|
|
|
MIRA INFORM REPORT
|
Report No. : |
489994 |
|
Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BELLISSIMO HI RISE BUILDERS PRIVATE LIMITED (w.e.f. 06.01.2016) |
|
|
|
|
Formerly Known
As : |
LODHA HI-RISE BUILDERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
412, Floor - 4, 17G, Vardhaman Chamber Cawasji Patel Road, Horniman Circle, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-23024400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
03.01.2007 |
|
|
|
|
Com. Reg. No.: |
11-166673 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201MH2007PTC166673 |
|
|
|
|
IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTIN : |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL2637A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Construction and Development of Real Estate and Allied Activities. (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
4500 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of “Cowtown Land Development
Private Limited”. The company incorporated in the year 2007. It is engaged in construction Activities. 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. The rating takes into consideration the sound financial profile of the
company marked by healthy networth base along with modest debt coverage sheet
profile. The company has decent earning per share (EPS) of INR 1,39,291.12
against the Face Value (FV) of INR 100. Rating also takes into consideration strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. Rating is constrained on account of unfavourable gap between trade
payables and trade receivables. However, these rating strength are partially offset by highly
competitive construction industry. Business is active. Payments are seems to be slow. In view of aforesaid, the company 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.
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 03.02.2018
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 BY
|
Name : |
Mr. Vijay Sadade |
|
Designation : |
Manager |
|
Contact No.: |
91-9167300490 |
|
Date : |
02.02.2018 |
Tel. No.: 91-22-23024400 (Number is
continuously ringing)
LOCATIONS
|
Registered Office : |
412, Floor - 4, 17G, Vardhaman Chamber Cawasji Patel Road, Horniman Circle, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-23024400 |
|
Mobile No.: |
91-9167300490 (Mr. Vijay Sadade) |
|
Fax No.: |
91-22-23024550 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office : |
Lodha Excelus Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi,
Mumbai – 400011, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Bankim Ashok Doshi |
|
Designation : |
Director |
|
Address : |
602 A Mahalaxmi Palace, Plot No. 27, Tilak Nagar, Chembur
West, Mumbai - 400089, Maharashtra,
India |
|
Date of Birth : |
24.10.183 |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
07785618 |
|
|
|
|
Name : |
Mr. Sushant Keru Hirve |
|
Designation : |
Director |
|
Address : |
902/C, Vakratunda Residency Dhokali Naka, Kolshet Rood,
Thane (West), Thane – 400607, Maharashtra, India |
|
Date of Birth : |
28.09.1974 |
|
Date of Appointment : |
25.09.2017 |
|
DIN No.: |
07814832 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Sadade |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Cowtown Land Development Private Limited, India (LF/DP ID and Client
ID 13012400 / 00116855) |
|
9991 |
|
Cowtown Land Development Private Limited, India (LF/DP ID and Client
ID 20) |
|
8 |
|
Palava Dwellers Private Limited – Nominee of Cowtown Land Development
Private Limited, India |
|
1 |
|
Total |
|
10000 |
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Cowtown Land Development Private Limited, India (LF/DP ID and Client
ID 13012400 / 00116855) |
|
9991 |
|
Cowtown Land Development Private Limited, India (LF/DP ID and Client
ID 20) |
|
8 |
|
Palava Dwellers Private Limited – Nominee of Cowtown Land Development
Private Limited, India |
|
1 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Construction and Development of Real Estate and Allied Activities. (Registered Activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment and Cheque |
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Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
4500 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institution : |
|
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|
|
|
Auditors : |
|
|
Name : |
Shanker and Kapani Chartered Accountants |
|
Address : |
N.T.C. House, 2nd Floor, 15, Narottam Morarjee Marg, Ballard Estate, Mumbai - 400038. Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKFS6521L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
U70100MH1985PTC038213
U45200MH1995PTC093041 |
|
|
|
|
Subsidiary company
: |
U45400MH2007PTC173521
U45201MH2006PTC166482 |
|
|
|
|
Fellow Subsidiary
company : |
U70100MH2005PTC154993
U45200MH2007PTC168949
U70102MH2007PTC166919
U74999DL2005PTC135519
U45201MH2006PTC165646
L27109MH1962PLC265959
U72200MH2006PTC160863
U70104MH1935PLC002249
U45200MH2008PTC177494
U70100MH1987PTC042108
U45202MH2007PTC169025
U65910MH1994PTC249085
U45200MH2012PTC235599
U99999MH1994PTC076937 |
|
|
|
|
Others : |
U67120MH2007PTC169508
U45201MH2006PTC163751
U45200MH2007PTC168913
U45208MH2007PLC173729 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11250 |
Equity Shares |
INR 10/- each |
INR 0.113 Million |
|
3000000 |
Equity Shares |
INR 100/- each |
INR 300.000 Million |
|
1250 |
Preference Shares |
INR 10/- each |
INR 0.012 Million |
|
|
Total |
|
INR 300.125
