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|
|
MIRA
INFORM REPORT
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Report No. : |
489232 |
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Report Date : |
03.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RENAATUS PROJECTS PRIVATE LIMITED (w.e.f. 27.05.2011) |
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Formerly Known
As : |
RPPSELVAM INFRASTRUCTURE PRIVATE LIMITED |
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Registered
Office : |
156, Mullamparappu, N. G. Palayam Post, Erode - 638 115, Tamilnadu |
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Tel. No.: |
91-424-2337207 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
04.01.2006 |
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Com. Reg. No.: |
18-012453 |
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Capital
Investment / Paid-up Capital : |
INR 42.547 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U45201TZ2006PTC012453 |
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IEC No.: |
Not Divulged |
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TIN No.: |
33222903520 |
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GSTIN : |
33AADCR1851J1ZH |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AADCR1851J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of Civil Engineering Construction Contract. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1140000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006 having satisfactory track record. It is engaged into construction activities like buildings, roads, houses, etc. As per available financials of 2015, the company has achieved decent growth in its revenue, but has reported low profit margin during the year. Rating takes into consideration the satisfactory financial risk profile marked by adequate net worth base along with strong debt protection metrics. Rating further takes into consideration the long and established track record of its business operations backed by vast experience of the promoters in infrastructure industry. However, rating strengths are partially offset on account of absence of latest financial details and working capital intensive nature of operations in highly competitive infrastructure industry. Payments are seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Management has not filed its financials with registrar of companies after 2015. |
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 |
CRISIL |
|
Rating |
Long term rating : BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
12.10.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
12.10.2017 |
Reason for suspension: Issuer non-cooperative
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. Praveen S. |
|
Designation : |
Not Divulged |
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Contact No.: |
91-9842905577 |
|
Date : |
01.02.2018 |
Management non-cooperative (Tel No.: 91-424-2337207)
LOCATIONS
|
Registered Office : |
156, Mullamparappu, N. G. Palayam Post, Erode - 638 115, Tamilnadu,
India |
|
Tel. No.: |
91-424-2337207 |
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Mobile No.: |
91-9842905577 (Mr. Praveen S.) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Poosappan Selvasundaram |
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Designation : |
Managing Director |
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Address : |
1/2 Rama Moorthi Street, Ragupathi Naiken Palayam, Railway Colony,
Erode-638002, Tamilnadu, India |
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Date of Birth/Age : |
28.05.1962 |
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Date of Appointment : |
04.01.2006 |
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PAN No.: |
AJCPS0728C |
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DIN No.: |
00058828 |
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Other
Directorship:
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Name : |
Sundaram Padmini |
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Designation : |
Whole-Time Director |
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Address : |
1/2 Rama Moorthi Street, Ragupathi Naiken Palayam, Railway Colony,
Erode-638002, Tamilnadu, India |
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Date of Birth/Age : |
01.12.1975 |
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Date of Appointment : |
04.01.2006 |
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DIN No.: |
00125436 |
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Other
Directorship:
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||||||||||||||||||||
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Name : |
Manojpoosappan Selvasundaram |
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Designation : |
Whole-Time Director |
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Address : |
1/2 Rama Moorthi Street, Ragupathi Naiken Palayam, Railway Colony,
Erode-638002, Tamilnadu, India |
