|
|
|
MIRA INFORM REPORT
|
Report No. : |
491781 |
|
Report Date : |
12.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CORPORATE IT PARK LIMITED (w.e.f. 10.03.2008) |
|
|
|
|
Formerly Known
As : |
RELENE PETROCHEMICALS LIMITED RELENE PETROCHEMICALS PRIVATE LIMITED
(w.e.f. 15.04.2004) REAL EXPERT RESOURCES PRIVATE LIMITED
(w.e.f. 22.09.2003) DREAM CONSULTANCY SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Reliance Corporate Park, Building No. 4, 5 TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-44770000 |
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|
|
|
Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of Incorporation
: |
02.04.2001 |
|
|
|
|
Com. Reg. No.: |
11-131458 |
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Capital
Investment / Paid-up Capital : |
INR 29749.900 Million |
|
|
|
|
GSTIN: |
Not Divulged |
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|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2001PLC131458 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR17044G |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCD7169H |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject engaged in the business of providing various support services including IT support services, Business and Infrastructure support services and Manpower Support services.. (Registered Activity) |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Exists |
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|
|
Comments : |
Subject is part of “Reliance MD Group”. The Company was incorporated
in the year 2001. For the financial year 2016, the revenue of the company has decreased
by 24.26% but has managed to maintain average profit margin of 1.99%. The moderate financial profile of the company is marked negative
reserve base due to huge accumulated losses along with comfortable debt
coverage indicators. However, rating takes into consideration strong financial and
managerial support that company receives from its folding entity backed by
its well experienced management team. Business is active. Payments seems to be slow but correct. In view of strong support from its holding, the company can be
considered for business dealings at usual trade terms and conditions. Note: As per the registrar of Companies date of balance sheet (i.e.
financial filed) is shown as 31.03.2017 but documents related to financial
for the year 31.03.2017 are not available from any sources. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term (AAA) |
|
Rating Explanation |
Highest degree of safety and carry lowest Credit risk. |
|
Date |
16.01.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term (A1+) |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
16.01.2018 |
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 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. 91-22-44770000/ 44775000)
LOCATIONS
|
Registered Office : |
Reliance Corporate Park, Building No. 4, 5 TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-44770000/ 44775000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Projects or
programs undertaken in local area |
|
DIRECTORS
As on 31.03.2016
|
Name : |
Mr. Shivkumar Ramanand Bhardwaj |
|
Designation : |
Director |
|
Address : |
Tytan, 18th Floor, Napeansea Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
01.10.1944 |
|
Qualification : |
MA, LLB |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
00001584 |
|
|
|
|
Name : |
Mr. Rohit Chhannalal Shah |
|
Designation : |
Director |
|
Address : |
B Wing Flat No 901-902, Shankar Park,, Shankar Lane , Kandivali (West), Opposite Suman Apartment, Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1954 |
|
Qualification : |
Company Secretary and LLB |
|
Date of Appointment : |
02.04.2001 |
|
DIN No.: |
00006087 |
|
|
|
|
Name : |
Mr. Chandrakant Shripad Gokhale |
|
Designation : |
Director |
|
Address : |
A-301, Falcon Castle, Lower Parel, N. M. Joshi Marg, Mumbai - 400013, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1944 |
|
Qualification : |
B Sc., MBA and Ph. D. |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
00012666 |
|
|
|
|
Name : |
Mr. Virenderkumar Gandhi |
|
Designation : |
Director |
|
Address : |
15/1101, Seawoods Estates, Nri Complex, Sect-54, 56 and 58, Palm Beach Road, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1955 |
|
Qualification : |
CA, ICWA |
|
Date of Appointment : |
12.10.2011 |
|
DIN No.: |
00012921 |
|
|
|
|
Name : |
