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MIRA INFORM REPORT
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Report No. : |
516561 |
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Report Date : |
28.06.2018 |
IDENTIFICATION DETAILS
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Name : |
INDU PROJECTS LIMITED |
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Registered
Office : |
1009, “Indu Fortune Fields" 13th Phase, Kukatpally, Hyderabad - 500072, Telangana |
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Tel. No.: |
91- 40-44780000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.12.2001 |
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CIN No.: [Company Identification
No.] |
U45200TG2001PLC038175 |
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Paid-up Capital
: |
INR 1534.736 Million |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAACI8812M |
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GSTN : [Goods & Service Tax
Registration No.] |
37AAACI8812M1Z8 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is an integrated construction, infrastructure development and management company. [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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 2001 having moderate track
record. The company is continuously incurring losses from its operational
activities which has resulted into negative reserve. As per indirect source, we could find that company has made delays in
debt servicing due to its stretched liquidity position. Further, the company has also found under RBI defaulter list and has
defaulted hefty amount with several banks. Payments terms are slow and delayed. In view of the aforesaid, the company can be considered for business
dealings on safe and secured 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 (31.12.2017) |
Current Rating (01.04.2018) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
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Rating |
Fund based facilities = D |
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Rating Explanation |
The company is in default or expected to be in default soon. |
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Date |
July, 2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a defaulter
in the publicly available RBI Defaulters’ list and the details of the same are
as under:
|
Bank |
Branch |
Quarter |
Borrower Name |
Registered Address |
Director Name--DIN
no. Detail |
OutStanding Amount
( INR in Million) |
|
Punjab National Bank |
Hyderabad,Banjara Hills |
30-06-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Kukatpally, Hyderabad – 500 072 |
syamprasad reddy indukuri--00019717, vijaya bhaskar reddy basani--00101368, mar reddy basani--02194350, shankaramma indukuri--07339159 |
1028.326 |
|
Punjab National Bank |
Hyderabad,Banjara Hills |
30-09-17 |
Indu Projects Limited |
1009, indu fortune fields, 13th phase, kphb colony, kukatpally, hyderabad – 500 072 |
syamprasad reddy indukuri--00019717, vijaya bhaskar reddy basani--00101368, mar reddy basani--02194350, shankaramma indukuri--07339159 |
1028.326 |
|
Punjab National Bank |
Hyderabad,Banjara Hills |
31-12-17 |
Indu Projects Limited |
1009, indu fortune fields, 13th phase, kphb colony, kukatpally, hyderabad – 500 072 |
syamprasad reddy indukuri--00019717, vijaya bhaskar reddy basani--00101368, mar reddy basani--02194350, shankaramma indukuri--07339159 |
1028.326 |
|
Punjab National Bank |
Hyderabad, Banjara Hills |
31-03-18 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Kukatpally, Hyderabad – 500 072 |
syamprasad reddy indukuri--00019717, vijaya bhaskar reddy basani--00101368, mar reddy basani--02194350, shankaramma indukuri--07339159 |
1028.326 |
Suit-filed accounts
of INR 10.Million and above as on 27-Jun-2018 Search Details Borrower
Containing - indu projects limited
|
Bank |
Branch |
Quarter |
Borrower Name |
Registered Address |
Director Name--DIN no. Detail |
OutStanding Amount (
INR in Million) |
|
Andhra Bank |
Somajiguda |
30-06-17 |
Indu Projects Limited |
#1009,Indu Fortune Fields,13th Phase, Kphb Colony,Kukatpally, Hyd-500072. |
Indukuri Syam Prasad Reddy--19717, Basani Vijaya Bhaskar Reddy--101369, Basani Mahender Reddy--1769834, Soma Ghosal Dhar--751850, Velagapudi Mohana Ramakrishna--1263282, Yadav Rahul Kumar--1649493, Harjeet Singh Bhatia--2285424, Varadachari Kumar (Nominee Director)--6712120 |
732.500 |
|
Andhra Bank |
Somajiguda |
30-09-17 |
Indu Projects Limited |
#1009,Indu Fortune Fields,13th Phase, Kphb Colony,Kukatpally, Hyd-500072. |
