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|
|
MIRA INFORM REPORT
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Report No. : |
506813 |
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Report Date : |
03.05.2018 |
IDENTIFICATION DETAILS
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Name : |
CASAGRAND BUILDER PRIVATE LIMITED |
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Formerly Known
As : |
CASA GRANDE PRIVATE LIMITED |
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Registered
Office : |
5th Floor, NPL Devi, New No -111, Old No 59, L.B. Road, Thiruvanmiyur,
Chennai-600041, Tamilnadu |
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Tel. No.: |
91-44-44111111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of Incorporation
: |
19.11.2003 |
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Com. Reg. No.: |
18-051989 |
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Capital
Investment / Paid-up Capital : |
INR 50.085 Million |
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CIN No.: [Company Identification
No.] |
U70101TN2003PTC051989 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
33AACCC2758A1Z8 |
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TIN No.: |
33070761794 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCC2758A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into Construction Services. [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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Maximum Credit Limit : |
USD 1450500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003 and it is engaged in real estate activities. As per registrar of companies the date of balance sheet i.e. financial filed is shown as 31.03.2017 but the documents related to the financial for the year 31.02.2017 are not available from any source. For the financial year 2016, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its well experienced management team. However, these rating strengths gets partially offset due to slowdown in the infrastructure and real estate sector which may affect the growth of the company. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating (Issuer Non-Cooperative)=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
05.03.2018 |
Note: Reason for Downgrade Issuer Non-Cooperative
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 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-44-44111111]
LOCATIONS
|
Registered Office : |
5th Floor, NPL Devi, New No -111, Old No 59, L.B. Road, Thiruvanmiyur,
Chennai-600041, Tamilnadu, India |
|
Tel. No.: |
91-44-44111111 |
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Fax No.: |
91-44-43150512 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
No.1-A, 2nd Floor, B.R. Nagar Main Road, Kothari Layout,
Coimbatore-641005, Tamilnadu, India |
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Branch Office 2 : |
No. 34/1, 4th Floor Salma Bizhouse Meanee Avenue Road, Opposite to Lakeside Hospital Ulsoor Road, Near Ulsoor lake, Bangalore-560042, Karnataka, India |
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Tel. No.: |
91-80-46668666 |
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Branch Office 3 : |
7th Floor, Alapatt Heritage Building MG Road, Kacheripady, |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Arun Manivannan Namachivayam |
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Designation : |
Managing Director |
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Address : |
141 A, Kaveri Nagar, Kuppam Beach Rd, Kottivakkam, Thiruvanmiyur, Chennai-600041, Tamilnadu, India |
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Date of Birth/Age : |
29.04.1980 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.11.2003 |
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PAN No.: |
ADNPA8113A |
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DIN No.: |
00793551 |
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Name : |
Mr. Krishnan Ramanathan Anerudan |
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Designation : |
Director |
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Address : |
Vignesh Villa, 6 Baywatch Boulevard, Waterland Drive,
Kottivakkam, Chennai-600041, Tamilnadu, India |
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Date of Birth/Age : |
05.05.1976 |
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Qualification : |
Graduate |
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Date of Appointment : |
19.11.2003 |
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PAN No.: |
