|
|
|
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image017.jpg){kind=small}
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image018.jpg)
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image020.gif)
MIRA INFORM REPORT
|
Report No. : |
488757 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
CENTRODORSTROY (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-94, Okhla, Phase II , New Delhi - 110020 |
|
Tel. No.: |
91-11-45550222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
28.05.2004 |
|
|
|
|
Com. Reg. No.: |
55-126630 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 211.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45203DL2004PTC126630 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC0273D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is involved in Construction of Roads, Highways, Bridges, etc.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 1907000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004. The company is engaged in construction of roads and undertakes earthwork for government and public sector entities. Management has failed to file its financials after the financial year 2015 with Registrar of Companies and same is not available from any other sources. As per the available financial of 2015, the company has achieved a fair growth of 15.82% in its revenue as compared to the previous year’s revenue and has reported an average net profit margin of 2.75%. The healthy financial position of the company is reflected by low debt balance sheet profile, above average net worth base and acceptable liquidity position. Rating is constrained on account of absence of latest financial records. However, as per the indirect sources, we found that the company has achieved sales turnover of INR 5436.7 million for the financial year 2017 which could not be verified. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 |
CRISIL |
|
Rating |
Long term loans = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
12.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term loans = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
12.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 29.01.2018.
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
[91-11-26389596] not available
MANAGEMENT NON-COOPERATIVE [TEL. NO.:91-11-45550222]
LOCATIONS
|
Registered/ Corporate Office : |
B-94, Okhla, Phase II , New Delhi - 110020, India |
|
Tel. No.: |
91-11-45550222 (20 Lines) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Project Division: |
132 and 133, Vardhman Crown, LSC, Plot No. 2, Sector-19, Dwarka, New Delhi-110075, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sandeep Chandra |
||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||
|
Address : |
4, Ashoka Avenue, DLF Farms, Chattarpur, New Delhi - 110030, India |
||||||||||||||||
|
Date of Birth/Age: |
19.11.1970 |
||||||||||||||||
|
Qualification: |
B.COM,M.B.A |
||||||||||||||||
|
Date of Appointment : |
28.05.2004 |
||||||||||||||||
|
DIN No.: |
00575228 |
||||||||||||||||
|
PAN No.: |
AFJPC4449P |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Neena Chandra Gupta |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4, Ashoka Avenue, DLF Farms, Chattarpur, New Delhi - 110030, India |
||||||||||||||||
|
Date of Birth/Age: |
18.12.1943 |
||||||||||||||||
|
Qualification: |
B.A ,B.ED |
||||||||||||||||
|
Date of Appointment : |
01.05.2014 |
||||||||||||||||
|
DIN No.: |
00575328 |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
|
|
|
||||||||||||||||
|
Name : |
Mrs. Kavita Chandra |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
4, Ashoka Avenue, DLF Farms, Chattarpur, New Delhi - 110030, India |
||||||||||||||||
|
Date of Birth/Age: |
05.12.1971 |
||||||||||||||||
|
Qualification: |
M.A, B.ED |
||||||||||||||||
|
Date of Appointment : |
21.09.2014 |
||||||||||||||||
|
DIN No.: |
06979019 |
||||||||||||||||
|
PAN No.: |
ABAPH1823K |
||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mrs. Indu |
|
Designation : |
Company Secretary |
|
Address : |
A-12, Manak Vihar, Near Tihar Village, New Delhi - 110018, India |
|
Date of Appointment : |
15.07.2016 |
|
PAN No.: |
ACCPI5879D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Sandeep Chandra |
150000 |
0.71 |
|
O P Gupta and Sons Private Limited, India |
14000000 |
66.35 |
|
Chandra Global Finance Limited, India |
6950000 |
32.94 |
|
|
|
|
|
Total |
21100000 |
100.00 |
AS ON: 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies corporate (not mentioned above) |
99.29 |
|
Directors or relatives of directors |
0.71 |
|
|
|
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image022.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is involved in Construction of Roads, Highways, Bridges, etc.