Indukuri Syam Prasad Reddy--19717, Basani Vijaya Bhaskar Reddy--101369, Basani Mahender Reddy--1769834, Soma Ghosal Dhar--751850, Velagapudi Mohana Ramakrishna--1263282, Yadav Rahul Kumar--1649493, Harjeet Singh Bhatia--2285424, Varadachari Kumar (Nominee Director)--6712120 |
732.500 |
|
Andhra Bank |
Somajiguda |
31-12-17 |
Indu Projects Limited |
#1009,Indu Fortune Fields,13th Phase, Kphb Colony,Kukatpally, Hyd-500072. |
Indukuri Syam Prasad Reddy--19717, Basani Vijaya Bhaskar Reddy--101369, Basani Mahender Reddy--1769834, Soma Ghosal Dhar--751850, Velagapudi Mohana Ramakrishna--1263282, Yadav Rahul Kumar--1649493, Harjeet Singh Bhatia--2285424, Varadachari Kumar (Nominee Director)--6712120 |
732.500 |
|
Andhra Bank |
Somajiguda |
31-03-18 |
Indu Projects Limited |
#1009,Indu Fortune Fields,13th Phase, Kphb Colony,Kukatpally, Hyd-500072. |
Indukuri Syam Prasad Reddy--19717, Basani Vijaya Bhaskar Reddy--101369, Basani Mahender Reddy--1769834, Soma Ghosal Dhar--751850, Velagapudi Mohana Ramakrishna--1263282, Yadav Rahul Kumar--1649493, Harjeet Singh Bhatia--2285424, Varadachari Kumar (Nominee Director)--6712120 |
732.500 |
|
Canara Bank |
Pcb, Secunderabad |
31-12-15 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.900 |
|
Canara Bank |
Pcb, Secunderabad |
31-03-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.900 |
|
Canara Bank |
Pcb, Secunderabad |
30-06-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.900 |
|
Canara Bank |
Pcb, Secunderabad |
30-09-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.900 |
|
Canara Bank |
Pcb, Secunderabad |
31-12-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.900 |
|
Canara Bank |
Secunderabad Prime Corporate Br. |
31-03-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.967 |
|
Canara Bank |
Secunderabad Prime Corporate Br. |
30-06-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.967 |
|
Canara Bank |
Secunderabad Prime Corporate Br. |
30-09-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.967 |
|
Canara Bank |
Secunderabad Prime Corporate Br. |
31-12-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--Na, B V Bhaskar Reddy--Na, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.967 |
|
Canara Bank |
Secunderabad Prime Corporate Br. |
31-03-18 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad- 500072 |
I Shyam Prasad Reddy--19717, Vijaya Bhaskar Reddy Basani--101368, B Mahendra Reddy--Na, Harjit Singh Bhatia--Na, V M Ramakrishna--Na, Hemang Raja--Na, V Kumar--Na |
974.971 |
|
Idbi Bank Limited |
Hyderabad |
31-03-17 |
Indu Projects Limited |
#1009, Indu Fortune Fields, 13th Phase, Kphb Colony, |
Shri I Syam Prasad Reddy--00019717, Shri B V Bhaskar Reddy--101368, Smt. B Mahendra Reddy--2194350 |
4058.020 |
|
Idbi Bank Limited |
Hyderabad |
30-06-17 |
Indu Projects Limited |
#1009, Indu Fortune Fields, 13th Phase, Kphb Colony, |
Shri I Syam Prasad Reddy--00019717, Shri B V Bhaskar Reddy--101368, Smt. B Mahendra Reddy--2194350 |
4058.020 |
|
Idbi Bank Limited |
Hyderabad |
30-09-17 |
Indu Projects Limited |
#1009, Indu Fortune Fields, 13th Phase, Kphb Colony, |
Shri I Syam Prasad Reddy--00019717, Shri B V Bhaskar Reddy--101368, Smt. B Mahendra Reddy--2194350 |
4058.020 |
|
Idbi Bank Limited |
Hyderabad |
31-12-17 |
Indu Projects Limited |
#1009, Indu Fortune Fields, 13th Phase, Kphb Colony, |
Shri I Syam Prasad Reddy--00019717, Shri B V Bhaskar Reddy--101368, Smt. B Mahendra Reddy--2194350 |
4058.020 |
|
Idbi Bank Limited |
Hyderabad |
31-03-18 |
Indu Projects Limited |
#1009, Indu Fortune Fields, 13th Phase, Kphb Colony, |
Shri I Syam Prasad Reddy--00019717, Shri B V Bhaskar Reddy--101368, Smt. B Mahendra Reddy--2194350 |
4058.020 |
|
Punjab National Bank |
Hyderabad,Banjara Hills |
31-03-18 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Kukatpally, Hyderabad – 500 072 |
Syamprasad Reddy Indukuri--00019717, Vijaya Bhaskar Reddy Basani--101368, B Mar Reddy--2194350 |
1028.326 |
|
State Bank Of India |
Samb Secunderabad |
30-06-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy, (Md)--Na |
12.063 |
|
State Bank Of India |
Samb Secunderabad |
30-09-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy, (Md)--Na |
12.063 |
|
State Bank Of India |
Samb Secunderabad |
31-12-16 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy, (Md)--Na |
12.063 |
|
State Bank Of India |
Samb Secunderabad |
31-03-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy (Md)--Na |
1150.261 |
|
State Bank Of India |
Samb Secunderabad |
30-06-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy (Md)--Na |
1150.261 |
|
State Bank Of India |
Samb Secunderabad |
30-09-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy (Md)--Na |
1150.261 |
