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MIRA INFORM REPORT
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Report No. : |
491049 |
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Report Date : |
17.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BRAMHACORP LIMITED (w.e.f. 29.10.2013) |
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Formerly Known
As : |
BRAMHACORP PRIVATE LIMITED (w.e.f. 04.09.2013) BRAMHACORP INFRASTRUCTURES PRIVATE LIMITED |
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Registered
Office : |
3, Queens Garden, Residency Club, Pune – 411001, Maharashtra |
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Tel. No.: |
91-20-41423333 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
27.03.2012 |
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Com. Reg. No.: |
11-142705 |
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Capital
Investment / Paid-up Capital : |
INR 359.889 Million |
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CIN No.: [Company Identification
No.] |
U70101PN2012PLC142705 |
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IEC No.: |
Not Divulged |
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GST No.: |
27AAFCB0273N1ZI |
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TIN No.: |
27970954816 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAFCB0273N |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business
: |
Subject is engaged into Real Estate Activities and Operating Hotels
and Resort etc. (Registered Activity) |
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No. of Employees
: |
03 [Approximately] [As per site visit] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 24000000 INR 166801900 |
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Status : |
Good |
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Payment Behavitheir : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject
was incorporated in the year 2012 and it is engaged in real estate activities
and operating hotels and resort etc. Management
has failed to file its latest financials with Government Registry. As per
available financials of March 2016, the company has registered growth of
51.66% in its revenue as compared to previous year and has reported good
profit margin of 7.59% under review. Rating
takes into consideration the company’s healthy net worth base along with
comfortable debt coverage indicators and decent liquidity position. Further,
the company has reported Earnings Per Share of INR 5.64 against its face
value of INR 10. However,
rating strength is partially offset by its presence in highly competitive and
huge working capital requirement real estate industry. Payments
seems to be slow but correct. In view
of aforesaid, the company can be taken into consideration for business
dealing at usual trade terms and conditions. Note: Site visit
was conducted at the given address which you have provided. Our executive has
successfully traced the subject at the given address. At the
premises, our executive has met receptionist and she provided contact details
of the company (020-41423333) but she denied to provide any further
information. As per
our executive’s observation, it is a hotel type premises and area seems to be
neutral. Location is easy to find and locality seems to be residential. 3
employees were sighted at the given address. Landmark-
Residency Club. During
the visit, our executive met the supervisor of Residency Club who confirmed
that the subject is situated on the given address and gave positive response
about the company. Name
board of the subject was sighted at the premises |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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 17.02.2018.
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
[Contact No: 91-20-41423333]
LOCATIONS
|
Registered Office : |
3, Queens Garden, Residency Club, Pune – 411001, Maharashtra, India |
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Tel. No.: |
91-20-41423333 |
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Fax No.: |
91-20-26353333 |
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E-Mail : |
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Website : |
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Locality : |
Residential [As per site visit] |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Himanshu Vinodkumar Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Bungalow No. 4, Bramha Suncity, Wadgaonsheri, Pune – 411014, Maharashtra, India |
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Date of Birth/Age : |
16.05.1986 |
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Qualification : |
B.Com, MBA |
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Date of Appointment : |
02.03.2015 |
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PAN No.: |
AGFPA0091A |
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DIN No.: |
00011630 |
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Other Directorship:
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Name : |
Mr. Ramkumar Bramhadutt Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Bungalow No. 3, Bramha Suncity, Wadgaonsheri, Pune – 411014, Maharashtra, India |
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Date of Appointment : |
28.12.2016 |
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DIN No.: |
00011724 |
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Other Directorship:
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Name : |
