|
|
|
MIRA INFORM REPORT
|
Report No. : |
488724 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
APCO INFRATECH
PRIVATE LIMITED (w.e.f. 29.10.2014) |
|
|
|
|
Formerly Known
As : |
APCO INFRATECH LIMITED (w.e.f. 04.03.2010) APCO CONSTRUCTIONS PRIVATE LIMITED |
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Registered
Office : |
B-9, Vibhuti KhandGomati Nagar Lucknow – 226010, Uttar Pradesh |
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Tel. No.: |
91-522-4036111-120 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
23.01.1992 |
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|
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|
Com. Reg. No.: |
20-013969 |
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|
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Capital
Investment / Paid-up Capital : |
INR 371.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51432UP1992PTC013969 |
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|
|
|
IEC No.: |
Not Applicable |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
LKNA05238C |
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GSTIN : |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCA5639H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in infrastructure development with major interest in Highways, Tunnels, Canals, Urban Infrastructure and Industrial Development operations etc. (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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 10000000 |
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|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Apco Infratech Private Limited is primarily engaged in construction of
roads and railways, with most of its revenue coming from construction of
roads. The company was incorporated in the year 1992 and is based in Lucknow,
Uttar Pradesh. It is an established company having fine track record. For the financial year ended 2017, revenue of the company has
marginally declined. However, it has reported a growth in its profit and has
achieved fair profit margin at 5.61% (approx.) The company possesses robust financial profile marked by healthy net
worth base along with negligible debt recorded and favourable gap between
trade payables to its trade receivables. Fundamentals of the company are strong and healthy. The rating is, however, tempered by inherent revenue risk related to
toll based projects and timely execution of the projects. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular and as per commitment. In view of the aforesaid, the company can be considered normal for
business dealings at usual trade terms and conditions. |
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 Rating = (A-) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
January 2018 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A2+) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
January 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 30.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE: Tel. No.:
91-124-4417300 / 91-522-4036111
LOCATIONS
|
Registered Office : |
B-9, Vibhuti KhandGomati Nagar Lucknow – 226010, Uttar Pradesh, India |
|
Tel. No.: |
91-522-4036111/120 |
|
Mobile No.: |
91-124-4417300 (Mrs. R. Basu) |
|
Fax No.: |
91-522-4036100 |
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E-Mail : |
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|
Website : |
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|
|
|
Corporate Office : |
Universal Trade Tower, 4th Floor, Sector – 49, Sohna Road,
Gurgaon – 122101, India |
|
Tel. No.: |
91-124-4417300 |
|
Fax No.: |
91-522-4036100/522-2720479 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anil Kumar Singh |
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|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
5/117, Vinay Khand Gomti Nagar, Lucknow – 226010, Uttar Pradesh, India |
||||||||||||||||||||
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Date of Birth/Age : |
01.03.1966 |
||||||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||||||
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Date of Appointment : |
23.01.1992 |
||||||||||||||||||||
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PAN No.: |
AVGPS4054H |
||||||||||||||||||||
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DIN No.: |
00534326 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Name : |
Mr. Vinod Kumar Singh |
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|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
5/117, Vinay Khand Gomti Nagar, Lucknow – 226010, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