|
State Bank Of India |
Samb Secunderabad |
30-09-17 |
Indu Projects Limited Op By G |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Kukatpally, Hyderabad- 500 072. |
Sri I Shyam Prasad Reddy(Cmd)--19717, Sri B V Bhaskar Reddy(Whole Time Director)--101368 |
2525.074 |
|
State Bank Of India |
Samb Secunderabad |
31-12-17 |
Indu Projects Limited |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Hyderabad - 500072 |
I Shyam Prasad Reddy (Md)--Na |
1150.261 |
|
State Bank Of India |
Samb Secunderabad |
31-12-17 |
Indu Projects Limited Op By G |
1009, Indu Fortune Fields, 13th Phase, Kphb Colony, Kukatpally, Hyderabad- 500 072. |
Sri I Shyam Prasad Reddy(Cmd)--19717, Sri B V Bhaskar Reddy(Whole Time Director)--101368 |
2525.074 |
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
31-03-2018.
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 28.06.2018
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. Rammohan |
|
Designation : |
Not Divulged |
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Contact No.: |
91-8790999619 |
|
Date : |
24.06.2018 |
LOCATIONS
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Registered Office / Corporate Office : |
1009, “Indu Fortune Fields" 13th Phase, Kukatpally, Hyderabad - 500072, Telangana, India |
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Tel. No.: |
91- 40-44780000 |
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Mobile No.: |
91-8790999619 (Mr. Rammohan) |
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Fax No.: |
91-40-44780224 |
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E-Mail : |
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Website : |
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Head Office : |
504, Loha Bhavan, P. D'Mello Road, Mumbai - 400009, Maharashtra, India |
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Tel. No.: |
91-22-23422796 / 23420686 |
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Delhi Office: |
206, Red Rose Bldg., Nehru Place, New Delhi - 110019, India |
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Tel. No.: |
91-11-26468040 / 60 |
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Fax No.: |
91-11-26476077 |
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Kolkatta Office : |
Nahar Park 1st Floor, 45/4A Chakraberia Road (South), Kolkatta – 700025, West Bengal, India |
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Tel. No.: |
91-33-2486 3540 / 3593 / 3594 |
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Fax No.: |
91-33-2486 3541 |
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Marol Works: |
Marol Naka, Mathurdas Vasanji Road, Andheri (East), Mumbai – 400059, Maharashtra, India |
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Tel. No.: |
91-22-28508306 / 28503348 / 28504737 / 28509349 |
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Fax No.: |
91-22-2850 6740 |
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Thane Works: |
B-40, Wagle Industrial Estate, Road No. 23, Thane - 400604, Maharashtra, India |
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Tel. No.: |
91-22-25822347 / 25822348 |
DIRECTORS
As on 2018
|
Name : |
Mr. Syam Prasad Reddy Indukuri |
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Designation : |
Managing Director |
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Address : |
Plot No.973/A, Near Chirac Public School Road No. 49, Jubilee Hills, Hyderabad – 500033, Telangana, India |
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Date of Birth/Age : |
28.06.1959 |
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Qualification: |
Professional |
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Date of Appointment : |
01.04.2002 |
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PAN No.: |
AADPI1621C |
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DIN No.: |
00019717 |
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Other Directorship:
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Name : |
Mr. Vijaya Bhaskar Reddy Basani |
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Designation : |
Whole Time Director |
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Address : |
Villa No. 234, Indu Fortune Fields 13th Phase, KPHB, Kukatpally, Hyderabad -500072, Telangana, India |
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Date of Birth/Age : |
10.07.1966 |
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Qualification: |
Professional |
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Date of Appointment : |
01.04.2002 |
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PAN No.: |