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Date of Birth/Age : |
28.12.1988 |
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Date of Appointment : |
01.04.2014 |
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DIN No.: |
06771296 |
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Other
Directorship:
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MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
R.P. Selva Sundaram |
|
1253710 |
|
Padmini Sundaram |
|
1487014 |
|
C.K Venkatachalam |
|
506297 |
|
S. Manoj |
|
38361 |
|
Gowriammal |
|
57406 |
|
C.Kbalasubramaniam |
|
506298 |
|
C.M.Kolandasamy |
|
174650 |
|
V.Dhivya |
|
70000 |
|
B.Shanmugapriya |
|
70000 |
|
Ksamiyathal |
|
91000 |
|
Total |
|
4254736 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Civil Engineering Construction Contract. (Registered Activity) |
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Products / Services
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India ·
Bank of Baroda, 60, Tiruvenkatasamy Street, Erode-638001,
Tamilnadu, India |
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Facilities : |
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Auditors : |
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Name : |
M Raveendran Chartered Accountants |
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Address : |
8/2, First Floor, Rajakadu, Third Street, Erode - 638 001, Tamilnadu, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACLPR2493M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate (As on 2016) |
Renaatus Procon Private Limited CIN No.: U45309TZ2011PTC017692 |
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Other related parties (As on 31.03.2015) : |
· RPP Blue Metals · RPP Readymix · Sri Ram Promoters · M&M Agency(Formerly, "RPP Agency") · S V Projects (Formerly, "CMK Builders") · SPAC Starch Products (India) Limited · RPP Infra Projects Limited |
CAPITAL STRUCTURE
As on 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4254736 |
Equity Shares |
INR 10/- each |
INR 42.547 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
42.547 |
42.547 |
42.547 |
|
(b) Reserves & Surplus |
355.558 |
281.661 |
212.916 |
|
(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) |
398.105 |
324.208 |
255.463 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
30.513 |
31.358 |
20.079 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
18.722 |
24.463 |
23.380 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
49.235 |
55.821 |
43.459 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
375.766 |
322.021 |
379.780 |
|
(b) Trade payables |
339.234 |
229.159 |
163.989 |
|
(c) Other current liabilities |
81.659 |
77.023 |
65.361 |
|
(d) Short-term provisions |
9.027 |
4.119 |
4.203 |
|
Total
Current Liabilities (4) |
805.686 |
632.322 |
613.333 |
|
|
|
|
|
|
TOTAL |
1253.026 |
1012.351 |
912.255 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
139.557 |
150.998 |
137.499 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
26.126 |
20.526 |
0.526 |
|
(c) Deferred tax assets (net) |
9.166 |
3.019 |
3.075 |
|
(d) Long-term Loan and Advances |
91.704 |
108.281 |
46.273 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
266.553 |
282.824 |
187.373 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.499 |
0.725 |
0.675 |
|
(b) Inventories |
228.299 |
108.895 |
198.176 |
|
(c) Trade receivables |
254.028 |
161.534 |
278.246 |
|
(d) Cash and cash equivalents |
190.651 |
138.879 |
58.183 |
|
(e) Short-term loans and
advances |
306.950 |
317.535 |
163.194 |
|
(f) Other current assets |
6.046 |
1.959 |
26.408 |
|
Total
Current Assets |
986.473 |
729.527 |
724.882 |
|
|
|
|
|
|
TOTAL |
1253.026 |
1012.351 |
912.255 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
2432.961 |
1764.252 |
1394.520 |
|
|
Other Income |
6.957 |
4.745 |
NA |
|
|
TOTAL
|
2439.918 |
1768.997 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
929.685 |
809.345 |
|
|
|
Employees benefits expense |
53.963 |
70.522 |
|
|
|
Other expenses |
1224.128 |
690.290 |
|
|
|
CSR Expenditure |
1.667 |
0.000 |
|
|
|
Exceptional Item |
1.070 |
0.012 |
|
|
|
TOTAL |
2210.513 |
1570.169 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
229.405 |
198.828 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
69.688 |
67.904 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
159.717 |
130.924 |
103.089 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
45.797 |
26.005 |
26.102 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
113.920 |
104.919 |
76.987 |
|
|
|
|
|
|
|
Less |
TAX |
40.049 |
36.174 |
25.999 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
73.871 |
68.745 |
50.988 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.661 |
41.916 |
40.928 |
|
|
|
|
|
|
|
Add |
Other
additions |
0.026 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
70.000 |
80.000 |
50.000 |
|
|
Total
|
70.000 |
80.000 |
50.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
34.558 |
30.661 |
41.916 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
17.36 |
16.16 |