Mr. Vinodkumar Bramhadutt Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Bungalow No.4, Bramha Suncity, Wadgaonsheri, Pune – 411014, Maharashtra, India |
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Date of Appointment : |
28.12.2016 |
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DIN No.: |
00012987 |
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Other Directorship:
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Name : |
Mr. Ajay Ramkumar Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Bunglow No. 3, Agrawal Villas, Bramha Suncity, Near Kalyani Nagar, Pune 411014, Maharashtra, India |
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Date of Birth/Age : |
19.09.1981 |
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Qualification : |
B.Com |
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Date of Appointment : |
02.08.2013 |
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PAN No.: |
ADLPA5046N |
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DIN No.: |
00013104 |
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Other Directorship:
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Name : |
Mr. Dinesh Mahendrakumar Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Survey No. 7, Bungalow No. 2, Bramha Suncity, Wadgaonsheri, Pune-411014, Maharashtra, India |
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Date of Birth/Age : |
05.08.1985 |
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Qualification : |
B.Com, MBA - Finance |
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Date of Appointment : |
05.08.2014 |
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PAN No.: |
AFVPA7232G |
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DIN No.: |
00014663 |
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Other Directorship:
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Name : |
Mr. Chandan Mulchand Parwani |
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Designation : |
Director |
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Address : |
A 301, Le Mirage 16 Boat Club Road, Pune- 411001, Maharashtra, India |
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Date of Birth/Age : |
29.05.1958 |
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Qualification : |
B.Com(Hons) LL.B |
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Date of Appointment : |
13.09.2013 |
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PAN No.: |
ABQPP4787N |
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DIN No.: |
00525498 |
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Other Directorship:
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Name : |
Mrs. Amruta Vithoba Mhaske |
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Designation : |
Director |
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Address : |
Malwadi Kalas (Yervada), Dighi Camp, Pune – 411015, Maharashtra, India |
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Date of Birth/Age : |
01.06.1952 |
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Qualification : |
B.Com |
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Date of Appointment : |
26.09.2013 |
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PAN No.: |
ADJPM7134R |
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DIN No.: |
02053040 |
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Other Directorship:
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Name : |
Mr. Karan Vinodkumar Agrawal |
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Designation : |
Wholetime Director |
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Address : |
Bungalow No. 4, Bramha Suncity, Wadgaonsheri, Pune – 411014, Maharashtra, India |
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Date of Birth/Age : |
19.03.1988 |
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Qualification : |
B.Com |
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Date of Appointment : |
05.08.2014 |
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PAN No.: |
AHZPA1495K |
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DIN No.: |
02077412 |
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Other Directorship:
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Name : |
Mr. Harshad Vasantrao Nimbalkar |
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Designation : |
Director |
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Address : |
Swarajya, Bunglow No.14, Laxmi Vilas Society, Mukundnagar, Pune – 411037, Maharashtra, India |
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Date of Birth/Age : |
03.09.1960 |
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Qualification : |
BSc LL.B |
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Date of Appointment : |
16.09.2015 |
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PAN No.: |
ACJPN7335C |
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DIN No.: |
07275167 |
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KEY EXECUTIVES
|
Name : |
Mr. Israr Munshi Khan |
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Designation : |
Company Secretary |
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Address : |
Flat No-203, Rose, Regency Meadows, Dhanori Road, Pune – 411015, Maharashtra, India |
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Date of Birth/Age : |
12.12.1967 |
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Qualification : |
CS LLB B.sc |
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Date of Appointment : |
