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MIRA INFORM REPORT
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Report No. : |
488753 |
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Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
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Name : |
YFC PROJECTS PRIVATE LIMITED (w.e.f.07.09.2001) |
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Formerly Known
As : |
FRIENDS ESTATES PRIVATE LIMITED |
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Registered
Office : |
YFC House, B-14 Infocity, Sector-34, Gurugram -122001,
Haryana |
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Tel. No.: |
91-124-4368717 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
17.04.1986 |
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Com. Reg. No.: |
05-057072 |
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Capital
Investment / Paid-up Capital : |
INR 12.233 Million |
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CIN No.: [Company Identification
No.] |
U74899HR1986PTC057072 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACF1998B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of civil and road
construction. (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1600000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1986 and it is engaged in developing multi-storeyed building construction projects, infrastructure involving roads, highways, bridges and runways and metro rail projects. It also undertakes Engineering Procurement and Construction (EPC) projects for the state and central government. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the FY 2017 are not available from any other sources. As per financials of March 2016, the company has registered a growth of 16.69% in its revenue as compared to its previous year’s revenue and has reported fair profit margin of 4.71% under review. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Further, the company has reported a good earnings per share of INR 751.63 against its face value of INR 100. However, rating strength is partially offset by its presence in highly competitive nature of business and susceptibility of operating performance to regulatory risks. Payments seems to be slow but correct. In view of aforesaid, the company can be considered 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 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
SMERA |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
15.06.2017 |
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Rating Agency Name |
SMERA |
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Rating |
Short Term Rating = A2 |
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Rating Explanation |
Strong degree of safety and low credit risk |
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Date |
15.06.2017 |
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 DENIED BY
|
Name : |
Mr. Anupam |
|
Designation : |
Purchase department |
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Contact No.: |
91-9560798217 |
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Date : |
29.01.2018 |
Management Non-Cooperative (91-124-4368717/4369717)
LOCATIONS
|
Registered Office : |
YFC House, B-14 Infocity, Sector-34, Gurugram -122001,
Haryana |
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Tel. No.: |
91-124-4368717 |
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Mobile No.: |
91-9560798217 (Mr. Anupam) |
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Fax No.: |
91-124-4379717 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
56 A, DDA Shopping Complex, Ring Road , Defence Colony, New Delhi –
110039, India |
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Branch Office 2 : |
39/2, Rampur Bangar, Tehsil Jewar, Gautam Buddh Nagar – 201301, Uttar
Pradesh, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Devinder Kumar Yadav |
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Designation : |
Director |
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Address : |
47 Sector- 15, Part - 1 Gurugram – 122001, Haryana, India |
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Date of Birth/Age : |
31.01.1965 |
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Qualification: |
MBA |
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Date of Appointment : |
15.11.1997 |
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DIN No.: |
00117638 |
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Other Directorship:
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Name : |
Mr. Yoginder Yadav |
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Designation : |
Director |
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Address : |
47 Sector- 15, Part - 1 Gurugram – 122001, Haryana, India |
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Date of Appointment : |
10.09.2015 |
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DIN No.: |
00470667 |
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Other
Directorship:
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Name : |
Mr. Rajinder Kumar Yadav |
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Designation : |
Director |
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Address : |
47 Sector- 15, Part - 1 Gurugram – 122001, Haryana, India |
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Date of Birth/Age : |
15.06.1958 |
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Qualification: |
MBA |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00929570 |
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Other
Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Anupam |
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Designation : |
Purchase department |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Devinder Kumar Yadav |
