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|
MIRA INFORM REPORT
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Report No. : |
491101 |
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Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUGEE DEVELOPERS PRIVATE LIMITED |
|
|
|
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Registered
Office: |
3rd Floor, Nirlon House, Dr. Annie Besant Road, Worli,
Mumbai-400030, Maharashtra |
|
Tel. No.: |
91-22-24993333 |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
29.06.2010 |
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Com. Reg. No.: |
11-205004 |
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Capital
Investment / Paid-up Capital : |
INR 20.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U45202MH2010PTC205004 |
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|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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GST No.: |
27AAOCS8625C1Z3 |
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TAN No.: |
Not Available |
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PAN No.: [Permanent Account No.] |
AAOCS8625C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Construction and Development, Real Estate Development and related activities. (Registered Activity and also Confirmed by Management) |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 44200 INR 3097600 |
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|
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Sugee Developers Private Limited (SDPL) is engaged in developing of
real estate properties. The company was incorporated in the year 2010 and is
based in Mumbai, Maharashtra. It is an established company having moderate
track records. Management of the company has not filed its financials with the
government department for the year 2017. As per available financial of 2016, the company has achieved decent
revenue and reported profit margin at 1.69% (approx.) from its first year of
business operation. However, the rating is constrained on account of accumulated losses
registered by the company, entity’s presence in the competitive and cyclical
real estate industry and company’s limited track record of business
operation. Trade relations are reported as fair. Business is active. Payments
terms are seems to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating=BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
February, 2018 |
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 : |
Ms. Deepika |
|
Designation : |
Human Resource Manager |
|
Contact No.: |
91-22-24993333 |
|
Date : |
08.02.2018 |
LOCATIONS
|
Registered Office : |
3rd Floor, Nirlon House, Dr. Annie Besant Road, Worli,
Mumbai-400030, Maharashtra, India |
|
Tel. No.: |
91-22-24993333 |
|
Mobile No: |
91-9819323545 [Mr. Deepak] |
|
Fax No.: |
91-22-24390400 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nitin Pratap Salunkhe |
|
Designation : |
Director |
|
Address : |
704/B, Rajadhiraj Shri Satguru Nagar, Devipada, Sant Gorakumbhar Marg, Borivali (East). Mumbai - 400066, Maharashtra, India |
|
Date of Birth: |
16.07.1978 |
|
Date of Appointment : |
26.06.2010 |
|
DIN No.: |
02040526 |
|
|
|
|
Name : |
Mr. Anand Bhadresh Gandhi |
|
Designation : |
Director |
|
Address : |
21/B, Daya Niwas, 137, S.K. Bole Road, Dadar (West), Mumbai - 400028, Maharashtra, India |
|
Date of Birth: |
02.12.1976 |
|
Date of Appointment : |
01.11.2012 |
|
DIN No.: |
03107289 |
KEY EXECUTIVES
|
Name : |
Ms. Deepika |
|
Designation : |
Human Resource Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Nishant Deshmukh |
1439999 |
72.00 |
|
Nitin Salunkhe |
280000 |
14.00 |
|
Anand B Gandhi |
280000 |
14.00 |
|
Suchitra Deshmukh |
1 |
0.00 |
|
|
|
|
|
Total |
2000000 |
100.00 |
AS ON 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Construction and Development, Real Estate Development and related activities. (Registered Activity and also Confirmed by Management) |
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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 : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Cheque and Others [RTGS] |
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Purchasing : |
Cheque and Others [RTGS] |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Others [Builders]
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· State Bank of India |
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Facilities : |
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Financial Institution: |
· Dmi Finance Private Limited Ashi Bhawan, Ground Floor,19, Rouse Avenue, New Delhi - 110002, India · Muthoot Fincorp Limited |
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|
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Auditors : |
|
|
Name : |
Mr. Amit Jain Chartered Accountant |
|
Address : |