12.09.2013 |
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PAN No.: |
AMYPK5829R |
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|
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Name : |
Mr. Sameerkhan F Inamdar |
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Designation : |
CFO(KMP) |
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Address : |
Flot No. 34 Amey Apartment S. No. 22 A/1/2 3/4/5 Balajingr Dhan, Pune – 411043, Maharashtra, India |
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Date of Birth/Age : |
18.12.1972 |
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Qualification : |
CMA, PhD |
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Date of Appointment : |
23.06.2016 |
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PAN No.: |
AAOPI8336B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Ramkumar Bramhadutt Agrawal |
|
1300270 |
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Vinodkumar Bramhadutt Agrawal |
|
1300270 |
|
Himanshu Vinodkumar Agrawal |
|
1300269 |
|
Karan Vinodkumar Agrawal |
|
7450269 |
|
Reemarani |
|
1300269 |
|
Reetarani |
|
1300269 |
|
Dinesh Mahendrakumar Agrawal |
|
10763308 |
|
Ajay Ramkumar Agrawal |
|
7037769 |
|
Bramha bazaz Inns Private Limited |
|
389450 |
|
BramhaCorp Leisure Clubs Private Limited |
|
3846800 |
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|
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Total |
|
35988943 |
AS ON: 12.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
88.23 |
|
Promoters – Body Corporate |
11.77 |
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|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Real Estate Activities and Operating Hotels
and Resort etc. (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 : |
03 [Approximately] [As per site visit] |
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|
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Bankers : |
· Punjab National Bank MCB, Kalyani Nagar, Pune-411006, Maharashtra, India · HDFC Bank Limited HDFC Bank, House Senapati, Bapat Marg, Lower Parel (West) Mumbai-400013, Maharashtra, India · Corporation Bank Corporate Banking Branch 14 Pune Mumbai Road, Wakdewadi, Pune-411003, Maharashtra, India · Central Bank of India MID Corporate Finance Branch 317, M.G. Road Pune – 411001, Maharashtra, India · Andhra Bank 598, 598A, Sachapir Street, Camp, Pune – 411001, Maharashtra, India · ICICI Bank Limited Landmark Race Ctheirce Circle, Alkapuri, Baroda - 390015, Gujarat, India · The Saraswat Co-Operative Bank Limited · PNB Housing Finance Limited · State Bank of India |
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Facilities : |
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Auditors : |
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|
Name : |
Natu And Pathak Chartered Accountants |
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Address : |
401-402 Utkarsha Apartment, Bhakti Marg, Law College Road, Pune-411004, Maharashtra, India |
|
PAN No.: |
AABFN5816E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company : |
Movaj Enterprises Private Limited |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key Management personnel
and their relatives: |
· Bramha Bazaz Inns Private Limited · Bramha Associates · Bramha Cottages Private Limited · Bramha Bazaz Land Dev Private Limited · Bramhacorp Leisure Clubs Private Limited · Bramha Foundation · Bramha Developers · Bramha Skyline Developers · Bramhacorp Hospitality Private Limited |
|
|
|
|
Other Related Party
: |
New Horizon Land Dev Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44990000 |
Equity Shares |
INR 10/- each |
INR 449.900 Million |
|
10000 |
Preference Shares |
INR 10/- each |
INR 0.100 Million |
|
|
Total |
|
INR 450.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35988943 |
Equity Shares |
INR 10/- each |
INR 359.889 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
I.
EQUITY AND LIABILITIES |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
359.889 |
359.889 |
172.389 |
|
(b) Reserves & Surplus |
7980.206 |
1173.890 |
281.063 |
|
(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 |
8340.095 |
1533.779 |
453.452 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5757.016 |
4014.912 |
3740.067 |
|
(b) Deferred tax liabilities
(Net) |
64.288 |
107.811 |
100.167 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
1.695 |
|
(d) long-term provisions |
10.718 |
3.241 |
0.943 |
|
Total
Non-current Liabilities |
5832.022 |
4125.964 |
3842.872 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
100.991 |
397.848 |
405.927 |
|
(b) Trade payables |
270.568 |
404.397 |
302.817 |
|
(c) Other current liabilities |
2325.702 |
2751.642 |
2881.238 |
|
(d) Short-term provisions |
96.428 |
20.283 |
9.763 |
|
Total
Current Liabilities |
2793.689 |
3574.170 |
3599.745 |
|
|
|
|
|
|
TOTAL |
16965.806 |
9233.913 |
7896.069 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
10224.487 |
3813.304 |
1388.264 |
|
(ii) Intangible Assets |
5.751 |
10.508 |
2.279 |
|
(iii) Capital work-in-progress |
455.222 |
273.754 |
1454.150 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
617.084 |
610.438 |
518.902 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
251.464 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
1.569 |
|
Total
Non-Current Assets |
11302.544 |
4708.004 |
3616.628 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
45.834 |
|
(b) Inventories |
3347.601 |
2718.416 |
2216.857 |
|
(c) Trade receivables |
119.259 |
175.762 |
171.896 |