ABFPB5673A |
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DIN No.: |
00101368 |
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Other Directorship:
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Name : |
Mar Reddy Basani |
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Designation : |
Director |
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Address : |
Flat No: G, Eden Banjara Apartment Road No: 2, Arora Colony, Banjara Hills Hyderabad – 500034, Telangana, India |
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Date of Birth/Age : |
01.10.1939 |
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Qualification: |
Professional |
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Date of Appointment : |
30.06.2015 |
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PAN No.: |
ACEPB4104C |
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DIN No.: |
02194350 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Ms. Swathi Tiruvarur Gopalakrishnan |
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Designation : |
Company Secretary |
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Address : |
405, F-Block, Satyanarayana Enclave, Madinaguda, Hyderabad - 500049, Telangana, India |
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Date of Appointment : |
10.08.2015 |
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PAN No.: |
BHXPS9388A |
MAJOR SHAREHOLDERS
As on 31.03.2017
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
59.39 |
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Promoters (Body corporate) |
9.62 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
3.62 |
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Public/Other than promoters (Individual/Hindu Undivided Family – Non Resident Indian) |
1.41 |
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Financial institutions |
1.45 |
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Venture capital |
9.84 |
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Body corporate |
7.10 |
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FDI/Trusts |
7.57 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is an integrated construction, infrastructure development and management company. [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 : |
|
|
Auditors : |
|
|
Name : |
M.N. Rao and Associates Chartered Accountants |
|
Address : |
Plot No 238/A, MLA S Colony, Road No 12, Banjara Hills, Hyderabad – 500034, Telangana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFM5654P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises where
Key Management Personnel have significant influence (significant interest
entities) : |
|
|
|
|
|
Enterprises where
joint control exists (JCE) : |
|
|
|
|
|
Enterprises where
significant influence exists (Associates) : |
|
|
|
|
|
Enterprise where
control exists (Subsidiaries) : |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
177,000,000 |
Equity Shares |
INR 10/- each |
INR 1770.000 Million |
|
23,000,000 |
Preference Shares |
INR 10/- each |
INR 230.000 Million |
|
|
Total |
|
INR 2000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
141,340,750 |
Equity Shares |
INR 10/- each |
INR 1413.407 Million |
|
12,132,880 |
Preference Shares |
INR 10/- each |
INR 121.329 Million |
|
|
Total |
|
INR 1534.736
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1534.736 |
1534.736 |
1534.736 |
|
(b) Reserves and Surplus |
(819.967) |
(161.383) |
927.468 |
|
(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) |
714.769 |
1373.353 |
2462.204 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3651.984 |
6222.259 |
8231.726 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
2606.128 |
1592.881 |
1555.448 |
|
(d) long-term
provisions |
12.201 |
14.960 |
15.146 |
|
Total Non-current
Liabilities (3) |
6270.313 |
7830.100 |
9802.320 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
8511.213 |
7837.310 |
6314.350 |
|
(b) Trade
payables |
321.159 |
450.664 |
720.537 |
|
(c) Other current
liabilities |
9129.470 |
7306.481 |
6467.158 |
|
(d) Short-term
provisions |
36.244 |
34.033 |
33.923 |
|
Total Current
Liabilities (4) |
17998.086 |
15628.488 |
13535.968 |
|
|
|
|
|
|
TOTAL |
24983.168 |
24831.941 |
25800.492 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
621.354 |
732.077 |
916.408 |
|
(ii)
Intangible Assets |
0.025 |
0.671 |
3.802 |
|
(iii) Tangible assets
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 |
3323.302 |
3324.845 |
3325.007 |
|
(c) Deferred tax assets (net) |
3682.179 |
3347.916 |
2283.403 |
|
(d)
Long-term loans and advances |
6475.254 |
6445.095 |
6472.922 |
|
(e) Other
