|
|
|
MIRA INFORM REPORT
|
Report No. : |
506814 |
|
Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
AKSHAYA PRIVATE LIMITED (w.e.f. 24.12.2008) |
|
|
|
|
Formerly Known
As : |
AKSHAYA HOMES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
G Square, No. 46, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai - 600 096, Tamilnadu |
|
Tel. No.: |
91- 44 – 4200 8811/ 2496 8811 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
23.03.2005 |
|
|
|
|
Com. Reg. No.: |
18-055753 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 363.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200TN2005PTC055753 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AAFCA1708D1ZD |
|
|
|
|
TIN No: |
33740962943 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA1708D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 1800000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005 and it is engaged in real
estate activity. As per financials of March 2017, the company has registered decent growth
in its revenue but has reported losses. Rating takes into consideration the company’s moderate financial risk
profile marked by low reserve level along with slightly high balance sheet and
unfavourable gap between its trade payables to its trade receivables. Rating is further constrained on account of subjects presence in
highly competitive and huge working capital requirement construction
industry. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with some caution. |
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 03.05.2018
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.: 91-44-42008811/ 24968811)
LOCATIONS
|
Registered Office : |
G Square, No. 46, Rajiv Gandhi Salai (OMR), Kandanchavadi, Chennai - 600 096, Tamilnadu, India |
|
Tel. No.: |
91- 44 – 4200 8811/ 2496 8811 |
|
Fax No.: |
91- 44-2496 8812 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chitty Babu Thangappan |
||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||
|
Address : |
Old No.53, New No.48, 3rd Main Road, Gandhi Nagar, Chennai-600020, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1966 |
||||||||||||||||||||||||||||
|
Qualification : |
Engineer |
||||||||||||||||||||||||||||
|
Date of Appointment : |
22.03.2005 |
||||||||||||||||||||||||||||
|
PAN No.: |
AABPC6145K |
||||||||||||||||||||||||||||
|
DIN No: |
00058524 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Mrs. Nithya Chitti Babu |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
Old No.53, New No.48, 3rd Main Road, Gandhi Nagar, Chennai-600020, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.09.1973 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
23.03.2005 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAEPN7992C |
||||||||||||||||||||||||||||
|
DIN No: |
00058597 |
||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Name : |
Ravi Janakiram |
||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||
|
Address : |
No.4, 1st Floor, Aanandham Apartment, Akshayahomes, 10/16, 2nd Canal Cross Road, Gandhinagar, ADyar, Chennai-600020, Tamilnadu, India |
||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.03.1967 |
||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
||||||||||||||||||||||||||||
|
Date of Appointment : |
01.01.2007 |
||||||||||||||||||||||||||||
|
PAN No.: |
AAEPR1569B |
||||||||||||||||||||||||||||
|
DIN No: |
01326221 |
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
N. Balachandran |
|
Designation : |
Company Secretary in Practice |
|
Address : |
C/2, Yamuna Flats, 16th Street Nanganallur, Chennai –
600061, Tamilnadu, India |
|
Tel. No: |
91-44-22670412 |
|
Mob. No: |
91-9444376560 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Chitty Babu Thangappan |
32080000 |
88.00 |
|
Nithya Chitti Babu |
4250000 |
12.00 |
|
Piramal Finance Limited, India |
9220 |
0.00 |
|
Total |
36339220 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Construction Activity. (Registered Activity) |
||||
|
|
|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Parameswaran Kumar Chartered Accountants |
|
Address : |
14, West Circular Road, Mandvelipakkam, Chennai-600028, Tamilnadu, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPK2688R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
|
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
INR 10/- each |
INR 400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36330000 |
Equity Shares |
INR 10/- each |
INR 363.300 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
363.300 |
363.300 |
150.000 |
|
(b) Reserves and Surplus |
257.790 |
417.051 |
400.210 |
|
(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) |
621.090 |
780.351 |
550.210 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1860.358 |
1293.535 |
1490.179 |
|
(b) Deferred tax liabilities (Net) |