01.07.1968 |
||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
01.10.2015 |
||||||||||||||||||||
|
PAN No.: |
AGAPS2202G |
||||||||||||||||||||
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DIN No.: |
00536122 |
||||||||||||||||||||
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Other
Directorship:
|
|||||||||||||||||||||
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|
|
||||||||||||||||||||
|
Name : |
Mr. Rajesh Pratap Singh |
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Designation : |
Director |
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|
Address : |
232, Raipur, Amethi, Sultanpur Sultanpur – 222050, Uttar Pradesh, India |
||||||||||||||||||||
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Date of Birth/Age : |
03.07.1959 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.10.1996 |
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PAN No.: |
AGAPS2211H |
||||||||||||||||||||
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DIN No.: |
00537865 |
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KEY EXECUTIVES
|
Name : |
Mr. Vudatala Seshagiri Rao |
|
Designation : |
Manager |
|
Address : |
L-4-211 Vinay Khand Gomti Nagar Lucknow – 226010, Uttar Pradesh, India |
|
Date of Appointment : |
09.03.2007 |
|
PAN No.: |
AGEPR2921F |
|
|
|
|
Name : |
Mrs. Kusum Gupta |
|
Designation : |
Company Secretary |
|
Address : |
5/284, B Vipul Khand, Gomti Nagar, Lucknow 226010, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.07.1976 |
|
Date of Appointment : |
02.07.2012 |
|
PAN No.: |
AMOPG8153E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 17.07.2017
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar Singh |
|
990145 |
|
Suman Singh |
|
324645 |
|
Amit k. Singh |
|
320750 |
|
Arpit k.Singh |
|
210750 |
|
Akansha Singh |
|
50000 |
|
Vinod Kumar Singh |
|
284340 |
|
Radha Singh |
|
244190 |
|
Aankita Singh |
|
35000 |
|
Vinay Kumar Singh |
|
79000 |
|
Vimal Kumar Singh |
|
172180 |
|
Sweta Singh |
|
48000 |
|
Kamala Singh |
|
197000 |
|
R.P.Singh |
|
10000 |
|
D.B. Singh |
|
18000 |
|
R.A.Yadav |
|
18000 |
|
AAM Associates |
|
238250 |
|
AKA Associates |
|
201000 |
|
Triple A Associates |
|
270750 |
|
Total |
|
3712000 |
Equity Share Break up (Percentage of Total Equity)
As on 17.07.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
79.63 |
|
Promoter - Bodies
corporate |
19.13 |
|
Public – (Individual/ Hindu Undivided
Family – Indian) |
1.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in infrastructure development with major interest in Highways, Tunnels, Canals, Urban Infrastructure and Industrial Development operations etc. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
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 : |
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Auditors : |
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|
Name : |
Abhay and Associates Chartered Accountants |
|
Address : |
Hall No.5, F.I. Plaza, First Floor, Bara Chandganj, Aliganj, Lucknow-226024, Uttar Pradesh, India |
|
Membership Number : |
077828 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACEPT1979R |
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|
|
|
Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
U45400UP2011PTC047755
U74900RJ2016PTC049191 |
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|
|
|
Subsidiary Company
: |
U45400UP2015PTC070311
U45400UP2016PTC076383 |
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|
Joint Venture ; |
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|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U45400UP2010PTC041059
U70102UP2013PTC054683
U70102UP2013PTC054523
U70102UP2013PTC056419
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5700000 |
Equity Shares |
INR 100/- each |
INR 570.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3712000 |
Equity Shares |
INR 100/- each |
INR 371.200
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET - STANDALONE
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
371.200 |
371.200 |
371.200 |
|
(b) Reserves and Surplus |
3135.212 |
2533.051 |
1993.832 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
3506.412 |
2904.251 |
2365.032 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1403.150 |
959.417 |
389.583 |
|
(b) Deferred tax liabilities (Net) |
203.659 |
170.208 |
91.152 |
|
(c) Other long-term
liabilities |
2395.451 |
1105.120 |
1102.499 |
|
(d) long-term
provisions |
29.491 |
20.918 |
0.000 |
|
Total Non-current
Liabilities (3) |
4031.751 |
2255.663 |