67, 3rd Floor, Chohotalal Bhuvan, 418, Kalbhadevi Road, Mumbai-400002,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPJ4592K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Sugee Renewable Energy Private Limited (U74120MH2012PTC228074) |
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|
Enterprise under significant influence of Key Management Personnel or
their relatives : |
· Sugee Enterprises Private Limited · Sugee Developers · Sugee One Developers Private Limited · Sugee Builders Private Limited · Sugee Estates Private Limited · Sugee Realtors Private Limited · Sugee Four Developers LLP · Sugee Vinayak Developers LLP · Sugee Three Developers LLP · Sugee Two Developers LLP · Sugee Five Developers LLP · Sugee Six Developers LLP |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
(4.512) |
(5.546) |
(2.858) |
|
(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) |
15.488 |
14.454 |
17.142 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
100.780 |
82.996 |
121.956 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.170 |
|
(c)
Other long term liabilities |
177.334 |
246.665 |
207.665 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
278.114 |
329.661 |
329.791 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
10.238 |
2.676 |
1.159 |
|
(c)
Other current liabilities |
214.624 |
28.916 |
22.961 |
|
(d)
Short-term provisions |
3.494 |
0.111 |
0.000 |
|
Total
Current Liabilities (4) |
228.356 |
31.703 |
24.120 |
|
|
|
|
|
|
TOTAL |
521.958 |
375.818 |
371.053 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.046 |
1.169 |
1.393 |
|
(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 |
10.482 |
1.640 |
1.442 |
|
(c) Deferred tax assets
(net) |
0.765 |
2.080 |
0.000 |
|
(d) Long-term Loan
and Advances |
96.585 |
96.601 |
138.382 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
108.878 |
101.490 |
141.217 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
407.515 |
269.462 |
227.926 |
|
(c)
Trade receivables |
0.051 |
0.051 |
0.000 |
|
(d)
Cash and cash equivalents |
0.530 |
2.380 |
0.642 |
|
(e)
Short-term loans and advances |
4.984 |
2.435 |
1.268 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
413.080 |
274.328 |
229.836 |
|
|
|
|
|
|
TOTAL |
521.958 |
375.818 |
371.053 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
61.131 |
0.000 |
0.000 |
|
|
|
Other Income |
14.832 |
0.485 |
1.711 |
|
|
|
TOTAL (A) |
75.963 |
0.485 |
1.711 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
0.075 |
0.000 |
0.000 |
|
|
|
Other expenses |
12.789 |
4.811 |
3.708 |
|
|
|
Property development expenses |
51.566 |
0.000 |
0.080 |
|
|
|
TOTAL (B) |
64.430 |
4.811 |
3.788 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.533 |
(4.326) |
(2.077) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.024 |
0.015 |
0.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.509 |
(4.341) |
(2.081) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.545 |
0.597 |
0.369 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
10.964 |
(4.938) |
(2.450) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.929 |
(2.249) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.035 |
(2.689) |
(2.450) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
0.52 |
(1.34) |
(1.22) |
|
|
PARTICULARS |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
70.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 70.000 Million
The above information has been parted by Ms. Deepika [Human Resource
Manager]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
213.195 |
21.175 |
21.361 |
|
|
|
|
|
|
Cash Generated from/ (used in) Operations |
(112.890) |
8.244 |
(27.216) |
|
|
|
|
|
|
Net Cash Flow from / (used in) Operating Activity |
(121.504) |
8.242 |
(27.248) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.30 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1198.65 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.03 |
(0.02) |
(0.01) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
11.03 |
(3.70) |
(1.49) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
1.04 |
0.36 |
0.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
20.27 |
7.21 |
8.36 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
14.74 |
2.19 |
1.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.07 |
0.08 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
480.54 |
(288.40) |
(519.25) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.69 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.20 |
(0.72) |
(0.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.68 |
(18.60) |
(14.29) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.81 |
8.65 |
9.53 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.02 |
0.15 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.04 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
15.70 |
5.21 |
7.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.81 |
8.65 |
9.53 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