ADTPA8788K |
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DIN No.: |
00791687 |
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KEY EXECUTIVES
|
Name : |
Mr. Ashokkumar Rathinasamy |
|
Designation : |
Company Secretary |
|
Address : |
Om Sakthi Homes, No 5, Surendra Nagar, 6th Street,
Adambakkam, Chennai-600088, Tamilnadu, India |
|
Date of Appointment : |
15.02.2017 |
|
PAN No.: |
AWAPA4160D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
M Arun Kumar |
|
2494500 |
|
K R Anerudan |
|
2494500 |
|
|
|
|
|
Total |
|
4989000 |
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Names of Shareholders (Class B Unlimited Dividend Equity Shares) |
|
No. of Shares |
|
M Arun Kumar |
|
500 |
|
K R Anerudan |
|
500 |
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|
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Total |
|
1000 |
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Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
K R Anerudan |
|
4926 |
|
M Arun Kumar |
|
4925 |
|
K S Manian |
|
100 |
|
Jayaraman |
|
8500 |
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Others |
|
49 |
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|
|
|
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Total |
|
18500 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Construction Services. [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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· Indian Overseas Bank · Bank of Baroda No3, Bakthavatchalam St, West Tambaram, Chennai-600045,
Tamilnadu, India |
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Financial Institutions : |
· JM Financial Credit Solutions Limited 7th Floor, Cnergy, Appa Saheb Marathe Marg, Prabhadevi,
Mumbai, Maharashtra, India · Aditya Birla Housing Finance Limited Indian Rayon Compound, Veraval-362266, Gujarat, India · IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R K Marg, Ballard
Estate, Mumbai-400001, Maharashtra, India |
|
Auditors : |
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|
Name : |
Brahmayya and Company Chartered Accountants |
|
Address : |
48 Masilamani Road, Balaji Nagar, Royapettah, Chennai-600014, Tamilnadu, India |
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PAN No.: |
AAAFB2481J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Common Key Management Personnel : |
Blitzkrieg Technology Private Limited, India [U74900TN2013PTC090689] Propel Holdings LLP Iris Development LLP Casa Grande Mappedu Distripark LLP Casa Grande Satherai Distripark LLP |
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|
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Joint venture : |
· Casa Grande Coimbatore LLP · Casa Grande Enterprises LLP · Casa Grande Vallam LLP · Casa Grande Real Estates LLP · Casa Grande Shelter LLP · Casa Grande Viswavihar LLP · Casa Grande Properties LLP · Casa Grande Realtors LLP |
|
|
|
|
Subsidiary
Companies : |
· Casa Grande Prop Care Private Limited, India [U70109TN2011PTC082842] · Casa Interior Studio Private Limited, India [U74999TN2012PTC086057] · Casa Grande Civil Engineering Private Limited, India [U45200TN2013PTC094127] · Casa Grande Distripark Private Limited, India [U74900TN2014PTC097895] · Casa Grande Homes Private Limited, India [U74999TN2015PTC101406] · Casagrande Laundryboy Private Limited, India [U74900TN2015PTC100965] · Space Hub Smart Livings Private Limited, India [U74900TN2015PTC101524] · Casa Grande Milestone Private Limited, India [U74900TN2015PTC101478] · Casa Grande Garden City Builders Private Limited, India [U45205KA2015PTC082415] |
CAPITAL STRUCTURE
AFTER: 30.09.2017
Authorised Capital : INR
53.110 Million
Issued, Subscribed & Paid-up Capital : INR 50.000 Million
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
1000 |
Equity Shares [Unlimited dividend equity shares] |
INR 10/- each |
INR 0.010 Million |
|
10000 |
Preference Shares [Redeemable Preference Shares] |
INR 10/- each |
INR 0.100 Million |
|
300000 |
Preference Shares [0% Redeemable Preference Shares] |
INR 10/- each |
INR 3.000 Million |
|
|
Total |
|
INR 53.110
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4989000 |
Equity Shares |
INR 10/- each |
INR 49.890
Million |
|
1000 |
Equity Shares [Unlimited dividend equity shares] |
INR 10/- each |
INR 0.010 Million |
|
10000 |
Preference Shares [Redeemable Preference Shares] |
INR 10/- each |
INR 0.100 Million |
|
8500 |
Preference Shares [0% Redeemable Preference Shares] |
INR 10/- each |
INR 0.085 Million |
|
|
Total |
|
INR 50.085
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 |
50.085 |