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
2768.948 |
1376.037 |
1253.106 |
|
(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) |
2769.048 |
1376.137 |
1253.206 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
1985.000 |
|
(b) Deferred tax liabilities
(Net) |
4.941 |
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) |
4.941 |
0.000 |
1985.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
8720.047 |
9077.870 |
700.959 |
|
(b) Trade payables |
1841.281 |
714.213 |
498.409 |
|
(c) Other current liabilities |
13717.173 |
10881.014 |
3382.523 |
|
(d) Short-term provisions |
18.011 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
24296.512 |
20673.097 |
4581.891 |
|
|
|
|
|
|
TOTAL |
27070.501 |
22049.234 |
7820.097 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
689.898 |
621.289 |
76.201 |
|
(ii) Intangible Assets |
0.676 |
1.364 |
1.863 |
|
(iii) 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 |
3104.399 |
3110.151 |
3110.151 |
|
(c) Deferred tax assets (net) |
12.979 |
0.834 |
64.210 |
|
(d) Long-term Loan and Advances |
57.979 |
57.531 |
58.048 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3865.931 |
3791.169 |
3310.473 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3204.654 |
965.524 |
140.529 |
|
(c) Trade receivables |
375.521 |
306.616 |
236.010 |
|
(d) Cash and cash equivalents |
132.795 |
235.980 |
149.015 |
|
(e) Short-term loans and
advances |
18015.222 |
15883.489 |
3908.281 |
|
(f) Other current assets |
1476.378 |
866.456 |
75.789 |
|
Total
Current Assets |
23204.570 |
18258.065 |
4509.624 |
|
|
|
|
|
|
TOTAL |
27070.501 |
22049.234 |
7820.097 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
6238.802 |
1066.368 |
192.834 |
|
|
Other Income |
786.741 |
270.549 |
2.514 |
|
|
TOTAL
|
7025.543 |
1336.917 |
195.348 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3422.241 |
552.567 |
23.117 |
|
|
Purchases of Stock-in-Trade |
578.264 |
0.000 |
0.000 |
|
|
Employees benefits expense |
258.000 |
35.587 |
0.373 |
|
|
CSR Expenditure |
15.000 |
0.000 |
0.000 |
|
|
Other expenses |
462.374 |
389.616 |
285.962 |
|
|
TOTAL |
4735.879 |
977.770 |
309.452 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
2289.664 |
359.147 |
(114.104) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
1.340 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2289.664 |
359.147 |
(115.444) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
138.363 |
44.859 |
5.928 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2151.301 |
314.288 |
(121.372) |
|
|
|
|
|
|
|
Less |
TAX |
758.389 |
188.397 |
(54.036) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1392.912 |
125.891 |
(67.336) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6.437 |
12.169 |
1.792 |
|
|
TOTAL
EARNINGS |
6.437 |
12.169 |
1.792 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.091 |
17.493 |
|
|
TOTAL
IMPORTS |
0.000 |
0.091 |
17.493 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
139291.12 |
12589.07 |
(6733.62) |
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 |
4393.266 |
1661.965 |
(404.274) |
|
Net cash flows from (used in) operating activities |
3696.954 |
1538.986 |
(450.162) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
21.97 |
104.95 |
446.72 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
16.61 |
3.48 |
0.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
168.00 |
471.78 |
7869.50 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.71 |
0.37 |
(0.81) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.32 |
0.58 |
(1.46) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.90 |
0.94 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.15 |
6.60 |
2.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
8.77 |
15.02 |
3.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.25 |
0.45 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
(85.15) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
22.33 |
11.81 |
(34.92) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.15 |
0.57 |
(0.86) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
50.30 |
9.15 |
(5.37) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.96 |
0.88 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.82 |
0.84 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.06 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
87200.47 |
90778.70 |
26859.59 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.96 |
0.88 |
0.98 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
1253.106 |
1376.037 |
2768.948 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1253.206 |
1376.137 |
2769.048 |
|
|
|
|
|
|
Long Term borrowings |
1985.000 |
0.000 |
0.000 |
|
Short Term borrowings |
700.959 |
9077.870 |
8720.047 |
|
Total
borrowings |
2685.959 |
9077.870 |
8720.047 |
|
Debt/Equity
ratio |
2.143 |
6.597 |
3.149 |
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
|
192.834 |
1066.368 |
6238.802 |
|
|
|
452.998 |
485.052 |
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
|
192.834 |
1066.368 |
6238.802 |
|
Profit
/ (Loss) |
(67.336) |
125.891 |
1392.912 |
|
|
(34.92%) |
11.81% |
22.33% |
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
RESULTS OF OPERATIONS
AND THE STATE OF THE COMPANY’S AFFAIRS
During the financial year 2015-16, total income increased by 426% to INR 7025.543 Million from INR 1336.917 Million for the financial Year 2014-15. Total expenses increased to INR 4874.242 Million for the financial year 2015-16 from INR 1022.629 Million for the financial year 2014-15.
