|
|
|
MIRA INFORM REPORT
|
Report No. : |
491287 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SRK CONSTRUCTIONS AND PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-2-293/82/A/732-A/1, 4th Floor, Sasi Icon, Road No 36, Jubilee
Hills, Hyderabad - 500033, Telangana |
|
Tel. No.: |
91-40-29804095 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
29.03.2001 |
|
|
|
|
Com. Reg. No.: |
36-036489 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 70.097 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45300TG2001PTC036489 |
|
|
|
|
IEC No.: |
Not Applicable [As informed by
the management that firm does not have export and import] |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GST No.: |
37AAHCS6140B2ZK |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS6140B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Civil Construction of National Highway/Road.
(Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
400 [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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2001. It act as a civil
contractors of National Highway/Road. For the financial year 2017, the revenue of the company has increased
by 9.22% along with fair profit margin if 6.50%. The sound financial profile of the company is marked by strong
networth base along with negligible debt level. The company has decent earning per share (EPS) of INR 464.39 against
the face value (FV) of INR 100. However, rating strengths are partially offset by the susceptibility
to revenue concentration risks, exposure to intense competition in the civil
construction segment and tender based nature of operations and unfavourable
gap between trade payables and trade receivables. Business is active. Payments seems to be slow but correct. 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.
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 |
CRICIL |
|
Rating |
Long term = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
06.12.2017 |
|
Rating Agency Name |
CRICIL |
|
Rating |
Short term = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
06.12.2017 |
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 10.02.2018.
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 PARTED BY
|
Name : |
Mr. Laxmi Reddy |
|
Designation : |
Tender Preparation Department |
|
Contact No.: |
91-9949758844 |
|
Date : |
09.02.2018 |
LOCATIONS
|
Registered Office : |
8-2-293/82/A/732-A/1, 4th Floor, Sasi Icon, Road No 36, Jubilee
Hills, Hyderabad - 500033, Telangana,
India |
|
Tel. No.: |
91-40-29804095 |
|
Mobile No.: |
91-9949758844 [Mr. Laxmi Reddy] |
|
Fax No.: |
91-40-29704095 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Settipalli Ravi Kumar |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
6-3-665, Flat No.501, Lumbini Enclave, Punjagutta, Hyderabad - 500082, Andhra Pradesh, India |
||||||||||||||||
|
Date of birth: |
05.08.1962 |
||||||||||||||||
|
Date of Appointment : |
29.03.2001 |
||||||||||||||||
|
DIN No.: |
00080125 |
||||||||||||||||
|
PAN No.: |
AEPPS1795B |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Settypalli Rama Devi |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
6-3-665, Flat No. 501, Lumbini Enclave, Punjagutta, Hyderabad - 500082, Andhra Pradesh, India |
||||||||||||||||
|
Date of birth: |
30.06.1963 |
||||||||||||||||
|
Date of Appointment : |
29.03.2001 |
||||||||||||||||
|
DIN No.: |
00080376 |
||||||||||||||||
|
|
AVYPS8196C |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Srirama Chandra Murthy Chunduri |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
106, Nandana Apartments, RTC Colony, III Lane, Vijayawada - 520008, Andhra Pradesh, India |
||||||||||||||||
|
Date of Appointment : |
28.10.2017 |
||||||||||||||||
|
DIN No.: |
00204301 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mr. Suryanarayanamma Duggasaani |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
H No 5-6-62, Boggudu Palli Pulivendula, Cuddapah - 516390, Andhra Pradesh, India |
||||||||||||||||
|
Date of Appointment : |
28.10.2017 |
||||||||||||||||
|
DIN No.: |
07206082 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Laxmi Reddy |
|
Designation : |
Tender Preparation Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Settipalli Ravi Kumar |
417374 |
59.54 |
|
Settipalli Rama Devi |
203594 |
29.04 |
|
SRK Infra Ventures India Private Limited |
80000 |
11.41 |
|
|
|
|
|
Total |
700968 |
100.00 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
88.59 |
|
Public/Other than promoters (Bodies corporate) |
11.41 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Civil Construction of National
Highway/Road. (Registered Activity and also Confirmed by Management] |
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Products : |
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||||
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||||
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Brand Names : |
Not Available |
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|
||||
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Agencies Held : |
Not Available |