1583.234 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
947.967 |
1570.030 |
806.411 |
|
(b) Trade
payables |
2196.099 |
1029.524 |
1857.349 |
|
(c) Other
current liabilities |
2445.488 |
1744.539 |
2175.736 |
|
(d) Short-term
provisions |
106.159 |
107.566 |
63.804 |
|
Total Current
Liabilities (4) |
5695.713 |
4451.659 |
4903.300 |
|
|
|
|
|
|
TOTAL |
13233.876 |
9611.573 |
8851.566 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3222.914 |
2275.537 |
1501.494 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
69.568 |
110.273 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1870.924 |
1599.369 |
929.145 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
458.117 |
14.482 |
207.852 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5621.523 |
3999.661 |
2638.491 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
5.500 |
0.000 |
0.000 |
|
(b)
Inventories |
1139.296 |
1703.426 |
1680.912 |
|
(c) Trade
receivables |
3696.977 |
1546.852 |
1211.782 |
|
(d) Cash and
bank balances |
1148.659 |
659.430 |
608.923 |
|
(e) Short-term
loans and advances |
1111.663 |
1200.933 |
2250.607 |
|
(f) Other
current assets |
510.258 |
501.271 |
460.851 |
|
Total
Current Assets |
7612.353 |
5611.912 |
6213.075 |
|
|
|
|
|
|
TOTAL |
13233.876 |
9611.573 |
8851.566 |
PROFIT
& LOSS ACCOUNT - STANDALONE
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
12167.476 |
12615.333 |
11693.959 |
|
|
Other Income |
62.156 |
60.378 |
36.280 |
|
|
TOTAL |
12229.632 |
12675.711 |
11730.239 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
6592.928 |
8466.657 |
8622.052 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
713.320 |
(71.752) |
(255.547) |
|
|
Employee benefit expense |
802.133 |
541.453 |
491.616 |
|
|
CSR expenditure |
17.573 |
14.360 |
10.460 |
|
|
Other expenses |
2380.261 |
2167.741 |
1475.950 |
|
|
Prior period items before tax |
0.000 |
15.428 |
0.000 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
(191.957) |
|
|
TOTAL |
10506.215 |
11133.887 |
10152.574 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
1723.417 |
1541.824 |
1577.665 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
411.579 |
324.983 |
259.255 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1311.838 |
1216.841 |
1318.410 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
333.208 |
232.148 |
176.639 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
978.630 |
984.693 |
1141.771 |
|
|
|
|
|
|
|
Less |
TAX |
296.052 |
365.055 |
428.968 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
682.578 |
619.638 |
712.803 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
183.88 |
166.93 |
218.23 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
784.930 |
1167.436 |
737.916 |
|
Net cash flows from (used in) operating activities |
1030.463 |
1313.541 |
859.645 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
110.90 |
44.76 |
37.82 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.29 |
8.16 |
9.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
121.58 |
44.38 |
78.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.51 |
0.91 |
0.94 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.52 |
0.65 |
1.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.56 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.67 |
0.87 |
0.51 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.62 |
1.53 |
2.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.94 |
0.82 |
0.63 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.19 |
4.74 |
6.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.61 |
4.91 |
6.10 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.16 |
6.45 |
8.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.47 |
21.34 |
30.14 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.34 |
1.26 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.14 |
0.88 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.26 |
0.30 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
6.33 |
6.81 |
3.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.34 |
1.26 |
1.27 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
371.200 |
371.200 |
371.200 |
|
Reserves & Surplus |
1993.832 |
2533.051 |
3135.212 |
|
Net
worth |
2365.032 |
2904.251 |
3506.412 |
|
|
|
|
|
|
Long-term borrowings |
389.583 |
959.417 |
1403.150 |
|
Short term borrowings |
806.411 |
1570.030 |
947.967 |
|
Total
borrowings |
1195.994 |
2529.447 |
2351.117 |
|
Debt/Equity
ratio |
0.506 |
0.871 |
0.671 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11693.959 |
12615.333 |
12167.476 |
|
|
0.000 |
7.879 |
(3.550) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
11693.959 |
