|
|
|
MIRA INFORM REPORT
|
Report No. : |
505914 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GOLDEN GATE PROPERTIES LIMITED |
|
|
|
|
Registered
Office : |
Golden House, #820, 80 Feet Road, 20th Main, 8th Block, Koramangala, Bangalore – 560095, Karnataka |
|
Tel. No.: |
91-80-25705555 / 41103771 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
28.09.1995 |
|
|
|
|
Com. Reg. No.: |
08-018889 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 544.641 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70102KA1995PLC018889 |
|
|
|
|
TIN No.: |
29140489397 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACG5284H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAACG5284H1ZE |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
|
|
Line of Business
: |
The Company is engaged in real estate development which
either purchases land and constructs and sells the residential apartments or
enters into joint venture development. (Registered activity) |
|
|
|
|
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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 7900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1998 having satisfactory track.
|
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 |
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
31-03-2018.
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 02.05.2018
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-COOPERATIVE (TEL NO.: 91-80-25705555)
91-80-67915657 / 7676997997 / 767646002 (NOT WORKING)
91-9341974157 / 41103771 (RINGING)
LOCATIONS
|
Registered Office : |
Golden House, #820, 80 Feet Road, 20th Main, 8th Block, Koramangala, Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-25705555 / 41103771 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Anil Kumar Bajaj |
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|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Bajaj Bhavan Vidyalaya Road, Salem – 636007, Tamilnadu, India |
||||||||||||||||||||||||
|
Date of Appointment : |
31.03.2015 |
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DIN No.: |
01712179 |
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Other Directorship:
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|
||||||||||||||||||||||||
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Name : |
Mr. Karunakaran Krishnan |
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|
Designation : |
Director |
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|
Address : |
#280, 1st Floor, Serenity, 4th Main, 1st Block, Koramangala, Near BDA Nursery, Bangalore – 560034, Karnataka, India |
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|
Date of Birth/Age : |
30.11.1954 |
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Qualification : |
M.Com |
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Date of Appointment : |
19.09.2011 |
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PAN No.: |
ADVPK4520F |
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DIN No.: |
03629644 |
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|
||||||||||||||||||||||||
|
Name : |
Mr. Ravishankar Panchaksharaiah |
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|
Designation : |
Additional Director |
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|
Address : |
#49, 1st Floor 20A Cross, Near Coffee Board Layout Park, Bhunanes, Bangalore – 560024, Karnataka, India |
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|
Date of Appointment : |
03.11.2017 |
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DIN No.: |
07973769 |
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|
||||||||||||||||||||||||
|
Name : |
Mr. Ratish Kumar Moorthy |
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Designation : |
Additional Director |
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|
Address : |
No. 26 Katha, #639 Kasavanahalli Sarjapur Road, Bangalore – 560037, Karnataka, India |
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|
Date of Appointment : |
23.02.2018 |
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DIN No.: |
07997033 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Karunakaran Krishnan |
|
Designation : |
Chief Financial Officer |
|
Address : |
#280, 1st Floor, Serenity, 4th Main, 1st Block, Koramangala, Near BDA Nursery, Bangalore – 560034, Karnataka, India |
|
Date of Birth/Age : |
30.11.1954 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
29.09.2014 |
|
PAN No.: |
ADVPK4520F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
K. Pratap |
|
51586314 |
|
D.V.N.S. Harsha |
|
5100 |
|
B. Manohar |
|
100 |
|
J. M. Babu Rao |
|
242600 |
|
D. Amarnath |
|
525000 |
|
C.D. Sanjay Raj |
|
345000 |
|
K. Satyanarayana |
|
618000 |
|
K. Prathibha |
|
625000 |
|
K. Hymavathi |
|
517000 |
|
|
|
|
|
Total |
|
54464114 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