Non-current assets |
4311.571 |
4749.866 |
5012.947 |
|
Total Non-Current
Assets |
18413.685 |
18600.470 |
18014.489 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
67.743 |
258.228 |
423.552 |
|
(c) Trade
receivables |
1186.815 |
1010.452 |
1516.321 |
|
(d) Cash and
bank balances |
48.196 |
44.652 |
34.469 |
|
(e)
Short-term loans and advances |
1910.501 |
1961.671 |
2888.576 |
|
(f) Other
current assets |
3356.228 |
2956.468 |
2923.085 |
|
Total
Current Assets |
6569.483 |
6231.471 |
7786.003 |
|
|
|
|
|
|
TOTAL |
24983.168 |
24831.941 |
25800.492 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
4482.725 |
5326.121 |
3732.408 |
|
|
Other Income |
28.655 |
20.146 |
11.248 |
|
|
TOTAL |
4511.380 |
5346.267 |
3743.656 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
5091.840 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
43.595 |
17.748 |
|
|
Employee benefit expense |
90.780 |
101.810 |
228.041 |
|
|
Other expenses |
5277.296 |
7150.795 |
662.935 |
|
|
TOTAL |
5368.076 |
7296.200 |
6000.564 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(856.696) |
(1949.933) |
(2256.908) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
33.580 |
81.624 |
852.747 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(890.276) |
(2031.557) |
(3109.655) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
100.458 |
118.734 |
174.157 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(990.734) |
(2150.291) |
(3283.812) |
|
|
|
|
|
|
|
Less |
TAX |
(334.263) |
(1064.513) |
(2283.403) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(656.471) |
(1085.778) |
(1000.409) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
(4.277) |
(7.075) |
(6.518) |
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(253.287) |
(1366.732) |
100.010 |
|
Net cash flows from (used in) operating activity |
(1162.915) |
(1733.308) |
100.010 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
96.63 |
69.25 |
148.28 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.78 |
5.27 |
2.46 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
51.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(12.65) |
(7.55) |
(5.33) |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(1.38) |
(2.66) |
(2.45) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.87 |
0.88 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
17.02 |
10.24 |
5.91 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
25.18 |
11.38 |
5.50 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.87 |
0.53 |
0.37 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(25.51) |
(23.89) |
(2.65) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(14.64) |
(20.39) |
(26.80) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.63) |
(4.37) |
(3.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(91.84) |
(79.06) |
(40.63) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.37 |
0.40 |
0.58 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.36 |
0.38 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.03 |
0.06 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.93 |
9.16 |
9.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.37 |
0.40 |
0.58 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
in Million) |
(INR
in Million) |
(INR
in Million) |
|
Share Capital |
1534.736 |
1534.736 |
1534.736 |
|
Reserves & Surplus |
927.468 |
(161.383) |
(819.967) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2462.204 |
1373.353 |
714.769 |
|
|
|
|
|
|
long-term borrowings |
8231.726 |
6222.259 |
3651.984 |
|
Short term borrowings |
6314.350 |
7837.310 |
8511.213 |
|
Total
borrowings |
14546.076 |
14059.569 |
12163.197 |
|
Debt/Equity
ratio |
5.908 |
10.237 |
17.017 |
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 |
3732.408 |
5326.121 |
4482.725 |
|
|
|
42.699 |
(15.835) |
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 |
3732.408 |
5326.121 |
4482.725 |
|
Profit/ (Loss) |
(1000.409) |
(1085.778) |
(656.471) |
|
|
(26.80
%) |
(20.39
%) |
(14.64
%) |
LEGAL
CASE
TATA CAPITAL FINANCIAL SERVICES LIMITED
FORMERLY VS INDU PROJECTS LIMITED
High court –
Mumbai
Case no : 16
Chs/981/2014
Case status :
Pending
Judge : Hon’ble Shri
Justice S.C. Gupte
Date : 2015-02-09
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 |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
Yes |
|
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 1539 Avenue 1st 17, Road No. 12, Banjara Hills,
Hyderabad-500034, Andhra Pradesh, India to the present address w.e.f. 29.06.2006
COMPANY OVERVIEW
The company is an integrated construction, infrastructure development and management company headquartered in Hyderabad, India.