12615.333 |
12167.476 |
|
Profit/ (Loss) |
712.803 |
619.638 |
682.578 |
|
|
6.10
% |
4.91
% |
5.61
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
371.200 |
371.200 |
|
(b) Reserves & Surplus |
|
3754.550 |
3322.477 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.025 |
0.026 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4125.775 |
3693.703 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3710.350 |
959.417 |
|
(b) Deferred tax liabilities
(Net) |
|
203.659 |
170.208 |
|
(c) Other long term
liabilities |
|
2790.079 |
1105.120 |
|
(d) long-term provisions |
|
29.491 |
20.918 |
|
Total
Non-current Liabilities (3) |
|
6733.579 |
2255.663 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
947.967 |
1570.030 |
|
(b) Trade payables |
|
2209.759 |
1035.437 |
|
(c) Other current liabilities |
|
2095.421 |
1818.738 |
|
(d) Short-term provisions |
|
106.388 |
107.690 |
|
Total
Current Liabilities (4) |
|
5359.535 |
4531.895 |
|
|
|
|
|
|
TOTAL |
|
16218.889 |
10481.261 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3222.914 |
2275.537 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
69.568 |
110.273 |
|
(iv) Intangible assets under
development |
|
4944.945 |
1057.555 |
|
(b) Non-current Investments |
|
1725.384 |
1724.700 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
75.700 |
14.482 |
|
(e) Other Non-current assets |
|
1.509 |
2.168 |
|
Total
Non-Current Assets |
|
10040.020 |
5184.715 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
5.500 |
0.000 |
|
(b) Inventories |
|
1139.296 |
1703.426 |
|
(c) Trade receivables |
|
2181.534 |
1146.188 |
|
(d) Cash and cash equivalents |
|
1166.529 |
699.857 |
|
(e) Short-term loans and
advances |
|
1113.707 |
1201.285 |
|
(f) Other current assets |
|
572.303 |
545.790 |
|
Total
Current Assets |
|
6178.869 |
5296.546 |
|
|
|
|
|
|
TOTAL |
|
16218.889 |
10481.261 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
11967.892 |
12222.087 |
|
|
Other Income |
|
76.276 |
60.810 |
|
|
TOTAL
|
|
12044.168 |
12282.897 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
6378.060 |
8073.185 |
|
|
Purchases of Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
713.320 |
(71.751) |
|
|
Employees benefits expense |
|
802.348 |
541.650 |
|
|
CSR expenditure |
|
17.573 |
14.360 |
|
|
Other expenses |
|
2412.488 |
2189.532 |
|
|
TOTAL |
|
10323.789 |
10746.976 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1720.379 |
1535.921 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
411.585 |
325.059 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1308.794 |
1210.862 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
333.208 |
232.147 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
975.586 |
978.715 |
|
|
|
|
|
|
|
Less |
TAX |
|
296.280 |
365.156 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
679.306 |
613.559 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
183.00 |
165.29 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
CORPORATE INFORMATION
Subject is a company domiciled in India and incorporated under the provisions of the Indian Companies Act, 1956. The Company is engaged in infrastructure development with major interest in Highways, Tunnels, Canals, Urban Infrastructure and Industrial Development operations etc.
FINANCIAL SUMMARY:
The key highlights in the current financial year under purview are as under:-
The current financial year has been a satisfactory year in terms of bottom line growth of the Company. Profit after Tax (PAT) is increased by 10.16 % in comparison to the last Financial Year which is the result of efficient use of resources and cost effective measures implemented By the Company.
The Revenue from operation of the Company is decreased by 3.56% in comparison to last financial year. The reasons for slight slippage in the revenue from operation were beyond Company’s control. The land for our Varanasi By -pass project could not be acquired by NHAI (the Authority) and same was the position in Meerut Bulandsahar project. This affected the work at both the project. The decisions of National Green Tribunal (NGT) hampered the supply of Grit, the essential material for the construction affecting the progress of several projects in UP and NCR region. The Geo – Political unrest in Jammu and Kashmir held up the progress at our Z Morh project for several months. Despite all the unfavorable conditions, the Company managed to achieve the above turnover, with only a small slippage in top line growth but with improved profits.
Company has declared an Interim dividend @18% (net of Tax) to its Shareholders in the month of October, 2016.
