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|
MIRA INFORM REPORT
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Report No. : |
491241 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
NATHANI PAREKH CONSTRUCTIONS PRIVATE LIMITED |
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|
Registered
Office : |
101, 1st Floor, Nathani Heights, DB Road and Belasis Road, Opposite Mumbai Central Railway Station, Mumbai -400008, Maharashtra |
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Tel. No.: |
91-22-40463333 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
24.07.2006 |
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Com. Reg. No.: |
11-163227 |
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Capital
Investment / Paid-up Capital : |
INR 25.492 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U45201MH2006PTC163227 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCN3320K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
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 |
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Maximum Credit Limit : |
USD 507000 |
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Status : |
Yet to commence its commercial operations |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006. The company is engaged in the construction business and its current under construction projects are Nathani Heights also known as Dalal Estate Project at Mumbai Central and Nathani Residency view at Agripada which is also known as Saboowala Project. The company has not generated revenue from its operations during the year under the review. However, the saboowala project has completed more than 25% of the WIP of the estimated cost of the project. This project will mostly be completed by 31. 03.2018. Nathani Heights is also completed more than 25% of the WIP of the estimated cost of the project. This project will mostly be completed by 31.03.2020. Rating is also constrained on account of high debt balance sheet profile of the company. Business is active. Payment seems to be unknown. In view of aforesaid, 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 |
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 12.02.2018
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 DECLINED
Management non-cooperative (Tel No.:91-22-40463333)
LOCATIONS
|
Registered Office : |
101, 1st Floor, Nathani Heights, DB Road and Belasis Road, Opposite Mumbai Central Railway Station, Mumbai -400008, Maharashtra |
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Tel. No.: |
91-22-40463333 |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sabir Yasin Nirban |
|
Designation : |
Director |
|
Address : |
292, 2nd Floor, Abdul Rehman Street, Mumbai - 400003,
Maharashtra, India |
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Date of Birth/Age : |
09.05.1966 |
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Date of Appointment : |
01.10.2012 |
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DIN No.: |
00228611 |
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|
|
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Name : |
Mr. Abdul Hamid Abdul Majid Nathani |
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Designation : |
Director |
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Address : |
Flat No.312, 31st Floor, Kalpataru Heights, Dr. A L Nair
Road, Near Agripada Police Station, Mumbai - 400011, Maharashtra, India |
|
Date of Birth/Age : |
04.02.1968 |
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Date of Appointment : |
24.07.2006 |
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DIN No.: |
00246084 |
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|
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Name : |
Mr. Maqsood Abdul Majid Nathani |
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Designation : |
Director |
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Address : |
801/802, United Crystal, Meghraj Sethi Marg, Opposite Baby
Garden, Agripada, Mumbai - 400008, Maharashtra, India |
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Date of Birth/Age : |
09.12.1972 |
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Date of Appointment : |
24.07.2006 |
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DIN No.: |
00246129 |
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Name : |
Mr. Abdulrashid Abdul Majid Nathani |
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Designation : |
Director |
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Address : |
22/B, Belvedre Court, Opposite Police Station, Sane Guruji
Marg Agripada, Mumbai - 400011, Maharashtra, India |
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Date of Birth/Age : |
20.05.1969 |
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Date of Appointment : |
24.07.2006 |
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DIN No.: |
00603725 |
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|
|
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Name : |
Mr. Nadeem Kassam Supariwala |
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Designation : |
Director |
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Address : |
Firdaus Co-Operative Housing Society, 3rd Floor, Flat No. 8, 10 Motilabai Street, Agripada, Mumbai- 400011, Maharashtra, India |
|
Date of Appointment : |
24.07.2006 |
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DIN No.: |
01515016 |
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Name : |
Mr. Aasif Kassam Supariwala |
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Designation : |
Director |
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Address : |
10, Mottibai Street, Firdaus Apartment 3rd Floor, Agripada, Mumbai -400011, Maharashtra, India |
|
Date of Appointment : |
24.07.2006 |
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DIN No.: |
01670275 |
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|
|
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Name : |
Shadab Asif Supariwala |
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Designation : |
Director |
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Address : |
R. No. 10, 3rd Floor, Firdous Appartment, Motlibai Street, Agripada, Mumbai- 400011, Maharashtra, India |
|
Date of Appointment : |
08.03.2016 |
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DIN No.: |
02090331 |
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|
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Name : |
