|
|
|
MIRA INFORM REPORT
|
Report No. : |
489222 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
OBEROI CONSTRUCTIONS LIMITED (w.e.f.13.07.2011) |
|
|
|
|
Formerly Known
As : |
OBEROI CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra |
|
Tel. No.: |
91-22-66773333/ 66773360/ 67556666 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
02.11.1993 |
|
|
|
|
Com. Reg. No.: |
11-074836 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 51.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH1993PLC074836 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO01873E |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1805E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject continues to be engaged in the activities pertaining to real estate development and hospitality. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined 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++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
Maximum Credit Limit : |
USD 45000000 (INR 2884725000.00) |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 1993. It is a wholly owned
subsidiary of Oberoi Realty Limited. It is engaged in the business of real
estate. As per the Registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to the
financial for the year 31.03.2017 are not available from any sources. As per the financial year 2016, the company has reported a decline in
its revenue as compared to the previous year’s revenue but it has managed to
maintain fair net profit margin of 10.53%. The company possesses sound financial position marked by strong net
worth base along with satisfactory liquidity position. Rating takes into consideration the strength that the company derives
from its holding company and its well-experienced management team. Business is active. Payments seems to be usually 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 (30.06.2017) |
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 |
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
31-03-2016.
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 DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-22-66773333 / 66773360 / 67556666
LOCATIONS
|
Registered/ Corporate Office : |
Commerz, 3rd Floor, International Business Park, Oberoi
Garden City, Off Western Express Highway, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel. No.: |
91-22-66773333/ 66773360/ 67556666 |
|
Fax No.: |
91-22-66773334 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Vikas Ranvir Oberoi |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu,
Mumbai - 400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.09.1969 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Owner’s / President’s Management Program from Harvard Business School |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.10.2011 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00011701 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Bindu Ranvir Oberoi |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole-time director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 70, 12th N. S. Road, J. V. P. D. Scheme, Juhu, Mumbai -
400049, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.08.1968 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Bachelor's Degree in Commerce |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2014 |
||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAAPO7811P |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00837711 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tilokchand Punamchand Ostwal |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
103, Falcon’s Crest, G.D. Ambekar Marg, Parel, Mumbai – 400012,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1954 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Bachelor’s degree in commerce, Fellow member of the Institute of
Chartered Accountants of India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.05.2010 |
||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
SOK4141016 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00821268 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkatesh S Mysore |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
The Imperial, North Tower APT, 4305 BB Nakashe Marg, Tardeo, Mumbai – 400034, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01401447 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajendra Manohar Chandorkar |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
A/503, Khanna Apartment, Near Diamond Garden, Chembur (East), Near
Yogi Restaurant, Mumbai – 400067, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.08.1972 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
Bachelor in Architecture |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.06.2012 |
||||||||||||||||||||||||||||||||||||||||
|
Voter ID No.: |
MT/06/048/0186091 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03626923 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bhaskar Sudarshan Kshirsagar |
|
Designation : |
Secretary |
|
Address : |
E-302, Globe Heights, Off Filmcity Road,, Goregaon (East),, Mumbai - 400063, Maharashtra, India |
|
Date of Appointment : |
11.02.2015 |
|
PAN No.: |
ANRPK0820G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Oberoi Realty Limited, India |
|
5099990 |
|
Santosh Oberoi |
|
4 |
|
Vikas Oberoi and Oberoi Realty Limited, India |
|
1 |
|
Bindu Oberoi and Oberoi Realty Limited, India |
|
1 |
|
Saumil Daru and Oberoi Realty Limited, India |
|
1 |
|
Rajendra Chandorkar and Oberoi Realty Limited, India |
|
1 |
|
Arunkumar Kotian and Oberoi Realty Limited, India |
|
1 |
|
Nimesh Mehta and Oberoi Realty Limited, India |
|
1 |
|
Total |
|
5100000 |
Equity Share Break up (Percentage of Total Equity)
As on 12.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject continues to be engaged in the activities pertaining to real estate development and hospitality. (Registered activity) |
||||
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|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
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|
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|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
P. Raj and Company Chartered Accountants |
|
Address : |
3/1218 Navjivan Commercial Premises Co-operative Society