(2.858) |
(5.546) |
(4.512) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
17.142 |
14.454 |
15.488 |
|
|
|
|
|
|
long-term borrowings |
121.956 |
82.996 |
100.780 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
21.361 |
21.175 |
213.195 |
|
Total
borrowings |
143.317 |
104.171 |
313.975 |
|
Debt/Equity
ratio |
8.361 |
7.207 |
20.272 |
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 |
0.000 |
0.000 |
61.131 |
|
|
|
|
|
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 |
0.000 |
0.000 |
61.131 |
|
Profit/ (Loss) |
(2.450) |
(2.689) |
1.035 |
|
|
|
|
1.69% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
20.000 |
20.000 |
|
(b) Reserves & Surplus |
|
(4.481) |
(5.492) |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
(3) Minority Interest
|
|
0.015 |
0.027 |
|
Total
Shareholders’ Funds (1) + (2) |
|
15.534 |
14.535 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
100.780 |
82.996 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
177.334 |
246.666 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
278.114 |
329.662 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
10.238 |
2.676 |
|
(c)
Other current liabilities |
|
214.630 |
28.921 |
|
(d)
Short-term provisions |
|
3.493 |
0.110 |
|
Total
Current Liabilities (4) |
|
228.361 |
31.707 |
|
|
|
|
|
|
TOTAL |
|
522.009 |
375.904 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.046 |
1.169 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
10.482 |
1.640 |
|
(c) Deferred tax assets
(net) |
|
0.765 |
2.080 |
|
(d) Long-term Loan
and Advances |
|
96.585 |
96.601 |
|
(e)
Other Non-current assets |
|
0.000 |
0.005 |
|
Total
Non-Current Assets |
|
108.878 |
101.495 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
407.515 |
269.462 |
|
(c)
Trade receivables |
|
0.050 |
0.050 |
|
(d)
Cash and cash equivalents |
|
0.577 |
2.457 |
|
(e)
Short-term loans and advances |
|
4.984 |
2.435 |
|
(f)
Other current assets |
|
0.005 |
0.005 |
|
Total
Current Assets |
|
413.131 |
274.409 |
|
|
|
|
|
|
TOTAL |
|
522.009 |
375.904 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
61.131 |
0.000 |
|
|
|
Other Income |
|
14.832 |
0.485 |
|
|
|
TOTAL (A) |
|
75.963 |
0.485 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
|
0.075 |
0.000 |
|
|
|
Other expenses |
|
12.846 |
4.827 |
|
|
|
Property development expenses |
|
51.565 |
0.000 |
|
|
|
TOTAL (B) |
|
64.486 |
4.827 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
11.477 |
(4.342) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
11.477 |
(4.342) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.550 |
0.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
|
10.927 |
(4.944) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
9.929 |
(2.249) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
|
0.998 |
(2.695) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
|
0.50 |
(1.35) |
|
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 |
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 |
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 |
G54586698 |
100124965 |
State Bank of India |
18/09/2017 |
- |
- |
140000000.0 |
SME Backbay Branch, Mittal Court, B WingGround Floor, Nariman PointMumbaiMH400021IN |
|
2 |
G45282621 |
100101265 |
DMI FINANCE PRIVATE LIMITED |
10/04/2017 |
- |
- |
100000000.0 |
Express Building, 3rd Floor9-10, Bahadur Shah Zafar MargNew DelhiMH402112IN |
|
3 |
G10252245 |
100046661 |
MUTHOOT FINCORP LIMITED |
22/07/2016 |
- |
- |
270000000.0 |
MUTHOOT CENTRE, TC NO 14/2074- 7PUNNEN ROADTRIVANDRUMKe695034IN |
|
4 |
G09524109 |
10586782 |
DMI FINANCE PRIVATE LIMITED |
28/07/2015 |
- |
20/07/2016 |
220000000.0 |
ASHI BhawanGround Floor,19, Rouse AvenueNew DelhiDL110002IN |
|
5 |
C60966140 |
10564003 |
BANK OF MAHARASHTRA |
13/04/2015 |
- |
29/07/2015 |
175000000.0 |
Nariman Point, Overseas BranchMittal Court, Gr. Floor, Naraman PointMUMBAIMH400021IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From related parties |
69.948 |
7.491 |
|
Intercorporate deposits |
30.832 |
59.030 |
|
|
|
|
|
Total |
100.780 |
66.521 |
COMPANY BACKGROUND
The company is a private limited company incorporated under the
Companies Act, 1956. The company is engaged in the business and developing real
estate property.
OPERATIONS
The company’s profit for the period 2015-16 is to INR 1.035 million as
against loss of INR 2.689 million in the previous year.
CHANGE OF ADDRESS:
As claimed by Ms. Deepika [Human Resource] that the Registered address
of the company has been shifted from 102, Suraj Prakash Building, 86, Shankar
Ghanekar Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India to the present
address
FIXED ASSETS:
Tangible Assets
·
Office Equipment’s
·
Air Conditioner
·
Camera
·
Telephone
·
Computer
·
Furniture and Fittings
·
Furniture
·
Vehicle
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 64.37 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.