95.17 |
|
Public – (Individual/ Hindu Undivided Family – Indian) |
4.83 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in real estate development which
either purchases land and constructs and sells the residential apartments or
enters into joint venture development. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
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 : |
Shekar and Rajashekar Chartered Accountants |
|
Address : |
No. 20, "Kavya" 12th Cross, 1st Main, AECS Layout, RMV 2nd Stage, Sanjaynagar, Bangalore – 560094, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABFFS6354P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : (As on 31.03.2015) |
U70101KA2005PTC037053
U70100KA2011PTC061674 |
|
|
|
|
Associates : (As on 31.03.2015) |
U70102KA2008PTC045883
U70102KA2007PTC044629 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : (As on 31.03.2015) |
U70101KA2005PTC037773
U70109KA2005PTC036575
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000000 |
Equity Shares |
INR 10/- each |
INR 850.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54464114 |
Equity Shares |
INR 10/- each |
INR 544.641
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
544.641 |
544.641 |
544.641 |
|
(b) Reserves & Surplus |
2225.034 |
2173.963 |
2053.573 |
|
(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) |
2769.675 |
2718.604 |
2598.214 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2392.569 |
2108.588 |
1789.677 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3.793 |
4.326 |
5.182 |
|
(d) long-term provisions |
6.854 |
10.555 |
8.748 |
|
Total
Non-current Liabilities (3) |
2403.216 |
2123.469 |
1803.607 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
257.773 |
256.361 |
211.031 |
|
(c) Other current liabilities |
2503.288 |
4257.357 |
4546.029 |
|
(d) Short-term provisions |
53.536 |
22.221 |
35.560 |
|
Total
Current Liabilities (4) |
2814.597 |
4535.939 |
4792.620 |
|
|
|
|
|
|
TOTAL |
7987.488 |
9378.012 |
9194.441 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
104.042 |
91.560 |
106.220 |
|
(ii) Intangible Assets |
0.000 |
1.234 |
1.089 |
|
(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 |
90.195 |
90.195 |
90.195 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3158.008 |
2891.091 |
2208.835 |
|
(e) Other Non-current assets |
0.000 |
3.526 |
3.213 |
|
Total
Non-Current Assets |
3352.245 |
3077.606 |
2409.552 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3619.838 |
5681.249 |
6337.633 |
|
(c) Trade receivables |
587.492 |
0.000 |
10.912 |
|
(d) Cash and cash equivalents |
58.139 |
101.918 |
101.229 |
|
(e) Short-term loans and
advances |
369.709 |
516.779 |
335.015 |
|
(f) Other current assets |
0.065 |
0.460 |
0.100 |
|
Total
Current Assets |
4635.243 |
6300.406 |
6784.889 |
|
|
|
|
|
|
TOTAL |
7987.488 |
9378.012 |
9194.441 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
3917.991 |
2746.638 |
2222.204 |
|
|
Other Income |
94.043 |
4.538 |
197.751 |
|
|
TOTAL
|
4012.034 |
2751.176 |
2419.955 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3550.717 |
2253.729 |
2052.131 |
|
|
Employees benefits expense |
45.550 |
52.329 |
54.154 |
|
|
Other expenses |
202.964 |
198.920 |
135.395 |
|
|
TOTAL |
3799.231 |
2504.978 |
2241.680 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
212.803 |
246.198 |
178.275 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
82.646 |
108.052 |
96.378 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
130.157 |
138.146 |
81.897 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
33.514 |
17.561 |
19.533 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
96.643 |
120.585 |
62.364 |
|
|
|
|
|
|
|
Less |
TAX |
44.000 |
0.196 |
12.186 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
52.643 |
120.389 |
50.178 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.97 |
2.21 |
0.92 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
150.467 |
433.688 |
325.787 |
|
Net cash flows from (used in) operations |
305.162 |
92.914 |
1665.467 |
|
Net cash flows from (used in) operating activities |
318.929 |
101.411 |
1660.474 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
54.73 |
0.00 |
1.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.67 |
0.00 |
203.65 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
26.50 |
41.52 |
37.53 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.06 |
0.04 |
0.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.05 |
2.65 |
1.66 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.75 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.92 |
0.94 |
0.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.02 |
1.67 |
1.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.04 |
0.03 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.57 |
2.28 |
1.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
((PAT / Sales) * 100) |
% |
1.34 |