The capital expenditure for the year ended 31st March, 2017 aggregated to INR 1266.764 Million. This was done primarily to mobilize our new projects at Muzaffarnagar Saharanpur, Ranchi Ring Road, Varuna River, Azamgarh and expansion of ongoing projects like Varanasi Bypass, Z Morh etc. Other projects in the State of Uttar Pradesh, Jharkhand and West Bengal which are progressing to the satisfaction of the Management
(a) PROJECT COMPLETION: The current year has been satisfactory in terms of overall performance of the Company as far as the execution of the projects are concerned. The Company is successfully executing all its running projects at various locations around the country well on time. Some of the project namely Sarju Canal main and Link were bagged in F.Y. 2016-17 from U.P. Irrigation Department and completed successfully in record time in the same year. Following projects are also completed / substantially completed.
(b) NEW PROJECTS IN
HAND:
The Directors have immense pleasure in sharing that the financial year 2016-17 has been very successful year in terms of achievements of many projects, and strengthening of order book of the Company. The Company is in expansion mode and has aggressively bid for several projects in F.Y. 2016-17. As a result it has been awarded following new projects.
One of the most important project that the Company has bagged this year is Delhi – Meerut Expressway Package II having Bid Project Cost of INR 19890.000 Million which is a NHAI project and to be executed under Hybrid Annuity Mode(HAM) by another SPV of the Company. Company also been successful bidder for Upgrdation and Construction of Ranchi – Muri Road (SH – 01) in State of Jharkhand with project cost of INR 3690.000 Million on EPC basis.
STATE OF COMPANY’S
AFFAIRS:
The FY 2016-17 has been a year of outstanding performance by their many projects all over the India. Some key highlights of several projects are stated as under: company’s Ranchi Ring Road Project, Rapti National Canal, Varuna River Front Development, Azamgarh, Beharich, Shravasti is progressing well and are on schedule.
Company’s 1st DBFOT (Toll) project – Varanasi- Shaktinagar for which a SPV named “ACP Tollways Private Limited.” was promoted by the Company with 35% capital sharing was commissioned in October 2015 with 75% COD. During the year the SPV has achieved 99.54 % COD, the current toll collection is sufficient to serve the financial obligations and other necessary expenses.
Muzaffarnagar Saharanpur Company’s 2nd DBFOT (Toll) project, is progressing in line with the expectations and management is confident to achieve the COD by October 2017 (Ahead of contractual period of March 2018). The project is being developed by another SPV of the Company “Deoband Highways Private Limited.” promoted by the Company having 74 % ownership along with Chetak Enterprises having 26 % ownership.
Delhi – Meerut Expressway (Package – III): The 1st ever Hybrid Annuity Mode (HAM) project bagged by the Company in consortium with Chetak Enterprises Limited. The financial closure was done in November, 16 with IIFCL as Lead Lender. The total project cost is INR 10576.000 Million and EPC Cost is INR 9500.000 Million. The EPC work is being shared by their Company and Chetak Enterprises Limited. in 50%. Each. The Appointed Date to start the construction is achieved in December 19, 2016 and work is commenced accordingly. The project is the 1st project in India which is getting developed on Hybrid Annuity Mode. Company’s ownership interest in the SPV namely “Apco Chetak Expressway Private Limited.” which is implementing the project is 50% balance 50% is with Chetak Enterprises Limited.
Meerut- Bulandsahar (NHAI) project under HAM Basis: The Company has also bagged the 2nd HAM project in India from NHAI with a total project cost of INR 8687.700 Million and has promoted one more SPV “Freedompoint Expressway Private Limited.” a wholly owned subsidiary of the Company with 99.99% holding. The Company has achieved financial closure for the project is November 2016 with Union Bank of India as Lead Bank. The Company shall execute the total EPC of INR 7810.000 Private Limited for this SPV.
