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|
|
MIRA
INFORM REPORT
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Report No. : |
497387 |
|
Report Date : |
20.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VBHC MUMBAI VALUE HOMES PRIVATE LIMITED |
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|
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|
Registered
Office : |
VBHC House, 74 & 75 Millers Road, Vasanthnagar, Bangalore – 560052,
Karnataka |
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Tel. No.: |
91-80-43479500 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
01.06.2010 |
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Com. Reg. No.: |
08-053889 |
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Capital
Investment / Paid-up Capital : |
INR 1.235 Million |
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CIN No.: [Company Identification
No.] |
U45201KA2010PTC053889 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
29180678913 |
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PAN No.: [Permanent Account No.] |
AADCV3420H |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
29AADCV3420H1ZE |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of
developing low cost affordable housing projects. (Registered Activity) |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
VBHC Mumbai Value Homes Private Limited was incorporated in the year
2010. It is a wholly owned subsidiary of VBHC Value Homes Private Limited. The company is engaged in developing of home projects. As per the financial records of 2017, the company has reported a
decline of 43.79% in its revenue as compared to the previous year’s revenue
and has incurred operational losses. Rating is further constrained on account of the accumulated losses
which have eroded the net worth base of the company and high debt balance
sheet profile. Rating takes into consideration the strength that the company derives
from its holding company and its experienced management team. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based Limits : BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
20.02.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DECLINED
Management non-cooperative (Tel No.: 91-80-43479500)
Mobile No.: 91-8296964472
not reachable
LOCATIONS
|
Registered Office/ Head Office : |
VBHC House, 74 & 75 Millers Road, Vasanthnagar, Bangalore – 560052,
Karnataka, India |
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Tel. No.: |
91-80-43479500 |
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Fax No.: |
91-80-43479502 |
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E-Mail : |
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Website : |
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Branch Office : |
Centre Point Premises Co-operative Society Limited, 601, 6th Floor, J. B. Nagar, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India |
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Site Address : |
Located at : · Bangalore · Palghar · Thane · Chennai ·
Bhiwadi |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rahul Sabharwal |
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Designation : |
Director |
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Address : |
705/805, Raxton, Divyashree Elan Sarjapur Road, Opposite Total Mal
Bangalore 560102, Karnataka, India |
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Date of Birth/Age : |
03.03.1974 |
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Date of Appointment : |
15.03.2013 |
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DIN No.: |
06517864 |
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Name : |
Mr. Sanjeev Kumar |
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Designation : |
Director |
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Address : |
#407, 12th A Main, HIG Sector-A, Yelahanka New Town, Bangalore-560064,
Karnataka, India |
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Date of Birth/Age : |
09.12.1965 |
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Date of Appointment : |
28.07.2014 |
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DIN No.: |
06924724 |
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Other
Directorship:
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Name : |
Ms. Aruna Janakiram |
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Designation : |
Director |
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Address : |
#123, Greensleeves, John Avenue Private Road Off Manipal County Road,
Singasandra, Hosur Road, Bangalore-560068, Karnataka, India |
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Date of Appointment : |
29.09.2017 |
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DIN No.: |
07667597 |
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Other
Directorship:
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Name : |
Mr. Dinesh Pangtey |
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Designation : |
Nominee Director |
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Address : |
Flat No.22, 4th Floor, Vasant Mahal, C Road, Churchgate,
Mumbai-400020, Maharashtra, India |
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Date of Appointment : |
20.05.2016 |
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DIN No.: |
07517137 |
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Other
Directorship:
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MAJOR SHAREHOLDERS
As on 28.11.2017
|
Names of Shareholders |
|
No. of Shares |
|
VBHC Value Homes Private Limited (Class A) |
|
500000 |
|
VBHC Value Homes Private Limited (Class B) |
|
500000 |
|
LICHFL Urban Development (Class C) |
|
235000 |
|
Total |
|
1235000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.11.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
80.97 |
|
Public/Other than promoters (Body corporate) |
19.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of
developing low cost affordable housing projects. (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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
BSR and Company LLP Chartered Accountants |
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Address : |
Maruthi Info-Tech Centre, 11-12/1, Inner Ring Road, Koramangala, Bangalore-560071,
Karnataka, India |
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Tel. No.: |
91-80-71347000 |
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Fax No.: |
91-80-71347999 |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
VBHC Value Homes Private Limited, India CIN No.: U45202KA2008PTC047156 |
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Fellow subsidiaries : |
· VBHDC Bangalore Value Homes Private Limited · VBHC Chennai Value Homes Private Limited · VBHC Delhi Projects Private Limited · VBHC Delhi Value Homes Private Limited |