Mr. Kafeel Abdul Rashid Nathani |
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Designation : |
Director |
|
Address : |
F. No. 22/B 22nd Floor Belvedere Court Sane Guruji Marg, Near Agripada Police Station, Mumbai- 400011, Maharashtra, India |
|
Date of Appointment : |
22.06.2015 |
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DIN No.: |
07218839 |
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Name : |
Nomaan Abdul Hamid Nathani |
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Designation : |
Director |
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Address : |
Kalpataru Heights Flat No 312, 31st Floor, Dr Nair Road, Agripada, Mumbai- 400011, Maharashtra, India |
|
Date of Appointment : |
22.06.2015 |
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DIN No.: |
07218851 |
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Name : |
Mr. Haseeb Abdul Hamid Nathani |
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Designation : |
Director |
|
Address : |
Kalpatru Heights, Flat No. 312, 31st Floor, Dr. A. Niar Road, Agripada, Mumbai- 400011, Maharashtra, India |
|
Date of Appointment : |
13.02.2017 |
|
DIN No.: |
07732167 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Maqsood Abdul Majid Nathani |
356000 |
|
Abul Hamid Abdul Majid Nathani |
565000 |
|
Abdul Majid Haji Mohammed Nathani |
256000 |
|
Abdul Rashid Abdul Majid Nathani |
356000 |
|
Nadeem Kassam Supariwala |
408150 |
|
Aasif Kassam Supariwala |
438000 |
|
Nasreen Aasif Supariwala |
170050 |
|
Total |
2549200 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction Activity (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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Umesh M Bhat and Company Chartered Accountants |
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Address : |
201, Rehman House, Nadirshah Sukhia Street, Off. Cawasji Patel Street,
Fort, Mumbai-400001, Maharashtra, India |
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Tel. No.: |
91-22-40024897 |
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Mobile No.: |
91-9820624897 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AACPB9074F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 28.09.2017
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 |
|
|
|
|
|
|
2549200 |
Equity Shares |
INR 10/- each |
INR 25.492 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
25.492 |
25.492 |
25.492 |
|
(b) Reserves & Surplus |
152.063 |
131.791 |
102.987 |
|
(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) |
177.555 |
157.283 |
128.479 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2700.545 |
2210.689 |
1389.366 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
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) |
2700.545 |
2210.689 |
1389.366 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
984.213 |
970.157 |
828.750 |
|
(b) Trade
payables |
1841.241 |
1181.171 |
664.062 |
|
(c) Other
current liabilities |
86.904 |
46.165 |
19.886 |
|
(d) Short-term
provisions |
12.323 |
7.757 |
44.499 |
|
Total Current
Liabilities (4) |
2924.681 |
2205.250 |
1557.197 |
|
|
|
|
|
|
TOTAL |
5802.781 |
4573.222 |
3075.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.377 |
5.323 |
10.575 |
|
(ii)
Intangible Assets |
0.036 |
0.110 |
0.335 |
|
(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 |
150.000 |
150.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.062 |
2.232 |
7.079 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
160.475 |
157.665 |
17.989 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5184.482 |
4094.108 |
2722.795 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
45.089 |
11.215 |
35.808 |
|
(e)
Short-term loans and advances |
412.735 |
310.234 |
298.450 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5642.306 |
4415.557 |
3057.053 |
|
|
|
|
|
|
TOTAL |
5802.781 |
4573.222 |
3075.042 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
7.811 |
5.181 |
1.157 |
|
|
TOTAL |
7.811 |
5.181 |
1.157 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.811 |
5.181 |
1.157 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
7.811 |
5.181 |
1.157 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.811 |
5.181 |
1.157 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.811 |
5.181 |
1.157 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.06 |
2.03 |
0.45 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.05 |
0.95 |
0.11 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.97 |
0.97 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
20.75 |
20.22 |
17.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
16.47 |
14.02 |
12.12 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.04 |
0.03 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.13 |
0.11 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.40 |
3.29 |
0.90 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.93 |
2.00 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.16 |
0.15 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.03 |
0.03 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
144.55 |
124.78 |
87.01 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.93 |
2.00 |
1.96 |
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 |
25.492 |
25.492 |
25.492 |
|
Reserves & Surplus |
102.987 |
131.791 |
152.063 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
128.479 |
157.283 |
177.555 |
|
|
|
|
|
|
long-term borrowings |
1389.366 |
2210.689 |
2700.545 |
|
Short term borrowings |
828.750 |
970.157 |
984.213 |
|
Total
borrowings |
2218.116 |
3180.846 |
3684.758 |
|
Debt/Equity
ratio |
17.264 |
20.224 |
20.753 |
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 |
|
Total Income |
1.157 |
5.181 |
7.811 |
|
|
|
347.796 |
50.762 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
1.157 |
5.181 |
7.811 |
|
Profit |
1.157 |
5.181 |
7.811 |
|
|
100.00% |
100.00% |
100.00% |
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 |
No |
|
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 |
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 |
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 |
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 |
CORPORATE
INFORMATION
The company is a private limited company is engaged in the business of
real estate development having registered office in Mumbai. Presently two
redevelopment projects are being developed one at Mumbai Central i.e. Nathani
Heights also known as Dalal Estate Projects and the other at nathani Residency
view at agripada, also known as Saboowala Projects.