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G72586431 |
100144150 |
KOTAK MAHINDRA BANK LIMITED |
13/12/2017 |
- |
- |
57886140.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
2 |
G69770667 |
100139309 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
2376000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
3 |
G69775740 |
100139312 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
8700000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
4 |
G70005046 |
100139756 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
38910625.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
5 |
G70007299 |
100139760 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
83899136.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
6 |
G70007851 |
100139762 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
82528022.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
7 |
G70009345 |
100139764 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
49257500.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
8 |
G70011945 |
100139767 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
17100000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
9 |
G70014139 |
100139770 |
INDUSIND BANK LTD. |
15/11/2017 |
- |
- |
12540000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
10 |
G62395215 |
100134105 |
SREI EQUIPMENT FINANCE LIMITED |
01/11/2017 |
- |
- |
1235566.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
11 |
G61639399 |
100133216 |
YES BANK LIMITED |
30/10/2017 |
- |
- |
1974000.0 |
A-42,Vishal Enclave,Rajouri GardenDL110027IN |
|
12 |
G59843961 |
100130965 |
SREI EQUIPMENT FINANCE LIMITED |
14/10/2017 |
- |
- |
2232000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
13 |
G56044902 |
100127099 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
16/09/2017 |
- |
- |
3080000.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
14 |
G62446232 |
100137844 |
HDFC BANK LIMITED |
11/09/2017 |
- |
- |
101829200.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
15 |
G72217359 |
100145402 |
HDFC BANK LIMITED |
05/09/2017 |
- |
- |
3760800.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
16 |
G54422423 |
100124798 |
SREI EQUIPMENT FINANCE LIMITED |
01/09/2017 |
- |
- |
1425000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
17 |
G52462785 |
100120682 |
YES BANK LIMITED |
30/08/2017 |
- |
- |
1440400.0 |
A-42,Vishal Enclave,Rajouri GardenDL110027IN |
|
18 |
G72657240 |
100145715 |
SREI EQUIPMENT FINANCE LIMITED |
16/08/2017 |
- |
- |
151500000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
19 |
G58150608 |
100129639 |
HDFC BANK LIMITED |
11/08/2017 |
- |
- |
1224000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
20 |
G51169498 |
100117657 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/07/2017 |
- |
- |
50973031.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
21 |
G51191260 |
100117707 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
28/07/2017 |
- |
- |
64552067.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
22 |
G69421220 |
100139053 |
SREI EQUIPMENT FINANCE LIMITED |
15/07/2017 |
- |
- |
202000000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
23 |
G47120399 |
100106140 |
SREI EQUIPMENT FINANCE LIMITED |
28/06/2017 |
- |
- |
15770000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
24 |
G51117968 |
100117459 |
SUNDARAM FINANCE LIMITED |
28/06/2017 |
- |
- |
24550000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
25 |
G51120491 |
100117473 |
SUNDARAM FINANCE LIMITED |
28/06/2017 |
- |
- |
38100000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
26 |
G51121465 |
100117481 |
SUNDARAM FINANCE LIMITED |
28/06/2017 |
- |
- |
12450000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
27 |
G48791883 |
100110989 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
46455000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
28 |
G48793897 |
100111015 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
3610000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
29 |
G48792592 |
100111018 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
9167500.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
30 |
G51122364 |
100117484 |
SUNDARAM FINANCE LIMITED |
22/06/2017 |
- |
- |
24900000.0 |
21 PATULLOS ROADCHENNAITa600002IN |
|
31 |
G48806244 |
100111060 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
1107056.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
32 |
G48793665 |