Mr. Arvind Bhushan Modgil |
|
Designation : |
Director |
|
Address : |
9/202, Sea Breeze Cooperative Housing Society, Sector No.16, Plot No.16, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1949 |
|
Qualification : |
B Tech Mechanical Engineer |
|
Date of Appointment : |
13.09.2004 |
|
DIN No.: |
00023544 |
|
|
|
|
Name : |
Mr. Komal Mohandas Chhapru |
|
Designation : |
Director |
|
Address : |
Sai Rachna Apartment, Flat No. 302, Opposite Sadhubella High School, Ulhasnagar, Mumbai - 421001, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1984 |
|
Qualification : |
CS, LLB |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07146141 |
KEY EXECUTIVES
|
Name : |
Mr. Ramakant Singru |
|
Designation : |
Manager |
|
Address : |
Keshav Row House, Plot No.75, Sector 3, Koparkhairane, Navi Mumbai - 400709, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1960 |
|
Qualification : |
Masters in Personnel Management |
|
Date of Appointment : |
08.09.2014 |
|
PAN No.: |
AEIPS0671P |
|
|
|
|
Name : |
Mr. Rajagopal Subramanian |
|
Designation : |
Chief Financial Officer |
|
Address : |
401, Hansraj Co-Operative Hosuing Society, Plot No. 25, Sector 42, Nerul, Navi Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1962 |
|
Qualification : |
ICWA , CS |
|
Date of Appointment : |
08.09.2014 |
|
PAN No.: |
AGOPS9914K |
|
|
|
|
Name : |
Mrs. Radhika Shankar Thorat |
|
Designation : |
Company Secretary |
|
Address : |
405, Samarth Mandir Bogada Parisar, Mangalvar Peth, Satara Satara-415002, Maharashtra, India |
|
Date of Appointment : |
14.10.2016 |
|
PAN No.: |
AHEPT4831D |
|
|
|
|
Name : |
Shashikala Rao and Company |
|
Designation : |
Company Secretaries |
|
Address : |
4112, "C" Wing, Oberoi Garden Estate, Chandivali Farm Road, Off. : Saki Vihar Road, Andheri (East), Mumbai – 400072, Maharashtra, India |
|
Tel. No: |
91-22-42951866 |
|
Email: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Commercial Land and Infrastructure Limited, India |
|
2379994080 |
|
*Arun K Jain jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
*K Sethuraman
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
*Indubhai Sheth jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
*Sridhar
Kothandaraman jointly with Reliance Commercial Land and Infrastructure
Limited, India |
|
50 |
|
*Raj Mullick jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
*Sudhakar Saraswatula jointly with Reliance Commercial Land and
Infrastructure Limited, India |
|
50 |
|
Total |
|
2379994480 |
*Note: Beneficial Interest in the shares are held by Reliance
Commercial Land and Infrastructure Limited
|
Names of Shareholders (6% Preference Shares) |
No. of Shares |
|
Reliance
Commercial Land and Infrastructure Limited, India |
594998620 |
|
|
|
|
Total |
594998620 |
|
Names of Shareholders (9% Preference Shares) |
No. of Shares |
|
Reliance
Commercial Land and Infrastructure Limited, India |
330770000 |
|
Reliance
Petroinvestments Limited, India |
180100000 |
|
Total |
510870000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters - Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in the business of providing various support services including IT support services, Business and Infrastructure support services and Manpower Support services.. (Registered Activity) |
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Products : |
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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 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
Note: Long-term
Borrowings Secured against leased asset |
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Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers, 212 Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
|
|
|
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Memberships : |
Not Available |
|
|
|
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Collaborators : |
Not Available |
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|
|
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Holding Companies : |
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|
Ultimate Holding Company
: |
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Subsidiary
Companies : |
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|
Associate : (As on
31.03.2016) |
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|
Fellow Subsidiary
Companies : (As on 31.03.2016) |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2700308000 |