The net profit after tax for the financial year 2015-16 has increased to INR 1392.912 Million as compared to the net profit of INR 125.891 Million during the financial year 2014-15.
BUSINESS AND SECTOR
REVIEW
Industry review
The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces. According to data released by Department of Industrial Policy and Promotion, the construction development sector in India has received Foreign Direct Investment equity inflows to the tune of US$ 24.156 billion in the period April 2000-September 2015. Real estate is currently the fourth-largest sector in the country in terms of Foreign Direct Investment inflows.
Mumbai Real Estate
MMR market showed signs of revival in 2HFY16 with residential sales volume increasing by 5% y-o-y; though full year volumes were down 7% y-o-y. Also, 35% decline in new launches led to improvement in demand-supply scenario; inventory levels improved to 11 quarters compared to 12 quarters last year. While inventory of unsold units in MMR is higher than cities such as Bangalore and Pune, it is much below NCR having inventory level of 17 quarters. Prices remained stable or increased marginally across most of the micro-markets. Prices in MMR grew 3% in FY16, higher than NCR (flat y-o-y) and Pune (2%) but were marginally below Bangalore (4%).
BUSINESS OVERVIEW
Lodha Bellissimo is a 648 feet tall 48-storied residential tower amid a large pristine landscaped terrain based on a contemporary style that combines water and flora to create a dynamic and distinctive landscape in the heart of Mumbai. The flats have state of the art fittings by internationally renowned brands like Poggenpohl and Duravit and Hansgrohe, Germany and Philippe Starck. The spa is by L'Occitane, France. The buildings have been designed by Sitetectonix. The Project has been delivered in 2013.
Lodha Lakeshore Greens located in sector 3 in the 2nd phase of Palava City comprises exclusive 1, 2 and 3 BHK residences with lavish internal and external amenities. The property would also have a World-class university, Olympic size sports stadium, 100 acre Central Park etc. Lakeshore Greens is Sector 3 in the second phase of Palava City. There are 11 clusters in Lakeshore Greens, each having around 100 buildings. Each cluster will have its own private garden and clubhouse.
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 |
2743.669 |
3108.670 |
|
Total |
2743.669 |
3108.670 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G72944598 |
100147389 |
PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED |
16/12/2017 |
- |
- |
3500000000.0 |
4TH FLOOR, PIRAMAL TOWER ANNEXE,GANPATRAO KADAM MARG, LOWER PARELMUMBAIMH400013IN |
|
2 |
G49820475 |
100064074 |
IDBI TRUSTEESHIP SERVICES LIMITED |
23/11/2016 |
04/08/2017 |
- |
1032500000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMa400001IN |
|
3 |
G70349626 |
10489204 |
IDBI TRUSTEESHIP SERVICES LIMITED |
29/03/2014 |
15/04/2014 |
11/12/2017 |
6000000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
4 |
B96674262 |
10333877 |
IDBI TRUSTEESHIP SERVICES LIMITED |
23/01/2012 |
10/02/2012 |
19/02/2014 |
8250000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
5 |
B35795327 |
10077268 |
IDBI TRUSTEESHIP SERVICES LIMITED |
22/11/2007 |
07/12/2010 |
09/03/2012 |
11060000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
6 |
B35793470 |
10073807 |
IDBI TRUSTEESHIP SERVICES LIMITED |
16/10/2007 |
07/12/2010 |
09/03/2012 |
2660000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
7 |
B35797257 |
10075386 |
IDBI TRUSTEESHIP SERVICES LIMITED |
18/09/2007 |
07/12/2010 |
09/03/2012 |
2460000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
8 |
B32257313 |
10079437 |
IDBI TRUSTEESHIP SERVICES LIMITED |
10/12/2007 |
23/01/2012 |
10/02/2012 |
16180000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
9 |
B17880667 |
90365581 |
STATE BANK OF INDIA |
16/03/2005 |
01/03/2007 |
14/07/2011 |
1560000000.0 |
COMMERCIAL BRANCH, N. G. N. VAIDYA MARGP. B. NO. 10141MUMBAIMH400023IN |
|
10 |
B02019420 |
10058028 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
20/11/2006 |
20/06/2008 |
27/12/2010 |
1000000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Disputed demands of customers |
159.485 |
25.048 |
|
Disputed Taxation matters |
1.786 |
2.665 |
|
Disputed MVAT Liability |
78.161 |
0.000 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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 : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUJ |
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.