42683 |
|
Rajinder Kumar Yadav |
25973 |
|
Parveen Yadav |
1591 |
|
Rishal Yadav |
1282 |
|
Anil Kumar Yadav |
7000 |
|
Devinder Kumar Yadav - HUF |
4500 |
|
Rajinder Kumar Yadav- HUF |
4500 |
|
Krishna Yadav |
10 |
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Dharambir Gaba |
10 |
|
Rohit Yadav |
11700 |
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Yoginder Yadav |
14200 |
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Manish Yadav |
8881 |
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Total |
122330 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
62.73 |
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Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
29.91 |
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Public/Other than promoters- Others |
7.36 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of civil and road
construction. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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Name : |
Arora Gupta and Goel Chartered Accountants |
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Address : |
G - 1 5 , LGF, NDSE-II, New Delhi -110049, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFA7190F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company: |
YFC Concrete Private Limited – [U45201HR2011PTC042775] YFC Minerals Private Limited – [U45400HR2011PTC042761] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
INR 100/- each |
INR 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
122330 |
Equity Shares |
INR 100/- each |
INR 12.233 Million |
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FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12.233 |
12.233 |
12.233 |
|
(b) Reserves &
Surplus |
554.425 |
462.478 |
376.524 |
|
(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) |
566.658 |
474.711 |
388.757 |
|
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|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
330.367 |
113.475 |
306.128 |
|
(b) Deferred tax
liabilities (Net) |
31.276 |
33.702 |
12.475 |
|
(c) Other long term
liabilities |
2.368 |
1.476 |
11.233 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
364.011 |
148.653 |
329.836 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
379.744 |
276.593 |
288.559 |
|
(b) Trade payables |
419.437 |
134.753 |
197.881 |
|
(c) Other current
liabilities |
516.394 |
390.154 |
294.077 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
1315.574 |
801.499 |
780.517 |
|
|
|
|
|
|
TOTAL |
2246.244 |
1424.864 |
1499.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
651.431 |
499.932 |
548.039 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
74.301 |
56.570 |
8.760 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
90.346 |
9.939 |
10.708 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
816.078 |
566.441 |
567.507 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
146.232 |
90.407 |
227.403 |
|
(c) Trade receivables |
442.644 |
396.206 |
522.951 |
|
(d) Cash and cash
equivalents |
308.041 |
144.199 |
125.351 |
|
(e) Short-term loans and
advances |
137.277 |
69.644 |
29.703 |
|
(f) Other current assets |
395.972 |
157.967 |
26.195 |
|
Total Current Assets |
1430.165 |
858.422 |
931.603 |
|
|
|
|
|
|
TOTAL |
2246.244 |
1424.864 |
1499.110 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1954.004 |
1674.563 |
1601.742 |
|
|
Other Income |
29.525 |
9.030 |
9.112 |
|
|
TOTAL |
1983.529 |
1683.593 |
1610.854 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1523.476 |
1322.897 |
934.235 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
(20.416) |
|
|
Employees benefits
expense |
164.557 |
128.632 |
126.565 |
|
|
Other expenses |
26.156 |
20.701 |
377.692 |
|
|
TOTAL |
1714.189 |
1472.230 |
1418.076 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
269.340 |
211.363 |
192.778 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
91.935 |
79.904 |
80.517 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
177.405 |
131.459 |
112.261 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
62.429 |
54.747 |
52.894 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
114.976 |
76.712 |
59.367 |
|
|
|
|
|
|
|
Less |
TAX |
23.029 |
41.907 |
19.524 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
91.947 |
34.805 |
39.843 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
751.63 |
284.52 |
325.7 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
65.220 |
88.073 |
109.131 |
|
Cash generated from operations |
173.387 |
318.681 |
NA |
|
Net cash flows from (used in) operations |
147.933 |
298.001 |
61.231 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
82.68 |
86.36 |
119.17 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.41 |
4.23 |
3.06 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
100.49 |
37.18 |
77.31 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.84 |
2.34 |
0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.41 |
0.42 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.70 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.37 |
1.01 |
1.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.32 |
1.69 |
2.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.15 |
1.05 |
1.41 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.93 |
2.65 |
2.39 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.71 |
2.08 |
2.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.09 |
2.44 |
2.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.23 |
7.33 |
10.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.09 |
1.07 |
1.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.98 |
0.96 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.33 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
63.38 |
39.09 |
57.53 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.09 |
1.07 |
