|
|
|
MIRA INFORM REPORT
|
Report No. : |
498257 |
|
Report Date : |
20.03.2017 |
IDENTIFICATION DETAILS
|
Name : |
PRANJEE PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-3060 Oberoi Garden Estate Chandivali, Farm Road, Andheri East,
Mumbai – 400072, Maharashtra |
|
Tel. No.: |
91-22-26184421 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
21.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-161302 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 47.532 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102MH2006PTC161302 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP8950C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Real Estate Service. (Registered activity) |
|
|
|
|
No. of Employees
: |
4 (Approximately) (As per site visit) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 260000 INR 18000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2006 and it is engaged in real estate activities. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a sharp decline in its revenue as compared to its previous year’s revenue and has reported decent profit margin. Rating takes into consideration the company’s moderate financial risk profile along with high debt balance sheet and unfavourable gap between its trade payables to its trade receivables. Rating is further constrained on account by its presence in highly competitive and fragmented real estate industry. Payments are reported to be slow. In view of aforesaid, the company can be considered for business dealings with some caution. Note: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive met Mr. Vilas (Office Executive) and he provided his contact details (022-25214752) and visiting card. As per our executive’s observation, it is a 4 storey building and subject is situated on 2nd floor. Location is easy to find and locality seems to be commercial. Area seems to be upmarket and 4 employees were sighted at the given address. Landmark- Ratna Store. Name board of the subject was not sighted at the given address. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low
Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High
Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 20.03.2018
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 BY
|
Name : |
Mr. Kishor Rajoli |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9920559557 |
|
Date : |
17.03.2018 |
MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-22-61844200 / 208
LOCATIONS
|
Registered Office : |
B-3060 Oberoi Garden Estate Chandivali, Farm Road, Andheri East,
Mumbai – 400072, Maharashtra, India |
|
Tel. No.: |
91-22-26184421 |
|
Mobile No.: |
91-9920559557 (Mr. Kishor Rajoli) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
201/639, 2nd floor Jollitha Complex, Above Reval Ghatla Village Road, Maitri
Park, Chembur, Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-61844266 |
|
Fax No.: |
91-22-61844212 |
|
Locality : |
Commercial (As per site visit) |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Prakash Chelaram Sharma |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Flat No 1901, 19th Floor, Glen Classic, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.07.1961 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.2006 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ASDPS0639L |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00122152 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ranjeet Kumar Nambiar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
D-1403 Lake Castle, Hiranandani Gardens Road, Powai, Off
Adishankaracharya, Mumbai – 400076, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.07.1966 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.2006 |
||||||||||||||||||||||||||||||||
|
PAN No.: |
ACSDN6720C |
||||||||||||||||||||||||||||||||
|
DIN No.: |
00122282 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Prakash Sharma |
2424132 |
51.00 |
|
Ranjeet Nambiar |
2329068 |
49.00 |
|
Total |
4753200 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Real Estate Service. (Registered activity) |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
4 (Approximately) (As per site visit) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE: Long-term