11.98 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
34.891 |
31.584 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
140.470 |
274.748 |
60.399 |
|
Net cash flows from (used in) operating activity |
94.418 |
238.704 |
33.577 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
38.11 |
33.42 |
72.83 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.58 |
10.92 |
5.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
133.19 |
103.35 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.00 |
1.83 |
NA |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.64 |
1.32 |
NA |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.70 |
0.69 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.11 |
1.19 |
1.57 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.02 |
1.95 |
2.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.35 |
0.47 |
0.54 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
3.29 |
2.93 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.04 |
3.90 |
3.66 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.90 |
6.79 |
5.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.56 |
21.20 |
19.96 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.22 |
1.15 |
1.18 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.94 |
0.98 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.32 |
0.32 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
10.37 |
9.05 |
9.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.22 |
1.15 |
1.18 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
42.547 |
42.547 |
42.547 |
|
Reserves & Surplus |
212.916 |
281.661 |
355.558 |
|
Net
worth |
255.463 |
324.208 |
398.105 |
|
|
|
|
|
|
long-term borrowings |
20.079 |
31.358 |
30.513 |
|
Short term borrowings |
379.780 |
322.021 |
375.766 |
|
Total
borrowings |
399.859 |
353.379 |
406.279 |
|
Debt/Equity
ratio |
1.565 |
1.090 |
1.021 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1394.520 |
1764.252 |
2432.961 |
|
|
|
26.513 |
37.903 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1394.520 |
1764.252 |
2432.961 |
|
Profit |
50.988 |
68.745 |
73.871 |
|
|
3.66% |
3.90% |
3.04% |
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 |
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 |
No |
|
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 |
CORPORATE INFORMATION
(As on 31.03.2015)
The Company was incorporated on 04th January, 2006 as RPP Selvam Infrastructure Private Limited. The Company is engaged in the business of Civil Engineering Construction Contract.
UNSECURED LOAN
|
PARTICULAR |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Long-term Borrowings |
|
|
|
Rupee term loans from others |
0.000 |
1.469 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.000 |
12.776 |
|
Loans and advances from related parties |
4.221 |
9.431 |
|
Total |
4.221 |
23.676 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Amount |
Address |
|
1 |
G44813814 |
100100473 |
THE LAKSHMI VILAS BANK LIMITED |
03/03/2017 |
160000000.0 |
301, BROUGH ROAD ERODE TAMILNADU 638001 INDIA |
|
2 |
G41283060 |
100090451 |
HDFC BANK LIMITED |
04/02/2017 |
6222000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MAHARASHTRA 400013 INDIA |
|
3 |
G40166191 |
100087983 |
BANK OF BARODA |
19/01/2017 |
3780000.0 |
60, TIRUVENKATASAMY STREET ERODE TAMILNADU 638001 INDIA |
|
4 |
G27588599 |
100062889 |
ICICI BANK LIMITED |
29/09/2016 |
1756000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
5 |
G33246927 |
100072403 |
PNB HOUSING FINANCE LIMITED |
15/09/2016 |
49500000.0 |
NO 1112, 2ND FLOOR, RAJA PLAZA AVINASHI ROAD COIMBATORE TAMILNADU 641037 INDIA |
|
6 |
G13508304 |
100053021 |
ICICI BANK LIMITED |
30/08/2016 |
5607624.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
7 |
G27590637 |
100062891 |
ICICI BANK LIMITED |
30/08/2016 |
1996012.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE, OLD PADRA ROAD VADODARA GUJARAT 390007 INDIA |
|
8 |
G07771017 |
100040356 |
ICICI BANK LIMITED |
11/05/2016 |
880000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
9 |
G07094063 |
100037906 |
ICICI BANK LIMITED |
11/05/2016 |
4860000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
|
10 |
G07773591 |
100040377 |
ICICI BANK LIMITED |
11/05/2016 |
4860000.0 |
LANDMARKRACE COURCE CIRCLE ALKAPURI BARODA GUJARAT 390015 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Claims against the company not acknowledged as debts-details of statutory dues |
|
|
|
Service Tax |
74.536 |
57.019 |
|
Income Tax |
4.306 |
0.000 |
|
Guarantees: Bank of Baroda sanctioned a limit of INR 400.000 million. The company has availed INR 350.300 Million (31.03.2014 INR 267.500 million) during the year towards issue of security for execution works with various Government agencies and private parties for EMD, Security deposit and release of withheld amount. |
||
FIXED ASSETS
- Land
- Furniture and Fixture
- Computer
- Plant and Equipment
- Vehicles
- Office equipment
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 90.17 |
|
Euro |
1 |
INR 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·