|
|
|
MIRA INFORM REPORT
|
Report No. : |
497324 |
|
Report Date : |
19.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
ALFARA’A INFRAPROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
102, 1st Floor, Baba House Building, Situated at No. 86, M.V.
Road, Near Western Express, Highway, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-67145555 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
18.01.2011 |
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|
|
|
Com. Reg. No.: |
11-212453 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 225.319 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400MH2011PTC212453 |
|
|
|
|
TIN No.: |
Not Divulged |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAJCA2429D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAJCA2429D1ZY |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Contractor for buildings, residential building, wholesale trading in steel. (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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2011 and it is a part of
“Alfara’a Group, U. A. E”. It is engaged in the business of civil
construction activities. Management has failed to file its financial for the year 2017 with
Registrar of Companies. As per available financials of March 2016, the company has achieved
decent growth in its revenue as compared to its previous year along with fair
profit margin during the year. However, the company possesses moderate financial risk profile marked
by below average net worth base and high gearing mainly due to high reliance
on working capital debt. Further, as per indirect source we could find that the company’s weak
liquidity is marked by recent delays in servicing of term debt, over
utilization of found based limits has resulted in Cash flow mismatch. This
delays in debt servicing remains sensitive on rating factor. However, these rating weakness gets partially offset by established
track record of its business operations and healthy brand image in both
Emirates and India. Payments seems to be slow and delayed. In view of aforesaid, the company can be considered for business
dealings at fully safe and secured 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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
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 19.03.2018.
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 - CO-OPERATIVE
(TEL NO: 91-022-67145555)
LOCATIONS
|
Registered Office : |
102, 1st Floor, Baba House Building, Situated at No. 86, M.V.
Road, Near Western Express, Highway, Andheri (East), Mumbai – 400093,
Maharashtra |
|
Tel. No.: |
91-22-67145555 |
|
Fax No.: |
91-22-67145544 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
101/102, 1st Floor, Baba House, Near Cinemax Theatre
Chakala |
|
Tel No.: |
91-22-67145555 |
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|
|
|
Regional Office : |
Electronic City Phase 1, Bangalore – 560100, Karnataka, India |
|
Tel No.: |
91-80-30243300 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Jawaharlal Rijhumal Gangaramani |
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|
Designation : |
Director |
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|
Address : |
B-1/191, Snehadhara, Dadabhai Cross Road No. 3, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
||||||||||||||||||||||||||||
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Date of Birth/Age : |
21.12.1949 |
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Qualification : |
Graduate |
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Date of Appointment : |
18.01.2011 |
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DIN No.: |
02974588 |
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Other Directorship:
|
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|
||||||||||||||||||||||||||||
|
Name : |
Mr. Nitesh Motilal Gangaramani |
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|
Designation : |
Additional Director |
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|
Address : |
B-1-191, Snehadhara Co-operative Housing Society, Dadabhai Cross Road No. 3, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.03.1957 |
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Qualification : |
Bachelor Degree in Civil Engineering, MBA |
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Date of Appointment : |
01.07.2014 |
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DIN No.: |
06519463 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age |
|
Jawaharlal Rijhumal Gangaramani |
14636360 |
66.60 |
|
Nitesh Motilal Gangaramani |
7340000 |
33.40 |
|
Total |
21976360 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family - Non-resident Indian (NR))) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Contractor for buildings, residential building, wholesale trading in steel. (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 Available |
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Imports : |
Not Available |
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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 : |
Gautam Shah and Associates Chartered Accountants |
|
Address : |
A 11 Alka 1st Floor Dadabhai Road, Next To Flyover Near, CNMS School, Vile Parle (West), Mumbai – 400056, India, Maharashtra |
|
Tel. No.: |
91-22-26260400 |
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Telefax No.: |
91-22-26240400 |
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E-Mail : |
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|
Website : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAFFG2080F |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their relatives (As on
31.03.2016): |
· Alfara'a General Contracting Private Limited, India (CIN No- U45200MH2007PTC169368) · Alfara'a Properties Private Limited, India (CIN No- U45400MH2007PTC169369) ·
Belgium Aluminium and Glass Industries Private
Limited, India (CIN No- U27203MH2007PTC172488) ·
Unibeton Ready Mix Private Limited , India