[Registered Activity] |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Corporation Bank · RBL Bank Limited Shahupuri, Kolhapur, Kolhapurma - 416001, Maharashtra, India · ICICI Bank Limited ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara - 390007, Gujarat, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institutions: |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · Srei Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Aditya and Associates Chartered Accountants |
|
Address : |
122, Mandakini Enclave Alaknanda, Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFA4173D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
O. P. Gupta & Sons Private Limited [U74899DL1966PTC004663] |
CAPITAL STRUCTURE
AS ON: 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21100000 |
Equity Shares |
INR 10/- each |
INR 211.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
211.000 |
211.000 |
111.000 |
|
(b) Reserves and Surplus |
456.454 |
396.659 |
327.751 |
|
(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) |
667.454 |
607.659 |
438.751 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
27.200 |
83.616 |
229.996 |
|
(b) Deferred tax liabilities (Net) |
19.276 |
15.923 |
13.590 |
|
(c) Other long-term
liabilities |
188.995 |
211.439 |
45.413 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
235.471 |
310.978 |
288.999 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
140.012 |
73.193 |
139.041 |
|
(b) Trade payables |
971.775 |
806.894 |
97.081 |
|
(c) Other
current liabilities |
230.697 |
311.835 |
613.351 |
|
(d) Short-term
provisions |
36.239 |
33.646 |
25.828 |
|
Total Current
Liabilities (4) |
1378.723 |
1225.568 |
875.301 |
|
|
|
|
|
|
TOTAL |
2281.648 |
2144.205 |
1603.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
387.916 |
501.592 |
426.377 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets capital
work-in-progress |
0.000 |
14.392 |
114.359 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.054 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
387.916 |
515.984 |
540.790 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
691.310 |
818.436 |
346.434 |
|
(c) Trade
receivables |
546.470 |
237.524 |
326.245 |
|
(d) Cash and
bank balances |
377.080 |
283.146 |
164.778 |
|
(e)
Short-term loans and advances |
278.872 |
289.115 |
224.804 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1893.732 |
1628.221 |
1062.261 |
|
|
|
|
|
|
TOTAL |
2281.648 |
2144.205 |
1603.051 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
4013.318 |
3467.788 |
|
|
|
Other Income |
24.453 |
18.412 |
|
|
|
TOTAL |
4037.771 |
3486.200 |
669.539 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2565.051 |
2169.775 |
|
|
|
Employee benefit expense |
146.698 |
148.708 |
|
|
|
Expenditure on production, transportation
and Other expenditure pertaining to
exploration and production activities |
621.447 |
546.658 |
|
|
|
Other expenses |
380.345 |
296.381 |
|
|
|
TOTAL |
3713.541 |
3161.522 |
607.186 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
324.230 |
324.678 |
(Including financial expenses) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
96.818 |
127.466 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
227.412 |
197.212 |
62.353 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
52.937 |
91.764 |
49.106 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
174.475 |
105.448 |
13.247 |
|
|
|
|
|
|
|
Less |
TAX |
63.439 |
36.540 |
5.296 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
111.036 |
68.908 |
7.951 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
5.26 |
3.26 |
0.38 |
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image009.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image010.gif){kind=small}
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
49.151 |
183.394 |
0.000 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(14.288) |
146.854 |
0.000 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
49.70 |
25.00 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.34 |
14.60 |
NA |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
138.28 |
135.74 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.47 |
0.40 |
NA |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.84 |
0.63 |
NA |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.62 |
0.61 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.25 |
0.26 |
0.84 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.07 |
2.02 |
1.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.85 |
1.23 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.35 |
2.55 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.77 |
1.99 |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.87 |
3.21 |
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.64 |
11.34 |
1.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.37 |
1.33 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.87 |
0.66 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.28 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.79 |
0.74 |
3.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.37 |
1.33 |
1.21 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
111.000 |
211.000 |
211.000 |
|
Reserves & Surplus |
327.751 |
396.659 |
456.454 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
438.751 |
607.659 |
667.454 |
|
|
|
|
|
|
Long-term borrowings |
229.996 |
83.616 |
27.200 |
|
Short term borrowings |
139.041 |
73.193 |
140.012 |
|
Total
borrowings |
369.037 |
156.809 |
167.212 |
|
Debt/Equity
ratio |
0.841 |
0.258 |
0.251 |
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image024.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
669.539 |
3486.200 |
4037.771 |
|
|
|
420.687 |
15.822 |
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image026.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
669.539 |
3486.200 |
4037.771 |
|
Profit/ (Loss) |
7.951 |
68.908 |
111.036 |
|
|
1.19% |
1.98% |
2.75% |
%20PRIVATE%20LIMITED%20-%20488757%2029-Jan-2018_files/image028.gif)
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 |
Yes |
|
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 |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G74748310 |
100149742 |
ICICI BANK LIMITED |
30/12/2017 |
- |
- |
9627580.0 |
ICICI BANK TOWER, NEAR
CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
2 |
G72543911 |
100144070 |
RBL BANK LIMITED |
15/12/2017 |
- |
- |
350000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
3 |
G72541832 |
100144074 |
RBL BANK LIMITED |
15/12/2017 |
- |
- |
250000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
4 |
G72544612 |
100144075 |
SREI EQUIPMENT
FINANCE LIMITED |
30/08/2017 |
- |
- |
36000000.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWE700046IN |
|
5 |
G44608362 |
100099686 |
ICICI BANK LIMITED |
29/04/2017 |
- |
- |
4706130.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGJ390007IN |
|
6 |
G42862706 |
100094854 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
31/03/2017 |
- |
- |
5173700.0 |
ONE FORBES,DR. V. B.