1.19 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
12.233 |
12.233 |
12.233 |
|
Reserves & Surplus |
376.524 |
462.478 |
554.425 |
|
Net worth |
388.757 |
474.711 |
566.658 |
|
|
|
|
|
|
long-term borrowings |
306.128 |
113.475 |
330.367 |
|
Short term borrowings |
288.559 |
276.593 |
379.744 |
|
Current Maturities of
Long term debt |
109.131 |
88.073 |
65.220 |
|
Total borrowings |
703.818 |
478.141 |
775.331 |
|
Debt/Equity ratio |
1.810 |
1.007 |
1.368 |
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 |
1601.742 |
1674.563 |
1954.004 |
|
|
|
4.546 |
16.687 |
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 |
1601.742 |
1674.563 |
1954.004 |
|
Profit/(Loss) |
39.843 |
34.805 |
91.947 |
|
|
2.49% |
2.08% |
4.71% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
12.233 |
12.233 |
|
(b) Reserves and Surplus |
545.330 |
462.478 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
557.563 |
474.711 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
392.294 |
113.475 |
|
(b) Deferred tax liabilities (Net) |
25.447 |
33.702 |
|
(c) Other long-term
liabilities |
2.368 |
1.476 |
|
(d) long-term
provisions |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
420.109 |
148.653 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
379.744 |
276.593 |
|
(b) Trade
payables |
430.505 |
134.753 |
|
(c) Other
current liabilities |
558.843 |
390.153 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
1369.092 |
801.499 |
|
|
|
|
|
TOTAL |
2346.764 |
1424.863 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
702.938 |
499.932 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
60.606 |
56.570 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
21.455 |
9.939 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
784.999 |
566.441 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a) Current
investments |
0.000 |
0.000 |
|
(b)
Inventories |
153.139 |
90.407 |
|
(c) Trade
receivables |
419.881 |
396.206 |
|
(d) Cash and
bank balances |
440.011 |
144.199 |
|
(e)
Short-term loans and advances |
151.238 |
69.644 |
|
(f) Other
current assets |
397.496 |
157.966 |
|
Total
Current Assets |
1561.765 |
858.422 |
|
|
|
|
|
TOTAL |
2346.764 |
1424.863 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1966.938 |
1674.563 |
|
|
Other Income |
22.828 |
9.030 |
|
|
TOTAL |
1989.766 |
1683.593 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
1524.088 |
1322.897 |
|
|
Employee benefit expense |
166.532 |
128.632 |
|
|
Other expenses |
26.536 |
20.701 |
|
|
Exceptional items before tax |
(0.012) |
0.000 |
|
|
TOTAL |
1717.144 |
1472.230 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
272.622 |
211.363 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
101.991 |
79.904 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
170.631 |
131.459 |
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
74.388 |
54.747 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
96.243 |
76.712 |
|
|
|
|
|
|
Less |
TAX |
23.071 |
41.907 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
73.172 |
34.805 |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
598.15 |
284.51 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
Note: Registered office
of the company has been shifted from “B-28, Shivalik, Malviya Nagar, New Delhi –
110017, India” to the present address w.e.f.07.04.2011
Corporate
information
The company was incorporated on 17/04/1986. The Company is engaged in the business of civil and road construction. During the year the company changed its registered office from New Delhi to Gurugram. The company has site offices at various locations.
Company's affair:
During the period the gross revenue increased from INR 1683.593 Million in FY 2014-15 to INR 1983.529 Million in FY 2015-16 and the profit during the financial year 2015-16 increased to INR 91.947 Million against the profit of INR 34.805 Million in the financial year 2014-15.
UNSECURED LOANS:
|
Particulars |
31.03.2016 INR In Million |
31.03.2015 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances
from related parties |
53.242 |
59.745 |
|
Total |
53.242 |
59.745 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G74667635 |
100143872 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
20/12/2017 |
20/12/2017 |
- |
49000000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
2 |
G63651632 |
100135141 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
13/10/2017 |
- |
- |
93780000.0 |
ONE FORBES,DR. V. B. GANDHI MARG, FORTMUMBAIMH400001IN |
|
3 |
G74808981 |
100149750 |
ICICI BANK LIMITED |
28/08/2017 |
- |
- |
2028800.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
4 |
G73979841 |
100147763 |
YES BANK LIMITED |
28/03/2017 |
- |
- |
300000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
5 |
G74612573 |
100082395 |
KOTAK MAHINDRA BANK LIMITED |
06/03/2017 |
15/01/2018 |
- |
496000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
6 |
G36619823 |
100079165 |
ICICI BANK LIMITED |
20/01/2017 |
- |
- |
33000000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
7 |
G34474726 |
100074424 |
ICICI BANK LIMITED |
29/12/2016 |
- |
- |
1734000.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
8 |
G28726602 |
100064460 |
ICICI BANK LIMITED |
28/10/2016 |
- |
- |
2457800.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
9 |
G33927450 |
100073839 |
ICICI BANK LIMITED |
29/09/2016 |
- |
- |
2523500.0 |
ICICI BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
10 |
G10868669 |
100048162 |
ICICI BANK LIMITED |
26/07/2016 |
- |
- |
8788200.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGU390015IN |
FIXED ASSETS:
Tangible assets
- Land
- 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,
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 : |
SHW |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKTS |
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.