(CIN No-U26960MH2011PTC212600) · Williams and Jones Engineering Consultants Private Limited, India (CIN No-U74200MH2007PTC171111) |
CAPITAL STRUCTURE
After 29.09.2016
Authorised Capital: INR 250.000 Million
Issued, Subscribed & Paid-up Capital: INR 225.319
Million
As on 29.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21976360 |
Equity Shares |
INR 10/- each |
INR 219.764
Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
219.764 |
219.764 |
219.764 |
|
(b) Reserves & Surplus |
342.133 |
182.320 |
52.194 |
|
(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) |
561.897 |
402.084 |
271.958 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
271.866 |
121.910 |
106.624 |
|
(b) Deferred tax liabilities (Net) |
33.642 |
14.135 |
9.918 |
|
(c) Other long term
liabilities |
290.035 |
313.510 |
323.799 |
|
(d) Long-term
provisions |
7.573 |
5.326 |
3.356 |
|
Total Non-current
Liabilities (3) |
603.116 |
454.881 |
443.697 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1336.113 |
646.780 |
541.140 |
|
(b) Trade
payables |
849.254 |
583.899 |
385.819 |
|
(c) Other
current liabilities |
417.329 |
362.764 |
289.336 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
2602.696 |
1593.443 |
1216.295 |
|
|
|
|
|
|
TOTAL |
3767.709 |
2450.408 |
1931.950 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
951.476 |
598.046 |
283.249 |
|
(ii)
Intangible Assets |
2.066 |
0.187 |
1.399 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
1.969 |
|
(iv)
Intangible assets under development |
0.000 |
1.221 |
0.585 |
|
(b) Non-current Investments |
1.500 |
1.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
955.042 |
600.954 |
287.202 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
358.577 |
163.605 |
151.686 |
|
(c) Trade
receivables |
620.803 |
247.592 |
349.606 |
|
(d) Cash
and cash equivalents |
118.195 |
79.746 |
138.651 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
1715.092 |
1358.511 |
1004.805 |
|
Total
Current Assets |
2812.667 |
1849.454 |
1644.748 |
|
|
|
|
|
|
TOTAL |
3767.709 |
2450.408 |
1931.950 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
4932.124 |
3189.915 |
1624.928 |
|
|
Other Income |
14.460 |
5.732 |
6.437 |
|
|
TOTAL |
4946.584 |
3195.647 |
1631.365 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Material Consumed |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
74.329 |
67.878 |
52.383 |
|
|
CSR expenditure |
1.669 |
0.589 |
0.000 |
|
|
Other expenses |
4414.325 |
2709.207 |
1398.472 |
|
|
TOTAL |
4490.323 |
2777.674 |
1450.855 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
456.261 |
417.973 |
180.510 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
178.646 |
173.241 |
84.550 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
277.615 |
244.732 |
95.960 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
53.060 |
77.067 |
38.679 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
224.555 |
167.665 |
57.281 |
|
|
|
|
|
|
|
Less |
TAX |
64.741 |
37.539 |
23.998 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
159.814 |
130.126 |
33.283 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
423.300 |
1077.900 |
0.000 |
|
|
TOTAL EARNINGS |
423.300 |
1077.900 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.000 |
0.000 |
|
|
Components and Stores
parts |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
10.244 |
26.120 |
1.070 |
|
|
TOTAL IMPORTS |
10.244 |
26.120 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
7.64 |
5.92 |
1.51 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(177.553) |
400.529 |
(38.680) |
|
Net cash flow from operating activity |
(177.553) |
400.529 |
(38.680) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.94 |
28.33 |
78.53 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
7.94 |
12.88 |
4.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
13.58 |
19.11 |
10.41 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.11 |
5.22 |
5.50 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.70 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.86 |
1.91 |
2.38 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.63 |
3.96 |
4.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.70 |
1.49 |
1.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
27.26 |
18.05 |
18.68 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
3.24 |
4.08 |
2.05 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.24 |
5.31 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
28.44 |
32.36 |
12.24 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.08 |
1.16 |
1.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.94 |
1.06 |
1.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.16 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.32 |
3.50 |
2.95 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.08 |
1.16 |
1.35 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
219.764 |
219.764 |
219.764 |
|
Reserves & Surplus |
52.194 |
182.320 |
342.133 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
271.958 |
402.084 |
561.897 |
|
|
|
|
|
|
long-term borrowings |
106.624 |
121.910 |
271.866 |
|
Short term borrowings |
541.140 |
646.780 |
1336.113 |
|
Current Maturities of
Long term debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
647.764 |
768.690 |
1607.979 |
|
Debt/Equity ratio |
2.382 |
1.912 |
2.862 |
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 |
1624.928 |
3189.915 |
4932.124 |
|
|
|
96.311 |
54.616 |
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 |
1624.928 |
3189.915 |
4932.124 |
|
Profit/(Loss) |
33.283 |
130.126 |
159.814 |
|
|
2.05% |
4.08% |
3.24% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
PERFORMANCE REVIEW
During the year ended 31st March, 2016, the company has achieved Total Revenues (i.e. Revenue from operation and other Income of INR 4946.584 Million as against INR 3195.647 Million for the previous year ended. The Company has achieved Profit before Tax INR 224.555 Million for the current year as against INR 167.665 Million for previous year.