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|
||||
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Exports : |
Not Available |
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|
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|
||||
|
Imports : |
Not Available |
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|
|
|
||||
|
Terms : |
|
||||
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Selling : |
RTGS |
||||
|
|
|
||||
|
Purchasing : |
RTGS |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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|
No. of Employees : |
400 [Approximately] |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
· Indusind Bank Limited · Centurion Bank of Punjab Limited #102, Raheja Plaja, No.17 Commissionarate Road, Bangalore - 560025, Karnataka, India |
|||||||||||||||||||||
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|
|
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Facilities : |
|
|
Financial Institution: |
· SREI Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road,Kolkata - 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Ramasamy Koteswara Rao and company Chartered Accountants |
|
Address : |
Sri Ramachandra Arcade, D. No. 8-2-293/82/Jiii/573/M1St Floor, Road N0. 82, Jubilee Hills, Hyderabad, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAGFR9006F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 100/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700968 |
Equity Shares |
INR 100/- each |
INR 70.097 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 |
70.097 |
70.097 |
70.097 |
|
(b) Reserves and Surplus |
1256.731 |
931.208 |
738.079 |
|
(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) |
1326.828 |
1001.305 |
808.176 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1255.991 |
404.256 |
307.446 |
|
(b) Deferred tax liabilities (Net) |
64.152 |
44.708 |
32.818 |
|
(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) |
1320.143 |
448.964 |
340.264 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
412.592 |
455.076 |
451.280 |
|
(b) Trade
payables |
306.347 |
533.767 |
423.443 |
|
(c) Other
current liabilities |
520.464 |
192.031 |
98.338 |
|
(d) Short-term
provisions |
74.838 |
343.594 |
246.395 |
|
Total Current
Liabilities (4) |
1314.241 |
1524.468 |
1219.456 |
|
|
|
|
|
|
TOTAL |
3961.212 |
2974.737 |
2367.896 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1437.578 |
731.644 |
535.483 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
114.087 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.640 |
5.640 |
5.640 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
28.028 |
29.578 |
49.307 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
20.377 |
|
Total Non-Current
Assets |
1585.333 |
766.862 |
610.807 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
43.258 |
228.550 |
29.499 |
|
(c) Trade
receivables |
1245.987 |
952.388 |
836.492 |
|
(d) Cash and
bank balances |
265.587 |
141.815 |
2.945 |
|
(e)
Short-term loans and advances |
766.874 |
885.122 |
874.570 |
|
(f) Other
current assets |
54.173 |
0.000 |
13.583 |
|
Total
Current Assets |
2375.879 |
2207.875 |
1757.089 |
|
|
|
|
|
|
TOTAL |
3961.212 |
2974.737 |
2367.896 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
5005.639 |
4583.022 |
4019.443 |
|
|
Other Income |
14.484 |
28.491 |
32.141 |
|
|
TOTAL |
5020.123 |
4611.513 |
4051.584 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
3200.751 |
|
|
Purchases of
Stock-in-Trade |
3981.373 |
4129.992 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
185.292 |
(199.052) |
207.733 |
|
|
Employee benefit expense |
188.488 |
98.153 |
61.455 |
|
|
Other expenses |
40.681 |
45.989 |
157.315 |
|
|
TOTAL |
4395.834 |
4075.082 |
3627.254 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
624.289 |
536.431 |
424.330 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
171.104 |
151.153 |
114.429 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
453.185 |
385.278 |
309.901 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
102.516 |
83.059 |
68.211 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
350.669 |
302.219 |
241.690 |
|
|
|
|
|
|
|
Less |
TAX |
25.146 |
109.090 |
79.811 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
325.523 |
193.129 |
161.879 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
464.39 |
275.52 |
230.94 |
Expected Sales (2017-2018): INR 6000.000 Million [Due to business
growth]
The above information has been parted by Mr. Laxmi Reddy [Mr. Tender
Preparation Department]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
349.535 |
103.686 |
18.892 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
307.129 |
448.167 |
280.898 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
232.290 |
350.967 |
200.077 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
90.85 |
75.85 |
75.96 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.02 |
4.81 |
4.81 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
28.08 |
47.17 |
48.29 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
14.43 |
2.35 |
14.38 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.40 |