4.38 |
2.26 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.66 |
1.28 |
0.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.90 |
4.43 |
1.93 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.65 |
1.39 |
1.42 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.36 |
0.14 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.35 |
0.29 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
4.67 |
4.67 |
3.88 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.65 |
1.39 |
1.42 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
544.641 |
544.641 |
544.641 |
|
Reserves & Surplus |
2053.573 |
2173.963 |
2225.034 |
|
Net
worth |
2598.214 |
2718.604 |
2769.675 |
|
|
|
|
|
|
Long Term borrowings |
1789.677 |
2108.588 |
2392.569 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long term debt |
325.787 |
433.688 |
150.467 |
|
Total
borrowings |
2115.464 |
2542.276 |
2543.036 |
|
Debt/Equity
ratio |
0.814 |
0.935 |
0.918 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
2222.204 |
2746.638 |
3917.991 |
|
|
|
23.600 |
42.647 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
2222.204 |
2746.638 |
3917.991 |
|
Profit |
50.178 |
120.389 |
52.643 |
|
|
2.26% |
4.38% |
1.34% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
NOTE: Registered office of the company has been
shifted from 96 16 Main, 4th B Block, Koramangala Extension, Bangalore –
560034, Karnataka, India to the present
address w.e.f. 21.07.2006
OPERATIONS (As on 31.03.2015)
During the year under consideration the company has achieved a turnover of INR 3917.991 Million as against the previous year figures of INR 2746.638 Million. The operation has resulted in a net profit of INR 52.643 Million (previous year INR 120.389 Million), the downfall in the profit is due to steep rise in input cost like cost of land and construction.
STATE OF COMPANY’S
AFFAIR (As
on 31.03.2015)
The economic environment continued to improve which was encouraging for construction industry. However this trend started slowing down for construction industry due to steep fall in demand for residential units. The slow down and consequent competition was sure to affect the turnover and profitability in the months to come. However efforts would be made to get focussed to maintain the growth. Extract of the Annual Return: The extract of annual return for MGT-9 as required under the provisions of Section 92(3) of the Companies Act, 2013 is annexed to this report. (Annexure-A)
BACKGROUND (As on 31.03.2015)
The company was incorporated as a public limited company under the Companies Act, 1956 (“the Act”) on 28 th September 1995. The Company is engaged in real estate development which either purchases land or entered into Joint development Venture for the purpose of construction and selling of residential apartments, villas and Plots. The Company is currently engaged in real estate in Bangalore and Hyderabad.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Working capital loans from banks |
3.913 |
2.016 |
|
|
|
|
|
Total |
3.913 |
2.016 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G76910728 |
100154608 |
CAPITAL FIRST LIMITED |
19/12/2017 |
- |
- |
400000000.0 |
One Indiabulls Centre, Tower 2A & 2B, 10th Floor,Senapati Bapat Marg, Lower Parel (West),MumbaiMa400013IN |
|
2 |
G40129587 |
100087812 |
SREI EQUIPMENT FINANCE LIMITED |
21/03/2017 |
- |
- |
26463379.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
3 |
C67128801 |
10596747 |
SREI EQUIPMENT FINANCE LIMITED |
22/09/2015 |
- |
- |
5495251.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
4 |
C65955486 |
10594507 |
JM Financial Asset Reconstruction Company Private Limited |
08/09/2015 |
- |
- |
500000000.0 |
7th Floor, Cnergy,Appasaheb Marathe Marg, Prabhadevi,MumbaiMH400025IN |
|
5 |
C65369779 |
10593388 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
28/08/2015 |
- |
- |
180000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN |
|
6 |
C67305136 |
10597068 |
HDB FINANCIAL SERVICES LIMITED |
24/08/2015 |
- |
- |
37300000.0 |
Radhika, 2nd Floor, Law Garden Road,Navrangpura,AhmedabadGJ380009IN |
|
7 |
C63860357 |
10590292 |
SREI EQUIPMENT FINANCE LIMITED |
22/06/2015 |
- |
- |
21515625.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
8 |
C31380397 |
10527978 |
SREI EQUIPMENT FINANCE LIMITED |
22/08/2014 |
- |
- |
20000000.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
|
9 |
C13209317 |
10510941 |
Axis Bank Limited |
09/07/2014 |
- |
- |
9546000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
10 |
B89236889 |
10459491 |
SREI EQUIPMENT FINANCE LIMITED |
31/10/2013 |
- |
- |
3846355.0 |
'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWB700046IN |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Computer equipments
- Leasehold improvements
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KJL |
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.