The Company is diversified in a range of construction and infrastructure projects in various sectors such as irrigation, power transmission and distribution, and residential, commercial and retail property. The construction business is operated directly by the Company and the developer business operated through its subsidiaries, jointly controlled entities and associates.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
316.675 |
316.675 |
|
Total |
316.675 |
316.675 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
B73975815 |
10394729 |
BANK OF INDIA |
07/12/2012 |
28/03/2013 |
28635000000.0 |
LARGE CORPORATE BRANCH, KHAIRATABAD, AC GUARDS MASAB TANK, PTI BUILDING, HYDERABADAP500004IN |
|
2 |
B19851740 |
10304758 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
25/07/2011 |
- |
256740000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATAWB700046IN |
|
3 |
B14951644 |
10292078 |
BANK OF INDIA |
26/04/2011 |
- |
3800000000.0 |
KHAIRATABAD BRANCH, GROUND FLOOR, PTI BUILDINGA.C.GUARDS, MASAB TANKHYDERABADAP500004IN |
|
4 |
B12923199 |
10287553 |
BAJAJ FINANCE LIMITED |
30/03/2011 |
- |
11784541.0 |
AKURDI PUNE-PUNEMH411035IN |
|
5 |
B06362776 |
10267824 |
BAJAJ FINANCE LIMITED |
31/01/2011 |
- |
9001926.0 |
AKURDI PUNE-PUNEMH411035IN |
|
6 |
C53888194 |
10285202 |
EDELWEISS ASSET RECONSTRUCTION COMPANY LIMITED |
22/01/2011 |
31/03/2015 |
1000000000.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD,KALINA,MUMBAIMH400098IN |
|
7 |
B03461506 |
10433016 |
BANK OF INDIA |
24/11/2010 |
- |
250000000.0 |
KHAIRATABAD BRANCH, GROUND FLOOR, PTI BUILDINGA.C.GUARDS, MASAB TANKHYDERABADAP500004IN |
|
8 |
B25751066 |
10237854 |
PUNJAB NATIONAL BANK |
30/08/2010 |
28/09/2011 |
1500000000.0 |
LARGE CORPORATE BRANCH8-2-672,SUFI CHAMBERS,ROAD NO.1,BANJARA HILLSHYDERABADAP500034IN |
|
9 |
A90988056 |
10233538 |
STATE BANK OF HYDERABAD |
22/06/2010 |
- |
500000000.0 |
INDUSTRIAL FINANCE BRANCH, TOPAZAMRUTHA HILLS, PUNJAGUTTA, HYDERABADAP500082IN |
|
10 |
B38685467 |
10374845 |
IDBI BANK LIMITED |
18/06/2010 |
- |
600000000.0 |
IDBI TOWER, W.T.C. COMPLEX, CUFFEE PARADE, MUMBAI-400005IN |
FIXED ASSETS
Tangible Assets
·
Building
·
Plant and Equipment
· Factory Equipment
·
Furniture and Fixture
·
Vehicles
· Motor vehicles
Intangible assets
- Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 68.17 |
|
|
1 |
INR 90.47 |
|
Euro |
1 |
INR 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.