0.73 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.74 |
0.68 |
0.65 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.52 |
0.96 |
0.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.99 |
1.52 |
1.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.17 |
0.73 |
0.66 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.65 |
3.55 |
3.71 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.50 |
4.21 |
4.03 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.22 |
6.49 |
6.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
24.53 |
19.29 |
20.03 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.81 |
1.45 |
1.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
1.77 |
1.30 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
0.34 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
28.79 |
13.74 |
11.09 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.81 |
1.45 |
1.44 |
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 |
70.097 |
70.097 |
70.097 |
|
Reserves & Surplus |
738.079 |
931.208 |
1256.731 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
808.176 |
1001.305 |
1326.828 |
|
|
|
|
|
|
Long-term borrowings |
307.446 |
404.256 |
1255.991 |
|
Short term borrowings |
451.280 |
455.076 |
412.592 |
|
Current maturities of
long-term debts |
18.892 |
103.686 |
349.535 |
|
Total
borrowings |
777.618 |
963.018 |
2018.118 |
|
Debt/Equity
ratio |
0.962 |
0.962 |
1.521 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4019.443 |
4583.022 |
5005.639 |
|
|
|
14.021 |
9.221 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
4019.443 |
4583.022 |
5005.639 |
|
Profit/ (Loss) |
161.879 |
193.129 |
325.523 |
|
|
4.03
% |
4.21
% |
6.50
% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
Yes |
|
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 |
G74108259 |
100148177 |
SREI EQUIPMENT
FINANCE LIMITED |
05/01/2018 |
- |
- |
3968694.0 |
'VISHWAKARMA', 86C,
TOPSIA ROAD,KOLKATAWE700046IN |
|
2 |
G70716311 |
100141109 |
SREI EQUIPMENT
FINANCE LIMITED |
05/10/2017 |
- |
- |
10071540.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
3 |
G70712229 |
100141098 |
SREI EQUIPMENT
FINANCE LIMITED |
29/09/2017 |
- |
- |
25663660.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
4 |
G70714043 |
100141106 |
SREI EQUIPMENT
FINANCE LIMITED |
29/09/2017 |
- |
- |
28738944.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
5 |
G70703772 |
100141218 |
SREI EQUIPMENT
FINANCE LIMITED |
29/09/2017 |
- |
- |
27144000.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
6 |
G70761697 |
100141458 |
SREI EQUIPMENT
FINANCE LIMITED |
29/09/2017 |
- |
- |
29320704.0 |
'VISHWAKARMA', 86C,
TOPSIA ROAD,KOLKATAWE700046IN |
|
7 |
G51897692 |
100119667 |
SREI EQUIPMENT
FINANCE LIMITED |
05/08/2017 |
- |
- |
20511350.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
8 |
G51897767 |
100119668 |
SREI EQUIPMENT
FINANCE LIMITED |
05/08/2017 |
- |
- |
29019739.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
9 |
G72508971 |
100143985 |
SYNDICATE BANK |
10/07/2017 |
- |
- |
4000000.0 |
MID CORPORATE
BRANCH, 1ST FLOOR , DIMOND TOWERS,ABOVE IT MALL,
KHAIRATABADHYDERABADTG500004IN |
|
10 |
G71242366 |
100141976 |
INDUSIND BANK LTD. |
30/06/2017 |
- |
- |
38640000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMA411001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances, others |
801.612 |
285.734 |
|
|
|
|
|
Total |
801.612 |
285.734 |
CORPORATE INFORMATION
The Company is an infrastructure development company formed primarily to develop, invest in and manage various initiatives in the infrastructure sector. It is presently engaged in the development of various infrastructure projects in transportation. It is also engaged in carrying out operations and maintenance (“O&M”) activities for the transportation sector projects.
STATE OF AFFAIRS
The Company is engaged in the business of Civil Construction of National Highways/Roads. There has been no change in the business of the Company during the financial year ended 31st March 2017.
There has been no change in the nature of business carried on by the Company during the year, from the last financial year The highlights of the Company’s Performance are as under:
Revenue from operations increased by 108.86%, from INR 4611.512 million to INR 5020.123 million, and they are expecting a turnover of INR 6000.000 million for FY 2017-18
The increase in revenue and net profit as mentioned above is accredited to increase in turnover in comparison to the last financial year The Company has got Orders worth INR 184.342 million on hand for execution.
Net profit of the Company increased by 168.55%, from INR 193.129 million to INR 325.523 million
FIXED ASSETS:
·
Land
·
Buildings
·
Furniture and fixtures
·
Plant and equipment
·
Vehicles
·
Office equipment
·
Computer equipment’s
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 64.37 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.90 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SWT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
NO |
|
--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.