|
(d) Cash and cash equivalents |
184.715 |
102.767 |
402.389 |
|
(e) Short-term loans and
advances |
2011.687 |
1528.964 |
1442.465 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
5663.262 |
4525.909 |
4279.441 |
|
|
|
|
|
|
TOTAL |
16965.806 |
9233.913 |
7896.069 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
2674.666 |
1763.635 |
1081.825 |
|
|
Other Income |
29.328 |
12.513 |
9.043 |
|
|
TOTAL
|
2703.994 |
1776.148 |
1090.868 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1266.241 |
747.851 |
1450.551 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
(1400.733) |
|
|
Employees benefits expense |
269.090 |
200.665 |
182.727 |
|
|
Other expenses |
380.803 |
249.995 |
514.652 |
|
|
CSR expenditure |
0.200 |
0.000 |
0.000 |
|
|
Extraordinary items |
0.877 |
14.192 |
1.134 |
|
|
TOTAL |
1917.211 |
1212.703 |
748.331 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
786.783 |
563.445 |
342.537 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
283.388 |
267.711 |
198.205 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
503.395 |
295.734 |
144.332 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
305.082 |
205.391 |
102.573 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
198.313 |
90.343 |
41.759 |
|
|
|
|
|
|
|
Less |
TAX |
(4.596) |
7.644 |
(0.236) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
202.909 |
82.699 |
41.995 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Earning on other income |
39.610 |
113.670 |
124.531 |
|
|
TOTAL
EARNINGS |
39.610 |
113.670 |
124.531 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
23.084 |
11.243 |
1456.812 |
|
|
TOTAL
IMPORTS |
23.084 |
11.243 |
1456.812 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
5.64 |
3.88 |
1.17 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
603.408 |
77.492 |
NA |
|
|
|
|
|
|
Cash generated from operations |
(792.622) |
120.539 |
1184.519 |
|
|
|
|
|
|
Net cash flow from operating activity |
(792.622) |
120.539 |
1184.519 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
16.27 |
36.38 |
58.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
22.43 |
10.03 |
6.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
77.99 |
197.37 |
76.20 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.24 |
0.21 |
0.15 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.07 |
0.14 |
0.12 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.54 |
0.83 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.77 |
2.93 |
9.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
2.33 |
7.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.28 |
2.67 |
6.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.78 |
2.10 |
1.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
7.59 |
4.69 |
3.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.20 |
0.90 |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
2.43 |
5.39 |
9.26 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.03 |
1.27 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.83 |
0.51 |
0.57 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.49 |
0.17 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
17.95 |
12.48 |
24.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.03 |
1.27 |
1.19 |
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 |
172.389 |
359.889 |
359.889 |
|
Reserves & Surplus |
281.063 |
1173.890 |
7980.206 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
453.452 |
1533.779 |
8340.095 |
|
|
|
|
|
|
long-term borrowings |
3740.067 |
4014.912 |
5757.016 |
|
Short term borrowings |
405.927 |
397.848 |
100.991 |
|
Total
borrowings |
4145.994 |
4412.760 |
5858.007 |
|
Debt/Equity
ratio |
9.143 |
2.877 |
0.702 |
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 |
1081.825 |
1763.635 |
2674.666 |
|
|
|
63.024 |
51.656 |
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 |
1081.825 |
1763.635 |
2674.666 |
|
Profit |
41.995 |
82.699 |
202.909 |
|
|
3.88% |
4.69% |
7.59% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
359.990 |
|
(b) Reserves & Surplus |
|
|
7961.969 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
8321.959 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
5959.081 |
|
(b) Deferred tax liabilities (Net) |
|
|
64.288 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
long-term provisions |
|
|
10.718 |
|
Total
Non-current Liabilities (3) |
|
|
6034.087 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
142.236 |
|
(b)
Trade payables |
|
|
270.568 |
|
(c)
Other current liabilities |
|
|
2325.778 |
|
(d)
Short-term provisions |
|
|
96.464 |
|
Total
Current Liabilities (4) |
|
|
2835.046 |
|
|
|
|
|
|
TOTAL |
|
|
17191.092 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
10250.787 |
|
(ii)
Intangible Assets |
|
|
132.338 |
|
(iii)
Capital work-in-progress |
|
|
505.542 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
487.775 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
9.190 |
|
(e)
Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
11385.632 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
3423.685 |
|
(c)
Trade receivables |
|
|
119.259 |
|
(d)
Cash and cash equivalents |
|
|
185.766 |
|
(e)
Short-term loans and advances |
|
|
2076.750 |
|
(f)
Other current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
5805.460 |
|
|
|
|
|
|
TOTAL |
|
|
17191.092 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
2674.666 |
|
|
|
Other Income |
|
|
29.328 |
|
|
|
TOTAL |
|
|
2703.994 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
1266.241 |
|
|
|
Employees benefits expense |
|
|
269.090 |
|
|
|