Equity Shares |
INR 10/- each |
INR 27003.080 Million |
|
1400000000 |
Preferences Shares |
INR 10/- each |
INR 14000.000 Million |
|
|
|
|
|
|
|
TOTAL |
|
INR 41003.080
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2379994480 |
Equity Shares |
INR 10/- each |
INR
23799.945 Million |
|
1105868620 |
Preferences Shares |
INR 10/- each |
INR
11058.686 Million |
|
|
|
|
|
|
|
Total |
|
INR 34858.631 Million |
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3495300000 |
Equity Shares |
INR 10/- each |
INR 34953.000 Million |
|
605008000 |
Preferences Shares |
INR 10/- each |
INR 6050.100 Million |
|
|
|
|
|
|
|
TOTAL |
|
INR 41003.100
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2379994480 |
Equity Shares |
INR 10/- each |
INR
23799.900 Million |
|
594998620 |
Preferences Shares |
INR 10/- each |
INR 5950.000
Million |
|
|
|
|
|
|
|
Total |
|
INR 29749.900 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29749.900 |
29749.900 |
29763.200 |
|
(b) Reserves and Surplus |
(508.400) |
(1524.900) |
(1122.500) |
|
(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) |
29241.500 |
28225.000 |
28640.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
43713.900 |
30060.400 |
10578.300 |
|
(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) |
43713.900 |
30060.400 |
10578.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
9923.700 |
6454.400 |
3972.000 |
|
(c) Other
current liabilities |
10661.200 |
4359.600 |
943.800 |
|
(d) Short-term
provisions |
288.200 |
168.100 |
120.400 |
|
Total Current
Liabilities (4) |
20873.100 |
10982.100 |
5036.200 |
|
|
|
|
|
|
TOTAL |
93828.500 |
69267.500 |
44255.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
24065.300 |
23763.500 |
22891.100 |
|
(ii)
Intangible Assets |
2734.100 |
2880.100 |
1859.100 |
|
(iii) Tangible assets
capital work-in-progress |
42089.700 |
20202.300 |
7751.400 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.400 |
1.200 |
42.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
5969.800 |
5512.200 |
4059.800 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
74870.300 |
52359.300 |
36604.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
492.500 |
1273.000 |
514.500 |
|
(c) Trade
receivables |
7993.300 |
8770.300 |
3881.700 |
|
(d) Cash and
bank balances |
1.200 |
21.400 |
23.800 |
|
(e)
Short-term loans and advances |
10350.500 |
6835.700 |
3224.100 |
|
(f) Other
current assets |
120.700 |
7.800 |
7.100 |
|
Total
Current Assets |
18958.200 |
16908.200 |
7651.200 |
|
|
|
|
|
|
TOTAL |
93828.500 |
69267.500 |
44255.200 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
51201.000 |
67601.000 |
36543.900 |
|
|
Other Income |
72.900 |
21.000 |
31.800 |
|
|
TOTAL (A) |
51273.900 |
67622.000 |
36575.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1113.300 |
(697.000) |
(416.200) |
|
|
Employee benefit expense |
14199.300 |
11286.900 |
8594.000 |
|
|
CSR expenditure |
2.300 |
2.000 |
0.000 |
|
|
Other expenses |
31813.700 |
54362.300 |
26952.600 |
|
|
TOTAL (B) |
47128.600 |
64954.200 |
35130.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
4145.300 |
2667.800 |
1445.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
249.900 |
377.100 |
87.800 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
3895.400 |
2290.700 |
1357.500 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2603.100 |
2132.300 |
1273.200 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
1292.300 |
158.400 |
84.300 |
|
|
|
|
|
|
|
Less |
TAX (H) |
275.800 |
33.200 |
16.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1016.500 |
125.200 |
67.500 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
63.600 |
62.500 |
297.000 |
|
|
TOTAL EARNINGS |
63.600 |
62.500 |
297.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
3233.000 |
1446.400 |
1970.100 |
|
|
TOTAL IMPORTS |
3233.000 |
1446.400 |
1970.100 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
|
|
|
Basic |
0.43 |
0.05 |
0.03 |
|
|
Diluted
|
0.34 |
0.04 |
0.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
7135.900 |
(2776.700) |
1413.600 |
|
Net cash flows from (used in) operating activities |
6712.600 |
(3806.800) |
1244.700 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
56.98 |
47.35 |
38.77 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.41 |
7.71 |
9.41 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
8.42 |
2.10 |
2.81 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.06 |