(17.688) |
(11.660) |
(9.673) |
|
(c) Other long-term
liabilities |
2407.258 |
2108.859 |
1670.987 |
|
(d) long-term
provisions |
13.872 |
13.232 |
11.724 |
|
Total Non-current
Liabilities (3) |
4263.800 |
3403.966 |
3163.217 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
626.286 |
511.150 |
730.289 |
|
(c) Other
current liabilities |
1945.912 |
2278.091 |
2115.982 |
|
(d) Short-term
provisions |
1.258 |
1.143 |
0.999 |
|
Total Current
Liabilities (4) |
2573.456 |
2790.384 |
2847.270 |
|
|
|
|
|
|
TOTAL |
7458.346 |
6974.701 |
6560.697 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
23.097 |
20.157 |
29.095 |
|
(ii)
Intangible Assets |
0.563 |
0.553 |
1.207 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
3.048 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.487 |
90.480 |
124.452 |
|
(c) Deferred tax assets (net) |
6.241 |
6.552 |
4.251 |
|
(d)
Long-term loans and advances |
1172.811 |
1174.280 |
1103.553 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1203.199 |
1292.022 |
1265.606 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5396.690 |
4895.285 |
4366.312 |
|
(c) Trade
receivables |
305.780 |
210.607 |
338.027 |
|
(d) Cash and
bank balances |
167.501 |
142.169 |
154.665 |
|
(e)
Short-term loans and advances |
385.176 |
434.618 |
436.087 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
6255.147 |
5682.679 |
5295.091 |
|
|
|
|
|
|
TOTAL |
7458.346 |
6974.701 |
6560.697 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1403.545 |
1281.233 |
1462.715 |
|
|
Other Income |
22.034 |
16.553 |
17.863 |
|
|
TOTAL |
1425.579 |
1297.786 |
1480.578 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
97.208 |
83.084 |
78.617 |
|
|
Other expenses |
1457.500 |
1220.619 |
1370.727 |
|
|
Prior period items |
19.753 |
(38.257) |
0.000 |
|
|
TOTAL |
1574.461 |
1265.446 |
1449.344 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(148.882) |
32.340 |
31.234 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.332 |
4.444 |
0.413 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(151.214) |
27.896 |
30.821 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7.736 |
9.632 |
15.637 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(158.950) |
18.264 |
15.184 |
|
|
|
|
|
|
|
Less |
TAX |
0.311 |
1.424 |
4.531 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(159.261) |
16.840 |
10.653 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
416.850 |
400.010 |
389.786 |
|
|
|
|
|
|
|
Add |
(Excess)/Short
depreciation provision adjustment |
0.000 |
0.000 |
(0.429) |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
257.589 |
416.850 |
400.010 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(4.38) |
0.46 |
0.29 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
576.281 |
874.788 |
423.819 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(308.298) |
(336.306) |
(492.439) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(314.325) |
(342.017) |
(498.826) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
79.52 |
60.00 |
84.35 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.59 |
6.08 |
4.33 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
(0.03) |
0.01 |
0.01 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
(6.29) |
1.56 |
0.94 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.67 |
0.71 |
0.73 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
3.92 |
2.78 |
3.48 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
4.14 |
3.58 |
5.17 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.04 |
0.03 |
0.06 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
(63.84) |
7.28 |
75.63 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
(11.35) |
1.31 |
0.73 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
(2.14) |
0.24 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
(25.64) |
2.16 |
1.94 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
2.43 |
2.04 |
1.86 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.33 |
0.28 |
0.33 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.08 |
0.11 |
0.08 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
6.71 |
5.97 |
12.76 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
2.43 |
2.04 |
1.86 |
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 |
150.000 |
363.300 |
363.300 |
|
Reserves & Surplus |
400.210 |
417.051 |
257.790 |
|
Net
worth |
550.210 |
780.351 |
621.090 |
|
|
|
|
|
|
Long-term borrowings |
1490.179 |
1293.535 |
1860.358 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
423.819 |
874.788 |
576.281 |
|
Total
borrowings |
1913.998 |
2168.323 |
2436.639 |
|
Debt/Equity
ratio |
3.479 |
2.779 |
3.923 |
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 |
1462.715 |
1281.233 |
1403.545 |
|
|
|
(12.407) |
9.546 |
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 |
