies to convert his black money into white. Tejashwi claimed that Modi also bought a flat in Ghaziabad from a company owned by the same person, however, he claimed that Modi did not disclose the mode of payment for the purchase.
Tejashwi further alleged that Rajkumar Modi and his two sons owned several real estate companies including, Ashiana Homes Pvt Ltd, Saket Estate Private Limited, Ashiana Landcraft Realty Private limited, which he claimed were nothing but a web of shell companies to legalise his illegal money. He said that by granting his brother and his sons, his power of attorey, Modi had amassed properties worth several crores.
Addressing a press conference, Tejashwi also claimed that Modi later sold the flat in 2015 for INR 8.500 Million. He also alleged that another flat was purchased in Modi's wife's name in 2010 in Dadri, however, the mode of payment was once again not revealed, Hindustan reported. Tejashwai claimed that it was not clear in the registered deed if the money for purchasing the flat was paid in cash or through cheque adding that the information was withheld on purpose.
Tejashwi said that he would submit documents to Income Tax department, Enforcement Directorate, CBI and other agencies besides the prime minister and Bihar chief minister for initiating action in the case.
He also demanded that Chief Minister Nitish Kumar ask his deputy to clarify his stand in this issue.
Earlier too, RJD's national spokesperson Manoj Jha had levelled similar allegations against Modi. Jha had claimed that Rajkumar was in cahoots with a notorious hawala operator Lalit Kumar Chhabaria. A report in Hindi news daily Patrika claims that Chhabariya was made a director in one of Rajkumar's company, even though he is not a share holder. The RJD also alleged that most of the companies owned by Rajkumar or his family are registered at an address in Chowrangi Lane in Kolkata, even though their business interests lie in National Capital Region and northern India, while the owners were based out of Bihar.
Jha also claimed that Ashiana Landcraft Realty Private Limited, a company worth over INR 5000.000 Million, has been logging zero turnover in past two financial years.
The party demanded an Enforcement Directorate probe in the matter and claimed that Modi had benefited from the multi-crore benami transactions undertaken by his brother's shell companies while he was the deputy chief minister of Bihar.
Modi, meanwhile, termed the allegations as "baseless, absurd and concocted" and meant to hide 'sins' of the family of Lalu Prasad. He said, "I have purchased the flat by taking INR 1.000 Million loans from ICICI Bank while paying the remaining amount through cheque... I have also furnished all these information in my Income Tax return and also to the Election Commission."
It is Lalu Prasad who should tell the people how his wife Rabri Devi became the owner of 18 flats and his son Tejashwi became the owner of 26 properties at the age of 26 years, Sushil Modi said.
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 63.61 |
|
UK Pound |
1 |
INR 90.18 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
IND |
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.