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Enterprises under common control : |
Ivory Brick Homes Limited Liability Partnership |
CAPITAL STRUCTURE
After 28.11.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares (Class A) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Equity Shares (Class B) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Equity Shares (Class C) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Preference Shares |
INR 1/- each |
INR 0.500 Million |
|
|
Total |
|
INR 2.000 Million
|
Issued, Subscribed & Paid-up Capital : INR 0.500
Million
As on 28.11.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares (Class A) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Equity Shares (Class B) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Equity Shares (Class C) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Preference Shares |
INR 1/- each |
INR 0.500 Million |
|
|
Total |
|
INR 2.000 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares (Class A) |
INR 1/- each |
INR 0.500 Million |
|
500000 |
Equity Shares (Class B) |
INR 1/- each |
INR 0.500 Million |
|
235000 |
Equity Shares (Class C) |
INR 1/- each |
INR 0.235 Million |
|
|
Total |
|
INR 1.235 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 |
1.235 |
1.235 |
1.235 |
|
(b) Reserves & Surplus |
(111.081) |
(18.294) |
30.183 |
|
(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) |
(109.846) |
(17.059) |
31.418 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
865.688 |
1.679 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
1.971 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
51.569 |
0.725 |
0.674 |
|
Total
Non-current Liabilities (3) |
917.257 |
2.404 |
2.645 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1414.501 |
2212.316 |
1945.872 |
|
(b) Trade payables |
99.255 |
178.974 |
31.811 |
|
(c) Other current liabilities |
304.458 |
233.345 |
221.851 |
|
(d) Short-term provisions |
0.299 |
0.071 |
6.155 |
|
Total
Current Liabilities (4) |
1818.513 |
2624.706 |
2205.689 |
|
|
|
|
|
|
TOTAL |
2625.924 |
2610.051 |
2239.752 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
44.405 |
49.381 |
50.327 |
|
(ii) Intangible Assets |
0.133 |
0.490 |
1.224 |
|
(iii) Capital work-in-progress |
0.000 |
7.231 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.435 |
17.674 |
12.132 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
59.973 |
74.776 |
63.683 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2105.452 |
1919.423 |
1598.093 |
|
(c) Trade receivables |
28.585 |
35.041 |
98.316 |
|
(d) Cash and cash equivalents |
24.355 |
12.570 |
18.404 |
|
(e) Short-term loans and
advances |
400.131 |
568.241 |
399.991 |
|
(f) Other current assets |
7.428 |
0.000 |
61.265 |
|
Total
Current Assets |
2565.951 |
2535.275 |
2176.069 |
|
|
|
|
|
|
TOTAL |
2625.924 |
2610.051 |
2239.752 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
238.708 |
422.603 |
776.766 |
|
|
Other Income |
2.561 |
0.848 |
0.000 |
|
|
Other Operating income |
3.404 |
8.117 |
3.783 |
|
|
TOTAL
|
244.673 |
431.568 |
780.549 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
212.110 |
377.355 |
678.378 |
|
|
Other expenses |
61.149 |
103.624 |
70.892 |
|
|
prior Period expenses |
52.897 |
0.000 |
0.000 |
|
|
TOTAL |
326.156 |
480.979 |
749.270 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(81.483) |
(49.411) |
31.279 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.486 |
1.029 |
0.436 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(88.969) |
(50.440) |
30.843 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.797 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(92.766) |
(50.440) |
30.843 |
|
|
|
|
|
|
|
Less |
TAX |
0.021 |
(1.963) |
4.898 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(92.787) |
(48.477) |
25.945 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
(75.13) |
(39.25) |
21.01 |
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 |
80.399 |
(237.175) |
(34.588) |
|
Net cash flows from (used in) operating activities |
79.381 |
(249.750) |
(35.735) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
43.71 |
30.26 |
46.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.35 |
12.06 |
7.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
170.80 |
173.11 |
17.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.04) |
(0.03) |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(1.83) |
(0.87) |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.02 |
1.01 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(20.76) |
(129.78) |
61.93 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(16.56) |
(153.86) |
70.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(0.41) |
(3.35) |
1.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(10.88) |
(48.02) |
71.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(38.87) |
(11.47) |
3.34 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(3.53) |
(1.86) |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
84.47 |
284.17 |
82.58 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.41 |
0.97 |
0.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.25 |
0.23 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.04) |
(0.01) |
0.01 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1846.31 |
1792.71 |
1575.60 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.41 |
0.97 |
0.99 |
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 |
1.235 |
1.235 |
1.235 |
|
Reserves & Surplus |
30.183 |
(18.294) |
(111.081) |
|
Net
worth |
31.418 |
(17.059) |
(109.846) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.679 |
865.688 |
|
Short term borrowings |
1945.872 |
2212.316 |
1414.501 |
|
Total
borrowings |
1945.872 |
2213.995 |
2280.189 |
|
Debt/Equity
ratio |
61.935 |
(129.785) |
(20.758) |
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 |
776.766 |
422.603 |
238.708 |
|
|
|
(45.595) |
(43.515) |
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 |
776.766 |
422.603 |
238.708 |
|
Profit/ (Loss) |
25.945 |
(48.477) |
(92.787) |
|
|
3.34% |
(11.47%) |
(38.87%) |
LEGAL
CASES
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 |
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 29/4, 3rd Floor, 7th Cross, Vasanthnagar
Extension, Off Milers Road, Bangalore – 560052, Karnataka, India to the present address w.e.f. 07.04.2016
BACKGROUND
The company is private limited company incorporated under the provision of the companies act, 1956 on June 2010. The registered office of the company is in Bangalore, India. The company in the business of developing low cost affordable housing projects
RESULTS OF OPERATION
AND THE STATE OF THE COMPANY'S AFFAIRS:
Since inception the Company has engaged itself in the business of acquiring by purchase, lease, and exchange or otherwise land and building of any description situated any Where in India, preparing building sites and constructing service apartments, houses etc.