1462.715 |
1281.233 |
1403.545 |
|
Profit/ (Loss) |
10.653 |
16.840 |
(159.261) |
|
|
0.73% |
1.31% |
(11.35%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
363.300 |
363.300 |
|
(b) Reserves and Surplus |
71.918 |
373.120 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
435.218 |
736.420 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
2626.442 |
1395.618 |
|
(b) Deferred tax liabilities (Net) |
(19.276) |
(11.760) |
|
(c) Other long-term
liabilities |
2407.258 |
2108.860 |
|
(d) long-term
provisions |
13.872 |
13.232 |
|
Total Non-current
Liabilities (3) |
5028.296 |
3505.950 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
|
(b) Trade
payables |
791.854 |
522.949 |
|
(c) Other
current liabilities |
1968.696 |
2978.856 |
|
(d) Short-term
provisions |
1.258 |
1.143 |
|
Total Current
Liabilities (4) |
2761.808 |
3502.948 |
|
|
|
|
|
TOTAL |
8225.322 |
7745.318 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
23.817 |
20.157 |
|
(ii)
Intangible Assets |
0.563 |
0.553 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.322 |
90.315 |
|
(c) Deferred tax assets (net) |
6.241 |
6.552 |
|
(d)
Long-term loans and advances |
279.584 |
280.378 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
310.527 |
397.955 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
0.000 |
0.000 |
|
(b)
Inventories |
6863.297 |
6532.397 |
|
(c) Trade
receivables |
444.710 |
210.607 |
|
(d) Cash and
bank balances |
188.818 |
148.825 |
|
(e)
Short-term loans and advances |
417.970 |
455.534 |
|
(f) Other
current assets |
0.000 |
0.000 |
|
Total
Current Assets |
7914.795 |
7347.363 |
|
|
|
|
|
TOTAL |
8225.322 |
7745.318 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1892.711 |
1281.233 |
|
|
Other Income |
22.722 |
17.159 |
|
|
TOTAL |
1915.433 |
1298.392 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Employee benefit expense |
99.435 |
89.769 |
|
|
Other expenses |
2086.881 |
1232.221 |
|
|
Exceptional items |
19.753 |
(38.257) |
|
|
TOTAL |
2206.069 |
1283.733 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(290.636) |
14.659 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.363 |
4.542 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(292.999) |
10.117 |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7.892 |
9.632 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(300.891) |
0.485 |
|
|
|
|
|
|
Less |
TAX |
0.311 |
1.424 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(301.202) |
(0.939) |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(8.29) |
(0.03) |
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 |
Yes |
|
26 |
Turnover of firm for last two/ three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 “Capitale No.22, 2nd Street, Nehru Nagar, Adyar, Chennai-600020, Tamilnadu, India” to the present address w.e.f. 04.02.2012.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G40770331 |
100089220 |
JM Financial Credit Solutions Ltd |
13/03/2017 |
- |
- |
1100000000.0 |
7th floor, Cnergy, Appasaheb Marathe Marg,Prabhadevi, Dadar (West)MumbaiMH400025IN |
|
2 |
C81673782 |
10505128 |
ICICI BANK LIMITED |
26/06/2014 |
25/02/2016 |
- |
500000000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGJ390015IN |
|
3 |
C11305349 |
10401742 |
ICICI BANK LIMITED |
09/01/2013 |
10/07/2014 |
- |
800000000.0 |
A 78, PLOT NO 32113RD AVENUE, ANNA NAGARCHENNAITN600102IN |
|
4 |
G79022992 |
100038157 |
IL & FS TRUST COMPANY LIMITED |
18/06/2016 |
03/08/2016 |
09/03/2018 |
210000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
5 |
G79022877 |
100024705 |
IL & FS TRUST COMPANY LIMITED |
29/04/2016 |
03/08/2016 |
09/03/2018 |
1000000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
6 |
G49148133 |
10505641 |
FEDERAL BANK LIMITED |
10/06/2014 |
- |
11/07/2017 |
195000000.0 |
61, ANNA SALAICHENNAICHENNAITN600002IN |
|
7 |
G40054512 |
10478297 |
BANK OF BARODA |
18/02/2014 |
18/02/2014 |
27/03/2017 |
300000000.0 |
Corporate Financial Services Branch2nd Floor74Theagaraya RoadNear Panagal ParkTNagarchennaiTN600017IN |
|
8 |
G39005004 |
10537055 |
PNB HOUSING FINANCE LIMITED |
26/06/2014 |
24/03/2016 |
22/03/2017 |
600000000.0 |
9TH FLOORANTRIKSH BHAWAN22 K G MARGNEW DELHIDe110001IN |
|
9 |
G06972038 |
10520764 |
ADITYA BIRLA FINANCE LIMITED |
15/04/2014 |
04/08/2014 |
01/07/2016 |
400000000.0 |
Indian Rayon Compound,VeravalGJ362266IN |
|
10 |
G05068945 |
10574563 |
Axis Bank Limited |
30/03/2015 |
- |
25/05/2016 |
40000000.0 |
"Trishul', 3rd Floor, Opp to Samartheshwar TempleLaw Garden, Ellis BridgeAhmedabadGJ380006IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Office equipment
- Computer
Accessories
- Computer
Software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 : |
AKY |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.