100111064 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
11708750.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
33 |
G48793772 |
100111078 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
3990000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
34 |
G48793277 |
100111080 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2017 |
- |
- |
7970500.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
35 |
G47121132 |
100106112 |
SREI EQUIPMENT FINANCE LIMITED |
15/06/2017 |
- |
- |
1647300.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
36 |
G48210744 |
100109066 |
SREI EQUIPMENT FINANCE LIMITED |
15/06/2017 |
- |
- |
1995000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
37 |
G48211056 |
100109069 |
SREI EQUIPMENT FINANCE LIMITED |
15/06/2017 |
- |
- |
8550000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
38 |
G47545397 |
100107289 |
YES BANK LIMITED |
07/06/2017 |
- |
- |
1624500.0 |
A-42,Vishal Enclave,Rajouri GardenDL110027IN |
|
39 |
G45508421 |
100101841 |
YES BANK LIMITED |
23/05/2017 |
- |
- |
2544444.0 |
9th Floor, Discovery of India, Nehru Centre,Dr. Annie Besant Road, WorliMUMBAIMH400018IN |
|
40 |
G46088829 |
100103297 |
YES BANK LIMITED |
12/05/2017 |
- |
- |
71386940.0 |
9th Floor, Discovery of India, Nehru Centre,Dr. Annie Besant Road, WorliMUMBAIMH400018IN |
|
41 |
G45453297 |
100101813 |
SREI EQUIPMENT FINANCE LIMITED |
15/04/2017 |
- |
- |
3383140.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
42 |
G45452844 |
100101815 |
SREI EQUIPMENT FINANCE LIMITED |
15/04/2017 |
- |
- |
1245815.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
43 |
G45451226 |
100101802 |
SREI EQUIPMENT FINANCE LIMITED |
15/04/2017 |
- |
- |
7410000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
44 |
G45450582 |
100101806 |
SREI EQUIPMENT FINANCE LIMITED |
15/04/2017 |
- |
- |
11115000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
45 |
G45451424 |
100101808 |
SREI EQUIPMENT FINANCE LIMITED |
15/04/2017 |
- |
- |
14250000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
46 |
G41234931 |
100090266 |
YES BANK LIMITED |
25/03/2017 |
- |
- |
10669450.0 |
9th Floor, Discovery of India, Nehru Centre,Dr. Annie Besant Road, WorliMumbaiMH400018IN |
|
47 |
G44113082 |
100098247 |
INDUSIND BANK LTD. |
18/03/2017 |
- |
- |
17752270.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
48 |
G44112936 |
100098248 |
INDUSIND BANK LTD. |
18/03/2017 |
- |
- |
11020000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
49 |
G45532215 |
100101894 |
INDUSIND BANK LTD. |
18/03/2017 |
- |
- |
17752270.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMa411001IN |
|
50 |
G40231599 |
100088064 |
HDFC BANK LIMITED |
02/03/2017 |
- |
- |
2834000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
51 |
G42390856 |
100093806 |
HDFC BANK LIMITED |
13/02/2017 |
- |
- |
2014000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
52 |
G38777405 |
100084442 |
HDFC BANK LIMITED |
31/01/2017 |
- |
- |
12054430.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
53 |
G35253434 |
100076301 |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED |
24/01/2017 |
- |
- |
895869.0 |
GATEWAY BUILDING, APOLLO BUNDER,.MUMBAIMa400001IN |
|
54 |
G34854059 |
100075269 |
HDFC BANK LIMITED |
30/12/2016 |
- |
- |
19475000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
55 |
G32533531 |
100070165 |
YES BANK LIMITED |
29/12/2016 |
- |
- |
34504920.0 |
A-42,Vishal Enclave,Rajouri GardenDL110027IN |
|
56 |
G34502823 |
100074920 |
HDFC BANK LIMITED |
03/12/2016 |
- |
- |
596000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
57 |
G39620877 |
100086658 |
SREI EQUIPMENT FINANCE LIMITED |
01/12/2016 |
- |
- |
1810000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
58 |
G39057724 |
100085260 |
YES BANK LIMITED |
30/11/2016 |
- |
- |
34878813.0 |
9th Floor, Discovery of India, Nehru Centre,Dr. Annie Besant Road, WorliMumbaiMH400018IN |
|
59 |
G30067615 |
100066333 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
29/11/2016 |
- |
- |
33891250.0 |
One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN |
|
60 |
G31024730 |
100067738 |
SREI EQUIPMENT FINANCE LIMITED |
22/11/2016 |
- |
- |
46455000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor 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,
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.49 |
|
|
1 |
INR 90.91 |
|
Euro |
1 |
INR 79.06 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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.