0.06 |
0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.69 |
0.59 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.49 |
1.07 |
0.37 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.71 |
0.39 |
0.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.36 |
1.66 |
1.13 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
16.59 |
7.07 |
16.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.99 |
0.19 |
0.18 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.08 |
0.18 |
0.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.48 |
0.44 |
0.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.91 |
1.54 |
1.52 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.88 |
1.42 |
1.42 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.31 |
0.41 |
0.65 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.47 |
1.01 |
0.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.91 |
1.54 |
1.52 |
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 |
29763.200 |
29749.900 |
29749.900 |
|
Reserves & Surplus |
(1122.500) |
(1524.900) |
(508.400) |
|
Net worth |
28640.700 |
28225.000 |
29241.500 |
|
|
|
|
|
|
Long-term borrowings |
10578.300 |
30060.400 |
43713.900 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
10578.300 |
30060.400 |
43713.900 |
|
Debt/Equity ratio |
0.369 |
1.065 |
1.495 |
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 |
36543.900 |
67601.000 |
51201.000 |
|
|
|
84.986 |
(24.260) |
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 |
36543.900 |
67601.000 |
51201.000 |
|
Profit/ (Loss) |
67.500 |
125.200 |
1016.500 |
|
|
0.18% |
0.19% |
1.99% |
LEGAL CASES
|
|
|
Case Details |
|||||||||
|
Bench:-Bombay |
|||||||||
|
Presentation Date:- |
13/07/2017 |
||||||||
|
Lodging No.:- |
CHSCDL/150/2017 |
Filing Date:- |
13/07/2017 |
Reg. No.:- |
CHSCD/133/2017 |
Reg. Date:- |
27/07/2017 |
||
|
Main Matter |
|
Lodging No.:- |
Reg No.:- |
CARBP/18/2016 |
|
Petitioner:- |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
Respondent:- |
RELIANCE CORPORATE IT PARK LIMITED |
|
Petn.Adv.:- |
MDP AND PARTNERS (O) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
CHAMBER SUMMONS IN COMMERCIAL DIVISION
MATTERS |
|
Act :- |
Arbitration and Conciliation Act 1996 |
|
|
|
Case Details |
|
Bench:-Bombay |
|
Presentation Date:- |
29/09/2017 |
|
Case Details |
|
Bench:-Bombay |
|
Presentation Date:- |
29/09/2017 |
||||||||
|
Lodging No.:- |
ITXAL/2517/2017 |
Filing Date:- |
29/09/2017 |
||||||
|
Petitioner:- |
THE PR. COMMISSIONER OF INCOME TAX – 3- |
Respondent:- |
RELIANCE CORPORATE IT PARK LIMITED |
|
Petn.Adv.:- |
PADMA DIVAKAR (I3287) |
Resp.Adv.:- |
RAJ BANSHILAL DARAK (I5522) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Last Date:- |
18/01/2018 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS AND THE STATE OF COMPANY’S AFFAIRS
(As on 31.03.2016)
The Company is engaged in the business of providing various support services including IT support services, Business and Infrastructure support services and Manpower Support services. During the year, the Company achieved total turnover of INR 51201.000 Million, as compared to INR 67601.000 Million of previous year and posted Profit after Tax of INR 1016.500 Million, as compared to INR 125.200 Million of previous year and has scaled new heights in terms of profits.
NOTE: The registered office of the company has been shifted
from 3rd
Floor, Court House, Lokmanya Tilak Marg,
Dhobi Talao, Mumbai – 400002, Maharashtra, India to the present address w.e.f.
01.07.2013
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
|
1 |
B11904406 |
10197781 |
AXIS TRUSTEE SERVICES LIMITED |
01/02/2010 |
13/04/2011 |
- |
494627000.0 |
Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai-400025I, Maharashtra, India |
|
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Outstanding guarantees furnished to Banks and Financial Institutions including in respect of Letters of credit. |
125.500 |
26.100 |
|
Claims against the Company / disputed liabilities not acknowledged as debts |
185.400 |
185.400 |
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
43710.000 |
29977.700 |
|
|
|
|
|
Total |
43710.000 |
29977.700 |
FIXED ASSETS
- Leasehold Land
- Freehold Land
- Buildings
- Plant and Machinery
- Equipments
- Computers, Servers and Others
- Furniture and Fixtures
- Vehicles
- Computer Equipments
- Software
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 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.