REVIEW OF OPERATIONS:
The company has commenced its prestigious project at Mumbai Central. Contract for civil work has been awarded to GAMMON INDIA Limited Apart from this, leading consultants have also been appointed for the completing project in time.
No Profit & Loss Account is prepared as no revenue has been generated, However the Saboowala Project known as Nathani Residency has completed more than 25 % of the WIP of the estimated cost of the project. Hence income of INR 2.500 million on estimated basis is offered for tax. The Nathani Residency project is most likely to complete by 31.03.2018. Similarly for Dalal Estate known as Nathani Heights project which is also completed more than 25% of the WIP of the estimated cost of the project. Hence income of INR 10.000 million on estimated basis is offered for tax. The Nathani Heights project is most likely to complete by 31.03.2020.
UNSECURED LOAN
|
Particulars |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
SHORT TERM
BORROWING |
|
|
|
Loans and Advance from directors and shareholders repayable on demand |
|
|
|
Abdul Hamid Abdul Majid Nathani |
5.044 |
3.438 |
|
Abdul Rashid A M Nathani |
2.304 |
1.826 |
|
Maqsood Abdul Majid Nathani |
4.938 |
4.090 |
|
Nadeem Kassam Supariwala |
3.484 |
4.015 |
|
Haseeb Abdul Hamid Nathani |
0.050 |
0.000 |
|
Kafeel Abdul Rashid Nathani |
0.085 |
0.047 |
|
Noman Abdul Hamid Nathani |
0.085 |
0.047 |
|
Shadad Asif Suparlwala |
0.066 |
0.047 |
|
|
|
|
|
Loans and advance from directors and shareholders |
|
|
|
Aasif Kassam Supariwala |
614.661 |
569.023 |
|
Abdul Hamid Abdul Majid Nathani |
112.943 |
62.585 |
|
Abdul majid HM Nathani |
4.100 |
4.100 |
|
Abdul Rashid A M Nathani |
8.321 |
8.395 |
|
Maqsood Abdul Majid Nathani |
13.750 |
13.750 |
|
Nadeem Kassam Supariwala |
214.382 |
298.794 |
|
Total |
984.213 |
970.157 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
C72824097 |
10607092 |
L & T FINANCE LIMITED |
25/11/2015 |
- |
- |
850000000.0 |
L&T HOUSE,BALLARD ESTATE, MUMBAI-400001 MAHARASHTRA, INDIA |
|
2 |
C72824626 |
10607094 |
L&T Housing Finance Limited |
25/11/2015 |
- |
- |
450000000.0 |
L&T HOUSE, NAROTTAM MORARJI MARGBALLARD ESTATE MUMBAI-400001 MAHARASHTRA, INDIA |
|
3 |
C72823826 |
10607091 |
FAMILY CREDIT LIMITED |
25/11/2015 |
- |
- |
700000000.0 |
TECHNOPOLIS, 7TH FLOOR, A- WING, PLOT NO. - 4,BLOCK - BP, SECTOR -V, SALT LAKE KOLKATA-700091 WEST BENGAL |
|
4 |
C72824386 |
10607093 |
L&T FinCorp Limited |
25/11/2015 |
- |
- |
1150000000.0 |
L & T HOUSE, BALLARD ESTATE,MUMBAI-400001 MAHARASHTRA, INDIA |
|
5 |
C71418222 |
10398340 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
29/11/2012 |
- |
30/11/2015 |
1615000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORT MUMBAI-400001 MAHARASHTRA, INDIA |
|
6 |
B84196146 |
10320074 |
INDIAN OVERSEAS BANK |
09/11/2011 |
- |
04/09/2013 |
400000000.0 |
FORT BRANCH, TAMARIND HOUSE30 & 32, TAMARIND LANE, FORT MUMBAI-400023 MAHARASHTRA, INDIA |
FIXED ASSETS
- Computer
- Laptop
- Television
- Camera
- Mobile
- Furniture and
Fixture
- Sofa
- Air
Conditioner
- Typrwriter
- Scanner
- Micro oven
- Fax machine
- Xerox machine
- Micro oven
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 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
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.