Limited, Lamington Road, Mumbai – 400008, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANFP6200G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
L45200MH1998PLC114818 |
|
|
|
|
Joint venture : |
|
|
|
|
|
Subsidiary company
: |
|
|
Associates : |
U45202MH2001PTC132103 |
|
|
|
|
Fellow Subsidiary
company : |
U45400MH2013PTC239631
U45400MH2014PTC255010 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5250000 |
Equity Shares |
INR 10/- each |
INR 52.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5100000 |
Equity Shares |
INR 10/- each |
INR 51.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
51.000 |
51.000 |
51.000 |
|
(b) Reserves & Surplus |
15678.639 |
15684.564 |
15634.659 |
|
(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) |
15729.639 |
15735.564 |
15685.659 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
13.608 |
14.414 |
15.626 |
|
(c) Other long term
liabilities |
27.061 |
3.625 |
4.446 |
|
(d) long-term provisions |
1.187 |
0.448 |
0.656 |
|
Total
Non-current Liabilities (3) |
41.856 |
18.487 |
20.728 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4246.233 |
749.592 |
1000.000 |
|
(b) Trade payables |
49.810 |
76.110 |
43.234 |
|
(c) Other current liabilities |
4055.447 |
2744.081 |
249.407 |
|
(d) Short-term provisions |
3.978 |
64.119 |
60.275 |
|
Total
Current Liabilities (4) |
8355.468 |
3633.902 |
1352.916 |
|
|
|
|
|
|
TOTAL |
24126.963 |
19387.953 |
17059.303 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.346 |
56.802 |
59.952 |
|
(ii) Intangible Assets |
0.037 |
0.086 |
0.135 |
|
(iii) Capital work-in-progress |
356.978 |
97.546 |
56.827 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
419.904 |
430.411 |
423.358 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12376.422 |
11067.777 |
10854.232 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13229.687 |
11652.622 |
11394.504 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
511.482 |
0.000 |
4.977 |
|
(b) Inventories |
6637.458 |
5626.568 |
3822.814 |
|
(c) Trade receivables |
423.429 |
436.773 |
230.333 |
|
(d) Cash and cash equivalents |
1898.020 |
487.361 |
1278.755 |
|
(e) Short-term loans and
advances |
1153.219 |
1181.168 |
318.929 |
|
(f) Other current assets |
273.668 |
3.461 |
8.991 |
|
Total
Current Assets |
10897.276 |
7735.331 |
5664.799 |
|
|
|
|
|
|
TOTAL |
24126.963 |
19387.953 |
17059.303 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
526.660 |
1122.363 |
1014.644 |
|
|
Other Income |
208.859 |
48.925 |
240.713 |
|
|
TOTAL
|
735.519 |
1171.288 |
1255.357 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1270.427) |
(2109.627) |
176.158 |
|
|
Employees benefits expense |
35.568 |
18.148 |
7.188 |
|
|
CSR expenditure |
2.226 |
4.261 |
0.000 |
|
|
Other expenses |
1669.950 |
2867.617 |
618.810 |
|
|
TOTAL |
437.317 |
780.399 |
802.156 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
298.202 |
390.889 |
453.201 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.011 |
0.244 |
0.214 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
298.191 |
390.645 |
452.987 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.066 |
6.318 |
8.179 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
291.125 |
384.327 |
444.808 |
|
|
|
|
|
|
|
Less |
TAX |
235.668 |
272.799 |
161.161 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
55.457 |
111.528 |
283.647 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Sale of residential units |
2.707 |
15.755 |
0.000 |
|
|
TOTAL
EARNINGS |
2.707 |
15.755 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4.374 |
5.034 |
1.081 |
|
|
Capital Goods |
1.951 |
0.000 |
0.000 |
|
|
TOTAL
IMPORTS |
6.325 |
5.034 |
1.081 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
10.87 |
21.87 |
55.62 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(37.832) |
110.856 |
10.357 |
|
Net cash flows from (used in) operating activities |
(85.977) |
37.676 |
(79.417) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
293.46 |
142.04 |
82.86 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.24 |
2.57 |
4.41 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.04 |
0.07 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.69 |
2.53 |
3.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.35 |
0.19 |
0.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.27 |
0.05 |
0.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.53 |
0.23 |
0.09 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
27109.27 |
1602.00 |
2117.76 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.53 |
9.94 |
27.96 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.23 |
0.58 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.35 |
0.71 |
1.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.30 |
2.13 |
4.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.51 |
0.58 |
1.36 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.65 |
0.81 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
83.26 |
14.70 |
19.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.30 |
2.13 |
4.19 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are INR
Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
51.000 |
51.000 |
51.000 |
|
Reserves & Surplus |
15634.659 |
15684.564 |
15678.639 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15685.659 |
15735.564 |
15729.639 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
1000.000 |
749.592 |
4246.233 |
|
Total
borrowings |
1000.000 |
749.592 |
4246.233 |
|
Debt/Equity
ratio |
0.064 |
0.048 |
0.270 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1014.644 |
1122.363 |
526.660 |
|
|
|
10.616 |
(53.076) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
1014.644 |
1122.363 |
526.660 |
|
Profit |
283.647 |
111.528 |
55.457 |
|
|
27.96% |
9.94% |
10.53% |
LEGAL
CASES
|
Bench:- Bombay |
||||
|
Presentation Date: 04.10.2017 |
||||
|
Stamp No:- |
AOST/28218/2017 |
Failing Date:- |
04.10.2017 |
|
|
Petitioner:- |
OBEROI SPLENDOR FLAT OWNERS ASSOC |
Respondent:- |
OBEROI CONSTRUCTIONS LIMITED |
|
|
Petn.Adv:- |
RAJESH DARSHANLAL BINDRA (I35555) |
Resp. Adv. :- |
AURIS LEGAL (I4558) |
|
|
District:- |
MUMBAI |
|||
|
Bench:- |
SINGLE |
|||
|
Status:- |
Pre-Admission |
|||
|
Next Date:- |
09.02.2018 |
Stage:- |
FOR ADMISSION –
CIRCULATION (CIVIL SIDE MATTERS) |
|
|
Coram:- |
HON’BLE MRS.