GANDHI MARG, FORTMUMBAIMH400001IN |
|
7 |
G38481677 |
100083645 |
CORPORATION
BANK(LEAD BANK) |
23/01/2017 |
- |
- |
3450000000.0 |
GREATER KAILASH II
BRANCH,M-3&4, GREATER KAILASH-IINEW DELHIDL110048IN |
|
8 |
G12520136 |
100051132 |
TATA CAPITAL FINANCIAL
SERVICES LIMITED |
22/08/2016 |
- |
- |
2736000.0 |
ONE FORBES,DR. V.
B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
9 |
G02249225 |
100022603 |
TATA CAPITAL
FINANCIAL SERVICES LIMITED |
31/03/2016 |
- |
- |
77075880.0 |
ONE FORBES,DR. V. B.
GANDHI MARG, FORT,MUMBAIMH400001IN |
|
10 |
C32855124 |
10530018 |
SREI EQUIPMENT
FINANCE LIMITED |
24/09/2014 |
- |
- |
1466055.01 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWB700046IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (INR
In Million) |
31.03.2014 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
0.000 |
16.610 |
|
|
|
|
|
Total |
0.000 |
16.610 |
STATE OF AFFAIRS OF THE COMPANY
The company has given consistently good performance in the financial year 2014-15 with increase of 16% in turnover during the year as compared to previous year.
During this year company achieved turnover of INR 4013.300 million and the net profit of INR 111.000 million as compared to turnover of INR 3467.800 million and net profit of INR 68.900 million in the year 2013-14. In the year 2015-16, the company is expecting to achieve turnover of more than INR 4000.000 million. The company has successfully completed two major road projects in the state of Uttar Pradesh and one project in the state of Punjab during the year. The company has shown its strength in executing the work and also has good volume of works in hand for execution in the year 2015-16 and 2016-17. NHAI and MORTH are planning to award number of road projects all over the country especially on EPC mode, accordingly, the company is actively participating in bidding for various projects and expecting to get some more projects on EPC model at very good prices. The company is also concentrating to get high value projects under JV arrangement
FUTURE OUTLOOK
Road Infrastructure sector have always been a priority sector for the ruling government in the country since its performance is calculated on the terms of growth and development of the road infrastructure in the country. With the formation of BJP Government in the country, the ministry has huge targets for the development of roads in the country. NHAI and MORTH is planning to award number of EPC/Cash Contracts for construction of roads all over the country. NHAI is directly awarding the contracts on EPC model to small and mid-sized construction companies to pick up the infrastructural growth in the country.
Their company is also actively bidding for new projects in various states of the country on individual basis as well as on JV arrangement and expecting to get new projects of INR 8000.000 – 10000.000 million very soon at very good prices. The company has good volume of works in hand of around INR 12000.000 million with 90% of works as unexecuted portion at present. The company is having all the projects in hand from Govt. Bodies and executing all the projects on EPC model. The company has given consistent performance in the FY 2014-15 and very positive to hit new records in the coming years.
FIXED ASSETS:
·
Land
·
Buildings
·
Furniture and fixtures
·
Plant and equipment
·
Vehicles
·
Computer equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.50 |
|
UK Pound |
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.