Borrowings Terms of repayment 1. DHFL Loan· Gardencity Phase II, Secured on Project. Sanctioned limit INR 250.000 Million Loan availed INR 100.000 Million. Nature of Loan - Project loan (Gardencity Phase II], Rate of Interest - 19% p.a. Tenure of Loan - W months however principal repayment starts after 36 months. Loan starts on 01/01/2015 however principal repayment starts from December 2018. 2. DHFL Loan - Marina Project, secured On Project. Sanctioned Limit - (INR 180.000 Million, Loan Availed – INR 130.000. Nature of Loan· Project loan (Pranjee Marinal. Rate of Interest - 1mp.3, Tenure of Loan· 60 months however principal repayments starts after 36 months. Loan starts from 25/09/2.014 however principal repayment starts from August 2011. 3. DHFL 2410, Secured on Project, Sanctioned Limit INR 120.000 Million, Nature of Loan - Project Loan (GC), Rate of Interest- 21%, Tenure of loan - 36 months" loan start on 01/06/2012 however EMI started from July 2015, 4.0HFl 2810, secured on Project, Sanctioned limit-INR 60.000 Million Nature of loan - Project Loan (GC Extn.), Rate of Interest - 21%, Tenure of loan - Syears, loan start on.- Ma.' 13". Since principal repayment of loan is based on collection from debtors the same his not been determined at this stage and not considered. 5. DHFL (Marina), Housing loan, Sanctioned limit – INR 140.700 Million, Nature of loan- Housing loan, Rate Interest - 18%, Tenure of Loan· no months, loan start on 01.01.2014 7. Indlabulls 342189, Secured on Chandivli property, Sanctioned Limit INR 20.000 Million Nature of loan - Business loan" Rare of Interest – I5%, Tenure of loan- 120 months, EMI:" 322620/-loan starts from 02/11/2013. Additional loan availed during the year-INR 5.000 Million with Rate of Interest - 15.25%. Tenure of Loan - 120 Months, EMl - 81435/- 8. SIDBI 3647, Secured On Property by way of mortgage of Immovable properties bearing Shop No 5,6 and 7 admeasuring 3853,3853& 3359 sq. ft. respectively for each shop located at Pranjee Marina plot No.1 &2, Sector 13, main Vashi Road, Koperkhairane, Navi Mumbai, Sanctioned Limit – INR 52.500 Million, Nature of Loan - term 10iln for investment In associates (i.e QCD Infra Private Limited), Rate of Interest - 12.25", Tenure of Loan – 78 months. loan starts from 01/04/2014 9. Kotak Mahindra Prime Limited, Nature of Loan – Car
Finance, Loan Amount INR 1.004 Million, Tenure of Loan, Loan repayment starts
from 01.02.2016. |
|
Financial Institution : |
Dewan Housing Finance Corporation Limited, Warden House, 2ND Floor, Sir P M Road, Fort, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
M. D. Deshpande and Company Chartered Accountants |
|
Address : |
3, Shriniwas, 37 Datar Colony, Veer Sawarkar Marg, Bhandup (East), Mumbai
– 400042, Maharashtra, India |
|
Tel. No.: |
91-22-25661520 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACPD2306C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
Garden
City Life Style Apartments Private Limited, India |
|
|
|
|
Associates/: |
U24100H2008PTC188879
U85100H2011PTC216234
U45400H2011PTC217628
U74999H2011PTC217601
U45201H2007PTC173464
U45200H2013PTC243507
|
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4753200 |
Equity Shares |
INR 10/- each |
INR 47.532
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET – (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.532 |
47.532 |
47.532 |
|
(b) Reserves & Surplus |
44.621 |
26.655 |
22.128 |
|
(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) |
92.153 |
74.187 |
69.660 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
569.224 |
543.296 |
346.473 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
569.224 |
543.296 |
346.473 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
66.662 |
66.800 |
73.973 |
|
(b) Trade payables |
28.218 |
31.673 |
32.886 |
|
(c) Other current liabilities |
481.244 |
333.920 |
398.705 |
|
(d) Short-term provisions |
23.334 |
10.999 |
10.120 |
|
Total
Current Liabilities (4) |
599.458 |
443.392 |
515.684 |
|
|
|
|
|
|
TOTAL |
1260.835 |
1060.875 |
931.817 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.862 |
3.231 |
3.304 |
|
(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 |
53.382 |
53.191 |
53.210 |
|
(c) Deferred tax assets (net) |
0.495 |
0.376 |
0.295 |
|
(d) Long-term Loan and Advances |
112.975 |
90.423 |
68.190 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
168.714 |
147.221 |
124.999 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
156.894 |
158.480 |
100.412 |
|
(b) Inventories |
767.773 |
599.987 |
575.034 |
|
(c) Trade receivables |
72.427 |
75.478 |
49.630 |
|
(d) Cash and cash equivalents |
(6.773) |
2.734 |
16.632 |
|
(e) Short-term loans and