JUSTICE MRIDULA BHATKAR |
|||
|
Last Date:- |
11.12.2017 |
|||
|
Last Coram:- |
HON’BLE MRS.
JUSTICE MRIDULA BHATKAR |
|||
|
Act : |
C.P.C. (Interlocutory order) Specific Relief Act |
|||
|
Bench:- Bombay |
||||
|
Presentation Date: 04.10.2017 |
||||
|
Stamp No:- |
CAAST/28220/2017 |
Failing Date:- |
04.10.2017 |
|
|
Stamp No:- |
AOST/28218/2017 |
Main Matter |
|
|
|
Petitioner:- |
OBEROI SPLENDOR FLAT OWNERS ASSOC |
Respondent:- |
OBEROI CONSTRUCTIONS LIMITED |
|
|
Petn.Adv:- |
RAJESH DARSHANLAL BINDRA (I35555) |
|
||
|
District:- |
MUMBAI |
|||
|
Bench:- |
SINGLE |
|||
|
Status:- |
Pre-Admission |
|||
|
Next Date:- |
09.02.2018 |
Stage:- |
FOR ADMISSION –
CIRCULATION (CIVIL SIDE MATTERS) |
|
|
Coram:- |
HON’BLE MRS.
JUSTICE MRIDULA BHATKAR |
|||
|
Act : |
C.P.C. (Interlocutory order) Specific Relief Act |
|||
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NATURE OF BUSINESS
The Company continues to be engaged in the activities pertaining to real estate development and hospitality. On the real estate development front, the Company develops residential, commercial and social infrastructure projects. The Company’s hospitality activity is undertaken through joint ventures.
There was no change in the nature of the business of the Company, during the year.
FINANCIAL PERFORMANCE
During the year, the company has recorded Total Revenue of INR 735.519 Million as compared to INR 1171.288 Million in the previous year. The Profit before tax is INR 291.124 Million for the year ended March 31, 2016 as compared to INR 384.327 Million for the previous year. After deducting expenses on account of tax, the Profit after Tax stood at INR 55.457 Million for the year as compared to INR 111.528 Million in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
4246.233 |
749.592 |
|
|
|
|
|
Total |
4246.233 |
749.592 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C39004189 |
10540218 |
AXIS TRUSTEE SERVICES LIMITED |
05/12/2014 |
- |
- |
7500000000.0 |
2ND FLOOR 'E', AXIS HOUSE BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI, MUMBAI – 400025, MAHARASHTRA, INDIA |
|
2 |
A76037845 |
80043875 |
UTI BANK LIMITED |
11/07/2005 |
- |
06/01/2010 |
2500000000.0 |
ROYAL ACCORD IV, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI – 400053, MAHARASHTRA, INDIA |
|
3 |
A38890430 |
80042654 |
ALLAHABAD BANK |
28/09/2005 |
24/01/2006 |
22/05/2008 |
1150000000.0 |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, 3, DINSHAV WACHHA ROAD, MUMABI – 400020, MAHARASHTRA, INDIA |
|
4 |
A15621709 |
90160599 |
UTI BANK LIMITED |
24/05/2004 |
- |
16/05/2007 |
35000000.0 |
ROYAL ACCORD IV, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI – 400053, MAHARASHTRA, INDIA |
|
5 |
Y10260041 |
90160271 |
UTI BANK LIMITED |
06/03/2004 |
- |
27/12/2005 |
150000000.0 |
ROYAL ACCORD IV, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI – 400053, MAHARASHTRA, INDIA |
|
6 |
Y10259852 |
90160082 |
UTI BANK LIMITED |
20/02/2002 |
- |
18/03/2002 |
448000000.0 |
ROYAL ACCORD IV, LOKHANDWALA COMPLEX, ANDHERI (WEST), MUMBAI – 400053, MAHARASHTRA, INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Claims against company not acknowledged as debt |
744.626 |
662.741 |
|
Guarantees |
161.789 |
332.919 |
|
Other money for which company is contingently liable |
61.324 |
57.766 |
FIXED ASSETS
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Aircrafts helicopters
- Motor 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,
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 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.