Other expenses |
|
|
381.374 |
|
|
|
TOTAL |
|
|
1916.705 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
787.289 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
283.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
503.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
305.459 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
198.441 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
(198.441) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
396.882 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
|
|
10.27 |
|
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 |
Yes |
|
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 |
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 |
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 |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
|
Name of Company : |
BRAMHACORP LIMITED |
|
|
|
|
Address : |
3, Queens Garden, Residency Club, Near Wadia College Bridge, Pune –
411001, Maharashtra, India |
|
Contact No.: |
91-20-41423333 |
|
|
|
|
Date of Visit : |
14.02.2018 |
|
|
|
|
Person to whom we met: |
Receptionist |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Residency Club |
|
|
|
|
Total Floors of the Building : |
Hotel Type Premises |
|
|
|
|
Subject situated on: |
Hotel Type Premises |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
3 [Approx.] |
|
|
|
|
Visibility of
Items: |
· Telephone · Computers · Air Conditioner · Office Equipment |
|
|
|
|
Neighbours Interview : |
During
the visit, our executive met the supervisor of Residency Club who confirmed
that the subject is situated on the given address and gave positive response
about the company. |
|
|
|
|
Proof of visit: |
Photos |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G71778609 |
100142777 |
Punjab National Bank |
29/11/2017 |
- |
- |
500000000.0 |
MCB, Kalyani Nagar,PunePuneMH411006IN |
|
2 |
G58582529 |
100129911 |
CENTRAL BANK OF INDIA |
28/09/2017 |
- |
- |
1287900000.0 |
MID CORPORATE FINANCE BRANCH317, M.G. ROADPUNEMH411001IN |
|
3 |
G40372161 |
100088529 |
Punjab National Bank |
23/03/2017 |
- |
- |
2500000000.0 |
MCB, Kalyani Nagar,PuneMH411006IN |
|
4 |
G43513969 |
100096529 |
HDFC BANK LIMITED |
02/02/2017 |
- |
- |
10800000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WESTMUMBAIMH400013IN |
|
5 |
G18992263 |
100057225 |
CORPORATION BANK |
04/10/2016 |
- |
- |
998300000.0 |
CORPORATE BANKING BRANCH14 PUNE MUMBAI ROAD WAKDEWADIPUNEMH411003IN |
|
6 |
G33572686 |
100057213 |
CENTRAL BANK OF INDIA |
20/09/2016 |
27/12/2016 |
- |
1000000000.0 |
MID CORPORATE FINANCE BRANCH317, M.G. ROADPUNEMH411001IN |
|
7 |
G08206369 |
100040776 |
ANDHRA BANK |
28/06/2016 |
- |
- |
180000000.0 |
598, 598A, Sachapir Street, CampPUNEMH411001IN |
|
8 |
G02922839 |
100024684 |
UNIT TRUST OF INDIA INVESTMENT ADVISORY SERVICES LIMITED |
25/04/2016 |
- |
- |
2500000000.0 |
UTI TOWER GN BLOCKBANDRA KURLA COMPLEXBANDRA EASTMUMBAIMa400051IN |
|
9 |
G00575456 |
100016920 |
ICICI BANK LIMITED |
23/02/2016 |
- |
- |
8077000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
|
10 |
C82113291 |
10627037 |
HDFC BANK LIMITED |
20/02/2016 |
- |
- |
392000.0 |
HDFC Bank House, Senapati Bapat MargLower Parel (West)MumbaiMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
338.229 |
536.723 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
0.000 |
48.153 |
|
|
|
|
|
Total |
338.229 |
584.876 |
NATURE OF
COMPANIES AFFAIRS, CHANGES AND FUTURE OUTLOOK:
Vision of BramhaCorp Limited is to become a global player in the real estate and hotels and resorts segment through product innovation, partnerships and deliver world class products for cthemtomers. The Company’s beliefs and values drive their corporate culture. They are reflected in their actions. BramhaCorp is in an active growth mode. Their ongoing investments in restheirces will see them becoming one of the finest real estate companies in India. They remain committed to their values that have made them what they are today. Commitment to excellence, ethical and transparent dealings including care for employees and cthemtomer satisfaction are values that are enshrined in their work culture. Their success has been a result of their cthemtomers and they believe that they are their best endorsers. It has been their endeavor to exceed their cthemtomers' expectations at all times. BramhaCorp Limited – Infrastructure Division Since past 3 decades the group is theyll known for developing variothem projects all across Pune city. BramhaCorp Limited - Hotel Division The Company is engaged in the btheminess of hotels and resorts under which the Company is running Hotel Le Meriden, Pune and Le Meridien Mahabaleshwar, Resort and Spa. The management ensured from day one of the operations of the hotel that the best available operating chain was involved and quality manpotheyr was employed by the chain.
AWARDS AND RECOGNITION:
The Company takes pride on the commitment to innovation, excellence and ethical business practices, marking and dedicating to provide only top class real estate projects.
With the endeavor and the continuous zeal to excel the benchmarks, the Company is honored with prestigious Award “Residential Property of the Year Suncity Platinum” at the Realty Plus Excellence Awards (Pune) 2016 held on Friday, February 5, 2016 at The JW Marriott Hotel, Pune.
FIXED ASSETS
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.91 |
|
UK Pound |
1 |
INR 90.31 |
|
Euro |
1 |
INR 80.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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.