advances |
101.800 |
76.975 |
65.110 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1092.121 |
913.654 |
806.818 |
|
|
|
|
|
|
TOTAL |
1260.835 |
1060.875 |
931.817 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
95.398 |
244.183 |
163.241 |
|
|
Other Income |
1.203 |
0.449 |
0.427 |
|
|
TOTAL
|
96.601 |
244.632 |
163.668 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
97.357 |
137.543 |
106.352 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(167.786) |
(24.954) |
(50.616) |
|
|
Employees benefits expense |
6.451 |
6.094 |
14.509 |
|
|
Other expenses |
23.931 |
37.986 |
27.141 |
|
|
TOTAL |
(40.047) |
156.669 |
97.386 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
136.648 |
87.963 |
66.282 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
109.492 |
80.275 |
59.840 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.156 |
7.688 |
6.442 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.142 |
1.136 |
1.078 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
26.014 |
6.552 |
5.364 |
|
|
|
|
|
|
|
Less |
TAX |
8.048 |
2.025 |
1.667 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
17.966 |
4.527 |
3.697 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.155 |
14.628 |
10.931 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
37.121 |
19.155 |
14.628 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
3.78 |
0.95 |
0.78 |
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 |
|
Cash generated from operations |
119.506 |
(44.032) |
NA |
|
Net cash flow from operating activity |
119.506 |
(42.304) |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
277.11 |
112.82 |
110.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.32 |
3.24 |
3.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
105.79 |
84.05 |
112.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.18 |
0.15 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
73.39 |
27.22 |
20.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.93 |
0.93 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
6.90 |
8.22 |
6.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
6.51 |
5.98 |
7.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.02 |
0.04 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.25 |
1.10 |
1.11 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
18.83 |
1.85 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.42 |
0.43 |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.50 |
6.10 |
5.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.82 |
2.06 |
1.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.54 |
0.71 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.07 |
0.07 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
13.38 |
12.84 |
8.85 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.82 |
2.06 |
1.56 |
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 |
47.532 |
47.532 |
47.532 |
|
Reserves & Surplus |
22.128 |
26.655 |
44.621 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
69.660 |
74.187 |
92.153 |
|
|
|
|
|
|
Long Term borrowings |
346.473 |
543.296 |
569.224 |
|
Short Term borrowings |
73.973 |
66.800 |
66.662 |
|
Total
borrowings |
420.446 |
610.096 |
635.886 |
|
Debt/Equity
ratio |
6.036 |
8.224 |
6.900 |
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
|
163.241 |
244.183 |
95.398 |
|
|
|
49.584 |
(60.932) |
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
|
163.241 |
244.183 |
95.398 |
|
Profit |
3.697 |
4.527 |
17.966 |
|
|
2.26% |
1.85% |
18.83% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
47.532 |
47.532 |
|
(b) Reserves & Surplus |
|
37.832 |
23.006 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
(3) Minority Interest |
|
0.002 |
0.002 |
|
Total
Shareholders’ Funds (1) + (2) |
|
85.366 |
70.540 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
574.024 |
543.296 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
574.024 |
543.296 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
66.662 |
66.801 |
|
(b) Trade payables |
|
32.977 |
34.516 |
|
(c) Other current liabilities |
|
526.907 |
366.945 |
|
(d) Short-term provisions |
|
25.606 |
11.816 |
|
Total
Current Liabilities (4) |
|
652.152 |
480.078 |
|
|
|
|
|
|
TOTAL |
|
1311.542 |
1093.914 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.180 |
4.850 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
53.184 |
52.993 |
|
(c) Deferred tax assets (net) |
|
0.549 |
0.433 |
|
(d) Long-term Loan and Advances |
|