GROWTH PROSPECT/CAPEX
The company has a business plan worth of INR 1500.000 Million for execution in coming year. Considering the present economic growth and the scope for development of real estate and infrastructure sector, the directors are confident that the company will increase the current market share in the coming year and in order to augment the growth of company is actively involved to evaluate the required resources and funding options.
The company is committed to continuously invest in the infrastructure well in advance to complement its growth plans and to cater to customers in more efficient and cost-effective manner.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G75595041 |
100151391 |
UNION BANK OF INDIA |
01/02/2018 |
- |
- |
2450000000.0 |
VILE PARLE (WEST) BRANCH, 11, VITHAL NAGAR C.H.S, 10TH ROAD, J V P D SCHEME, VILE PARLE (WEST), MUMBAI-400049, MAHARSHTRA, INDIA |
|
2 |
G50834522 |
100066976 |
Union Bank of India |
02/05/2016 |
03/07/2017 |
- |
2560000000.0 |
11, VITHAL NAGAR CO-OP HSG SOC., 10TH ROAD,J.V.P.D. SCHEME, VILE PARLE(WEST), MUMBAI - 400049 MAHARSHTRA, INDIA |
|
3 |
G74315862 |
10613570 |
Abu Dhabi Commercial Bank PJSC |
19/09/2015 |
26/12/2017 |
- |
410000000.0 |
28, GROUND FLOOR, "CITI CENTRE", CHURCH STREET, BANGALORE – 560001, KARNATAKA, INDIA |
|
4 |
C78034857 |
10544128 |
Corporation Bank |
27/12/2014 |
30/12/2015 |
- |
798500000.0 |
LARGE CORPORATE BRANCH, EAGLES FLIGHT, SUREN ROAD, ANDHERI (EAST), MUMBAI - 400093 MAHARSHTRA, INDIA |
|
5 |
B97708721 |
10480848 |
ICICI BANK LIMITED |
22/01/2014 |
- |
- |
4651704.0 |
LANDMARK, RACE COURCE CIRCLE, ALKAPURI, BARODA – 390015, GUJARAT, INDIA |
|
6 |
B90544958 |
10462701 |
Standard Chartered Bank |
27/11/2013 |
- |
- |
555000000.0 |
NO. 112, SERENITY, KORAMANGALA INDUSTRIAL AREA5TH BLOCK, KORAMANGLA, BANGLORE – 560038, KARNATAKA, INDIA |
|
7 |
B94567765 |
10473156 |
Standard Chartered Bank |
27/11/2013 |
- |
- |
240000000.0 |
NO. 112, SERENITY, KORAMANGALA INDUSTRIAL AREA5TH BLOCK, KORAMANGLA, BANGLORE – 560038, KARNATAKA, INDIA |
|
8 |
B80560659 |
10439366 |
Standard Chartered Bank |
17/07/2013 |
- |
- |
1005000000.0 |
NO. 112, SERENITY, KORAMANGALA INDUSTRIAL AREA5TH BLOCK, KORAMANGLA, BANGLORE – 560038, KARNATAKA, INDIA |
|
9 |
B76351204 |
10426988 |
ABU DHABI COMMERCIAL BANK LTD |
22/10/2012 |
16/05/2013 |
- |
90000000.0 |
75, REHMAT MANZILVEER NARIMAN ROAD, CHURCHGATE, MUMBAI – 400020, INDIA, MAHARASHTRA |
|
10 |
C18723361 |
10369424 |
BANK OF BARODA |
12/07/2012 |
15/02/2014 |
- |
3760900000.0 |
BANK OF BARODA, FORT UNIVERSITY BRANCH, AGRA BUILDING 119, M.G.ROAD, MUMBAI - 400001, INDIA, MAHARASHTRA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
Guarantees |
1181.821 |
903.524 |
|
Other money for which company is contingently liable |
405.437 |
105.447 |
FIXED ASSETS
- Buildings
- Plant and equipment
- Factory equipments
- 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 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 65.23 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
PVG |
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.