During the year Gross revenue reduced to INR 238.708 Million against INR 422.603 Million the previous year. Loss before depreciation and taxation was INR 92.766 Million against INR 50.440 Million loss in the previous year. The net loss of the Company for the year was placed at INR 92.787 Million as against net loss of INR 48.477 Million in the previous year.
The Directors wish to state that the future growth of the Company will be optimistic and it is looking for new opportunities. They are hopeful that they make all efforts to achieve growth in the business.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Debenture |
|
|
|
Optionally
convertible debenture – Series B1 |
|
|
|
VBHC Value Homes Private Limited |
865.248 |
0.000 |
|
Short-term
borrowings |
|
|
|
Debenture |
|
|
|
Optionally
convertible debenture – Series B1 |
|
|
|
VBHC Value Homes Private Limited |
248.000 |
248.000 |
|
Optionally
convertible debenture – Series B2 |
|
|
|
VBHC Value Homes Private Limited |
101.400 |
101.400 |
|
Optionally
convertible debenture |
|
|
|
VBHC Value Homes Private Limited |
131.500 |
131.500 |
|
Optionally
convertible debenture – Series C |
|
|
|
VBHC Value Homes Private Limited |
259.765 |
259.765 |
|
Loans from
related parties |
|
|
|
VBHC Value Homes Private Limited |
550.106 |
1167.770 |
|
Ivory Brick Homes LLP |
7.625 |
2.879 |
|
Total |
2163.644 |
1911.314 |
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G52964061 |
100121636 |
ADITYA BIRLA FINANCE LIMITED |
22/08/2017 |
- |
- |
1000000000.0 |
Indian Rayon Compound, Veraval Gu 362266 IN |
|
2 |
G03481546 |
100026489 |
CENTRAL BANK OF INDIA |
15/04/2016 |
- |
- |
417500000.0 |
CORPORATE FINANCE BRANCHCHANDERMUKHI, NARIMAN POINT Mumbai MH 400021 IN |
|
3 |
C65357295 |
10593352 |
HDFC BANK LIMITED |
29/07/2015 |
- |
- |
1475000.0 |
Golden Tower, Old Airport RoadMurugeshpalyaBangaloreKA560017IN |
|
4 |
C44139434 |
10550186 |
CENTRAL BANK OF INDIA |
04/02/2015 |
- |
- |
120000000.0 |
CORPORATE FINANCE BRANCHCHANDERMUKHI, NARIMAN POINT,MUMBAIMH400021IN |
|
5 |
B82323213 |
10415051 |
KOTAK MAHINDRA BANK LIMITED |
07/03/2013 |
10/07/2013 |
- |
50000000.0 |
36-38A, NARIMAN BHAVAN, 227,D,NARIMAN POINT,MUMBAIMH400021IN |
|
6 |
G52857141 |
10383165 |
KOTAK MAHINDRA BANK LIMITED |
19/10/2012 |
05/08/2015 |
11/09/2017 |
550000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
7 |
G04749990 |
10392793 |
CENTRAL BANK OF INDIA |
08/12/2012 |
- |
02/06/2016 |
250000000.0 |
CORPORATE FINANCE BRANCH-NARIMANPOINT,CHANDERMUKHI, NARIMAN POINT,MUMBAIMH400021IN |
|
8 |
C54972211 |
10444820 |
IL & FS TRUST COMPANY LIMITED |
10/07/2013 |
- |
04/06/2015 |
150000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN |
FIXED ASSETS
- Furniture and
Fixture
- Computers
- Office
Equipments
- Motor Vehicle
- construction
equipment
- Lab equipment
- Temporary
Structure
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--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.
·