20.989 |
12.917 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
77.902 |
71.193 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
889.265 |
694.031 |
|
(c) Trade receivables |
|
72.427 |
75.478 |
|
(d) Cash and cash equivalents |
|
(5.101) |
3.905 |
|
(e) Short-term loans and
advances |
|
102.537 |
77.409 |
|
(f) Other current assets |
|
174.512 |
171.898 |
|
Total
Current Assets |
|
1233.640 |
1022.721 |
|
|
|
|
|
|
TOTAL |
|
1311.542 |
1093.914 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
95.398 |
244.183 |
|
|
Other Income |
|
1.320 |
0.449 |
|
|
TOTAL
|
|
96.718 |
244.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
122.718 |
164.650 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
(195.234) |
(82.902) |
|
|
Employees benefits expense |
|
8.500 |
7.413 |
|
|
Other expenses |
|
26.284 |
67.658 |
|
|
TOTAL |
|
(37.732) |
156.819 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
134.450 |
87.813 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
110.067 |
80.275 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
24.383 |
7.538 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
1.507 |
1.466 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
22.876 |
6.072 |
|
|
|
|
|
|
|
Less |
TAX |
|
8.050 |
1.997 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
14.826 |
4.075 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
3.12 |
0.86 |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 (At Site) |
Yes |
|
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 |
No |
|
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 |
OPERATIONAL
PERFORMANCE
During the year, total income of the Company was INR 96.601 Million as compared to INR 244.632 Million during the previous year and a Profit after Tax of INR 17.966 Million as compared to INR 4.527 Million
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances
from related artless : |
|
|
|
Indra Nambiar |
0.500 |
0.500 |
|
N. T. Kumar |
0.320 |
0.320 |
|
Parvathy Kumar |
0.320 |
0.320 |
|
Raneet Namblar |
0.159 |
1.434 |
|
Prakash Sharma (Quast Equity) |
17.500 |
17.500 |
|
Other loans and Advances : |
|
|
|
Sree Gokulam Chit and Finance Co., Private Limited |
0.000 |
24.898 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advance
from related parties: |
|
|
|
Prakash Sharma |
63.848 |
62.740 |
|
Other loans and advance. |
2.814 |
4.060 |
|
Total |
85.461 |
111.772 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G39491204 |
100086273 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
08/03/2017 |
- |
- |
750000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMa400001IN |
|
2 |
C44394328 |
10550690 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
29/01/2015 |
- |
- |
250000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMH400001IN |
|
3 |
C31082308 |
10527661 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
29/09/2014 |
- |
- |
180000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMH400001IN |
|
4 |
C00721761 |
10485548 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
19/03/2014 |
- |
- |
52500000.0 |
JEEVAN SHREE BUILDING,GROUND FLOOR,S.NO 1109PLOT NO. 488,UNIVERSITY RD,SHIVAJI NAGARPUNEMH411016IN |
|
5 |
B74697269 |
10371556 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
28/06/2012 |
18/03/2013 |
- |
180000000.0 |
WARDEN HOUSE, 2ND FLOOR, SIR P M ROADFORTMUMBAIMH400001IN |
|
6 |
B44191393 |
10224968 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
28/04/2010 |
- |
02/07/2012 |
115000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
FIXED ASSETS
- Furniture and Fixture
- Motor Car
- Office Equipment
- Air Conditioner
- Computer and Fitting
- Electric Fittings
OBSERVATION FORM
|
COMPANY NAME: PRANJEE PROPERTIES PRIVATE LIMITED ADDRESS: 201/639, 2nd floor Jollitha Complex, Above Reval Ghatla Village Road, Maitri Park, Chembur, Mumbai – 400071, Maharashtra, India CONTACT NO: 91-22-25214752 PERSON TO WHOM WE MET: Mr. Vilas DESIGNATION: Office Executive NAME BOARD: NOT SIGHTED LOCATION: EASY LANDMARK (IF ANY): Ratna Store TOTAL FLOORS OF THE BUILDING: 4 FLOOR SUBJECT SITUATED ON : 2nd FLOOR LOCALITY: COMMERCIAL AREA: UPMARKET NO. OF EMPLOYEES SEEN AT PREMISES: 4 (Approximately) VISIBILITY OF
ITEMS: TELEPHONE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT PROOF OF VISIT: PHOTOGRAPH |
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 65.03 |
|
|
1 |
INR 90.55 |
|
Euro |
1 |
INR 79.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.