50.275 |
50.000 |
|
(b) Reserves and Surplus |
457.609 |
235.791 |
135.965 |
|
(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) |
507.694 |
286.066 |
185.965 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
418.288 |
592.667 |
460.116 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
116.460 |
61.460 |
1.260 |
|
(d) long-term
provisions |
8.267 |
5.221 |
3.428 |
|
Total Non-current
Liabilities (3) |
543.015 |
659.348 |
464.804 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
2003.904 |
639.848 |
252.206 |
|
(b) Trade
payables |
136.704 |
141.116 |
84.692 |
|
(c) Other
current liabilities |
2157.878 |
1686.415 |
931.666 |
|
(d) Short-term
provisions |
26.184 |
0.174 |
65.649 |
|
Total Current
Liabilities (4) |
4324.670 |
2467.553 |
1334.213 |
|
|
|
|
|
|
TOTAL |
5375.379 |
3412.967 |
1984.982 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
65.399 |
41.605 |
24.342 |
|
(ii)
Intangible Assets |
1.783 |
0.541 |
0.693 |
|
(iii) Tangible assets capital
work-in-progress |
0.286 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
7.490 |
|
(b) Non-current Investments |
3.288 |
1.955 |
0.898 |
|
(c) Deferred tax assets (net) |
10.815 |
23.080 |
2.400 |
|
(d)
Long-term loans and advances |
115.844 |
59.757 |
256.591 |
|
(e) Other
Non-current assets |
356.426 |
113.605 |
285.396 |
|
Total Non-Current
Assets |
553.841 |
240.543 |
577.810 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1842.193 |
1030.176 |
553.642 |
|
(c) Trade
receivables |
642.163 |
321.971 |
188.204 |
|
(d) Cash and
bank balances |
369.270 |
447.521 |
334.836 |
|
(e)
Short-term loans and advances |
1953.550 |
1168.119 |
257.502 |
|
(f) Other
current assets |
14.362 |
204.637 |
72.988 |
|
Total
Current Assets |
4821.538 |
3172.424 |
1407.172 |
|
|
|
|
|
|
TOTAL |
5375.379 |
3412.967 |
1984.982 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
2447.957 |
1738.566 |
1680.833 |
|
|
Other Income |
171.232 |
143.051 |
16.972 |
|
|
TOTAL |
2619.189 |
1881.617 |
1697.805 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(812.017) |
(476.534) |
(35.700) |
|
|
Employee benefit expense |
86.434 |
122.961 |
63.880 |
|
|
CSR expenditure |
5.000 |
0.000 |
0.000 |
|
|
Other expenses |
2967.756 |
2106.734 |
1360.167 |
|
|
TOTAL |
2247.173 |
1753.161 |
1388.347 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
372.016 |
128.456 |
309.458 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
30.002 |
57.701 |
45.959 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
342.014 |
70.755 |
263.499 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
29.349 |
18.834 |
5.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
312.665 |
51.921 |
257.904 |
|
|
|
|
|
|
|
Less |
TAX |
72.037 |
(20.680) |
96.234 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
240.628 |
72.601 |
161.670 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
48.22 |
14.55 |
37.51 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
80.567 |
65.507 |
68.432 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(834.779) |
(466.869) |
(52.546) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(868.926) |
(563.657) |
(115.757) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
95.75 |
67.60 |
40.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.81 |
5.40 |
8.93 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.20 |
0.12 |
0.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
5.51 |
3.05 |
9.51 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.90 |
0.92 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.93 |
4.54 |
4.20 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
8.52 |
8.63 |
7.17 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.13 |
0.15 |
0.17 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
12.40 |
2.23 |
6.73 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
9.83 |
4.18 |
9.62 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.48 |
2.13 |
8.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
47.40 |
25.38 |
86.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.11 |
1.29 |
1.05 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.69 |
0.87 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.09 |
0.08 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
49.97 |
25.82 |
15.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.11 |
1.29 |
1.05 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
50.000 |
50.275 |
50.085 |
|
Reserves & Surplus |
135.965 |
235.791 |
457.609 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
185.965 |
286.066 |
507.694 |
|
|
|
|
|
|
Long-term borrowings |
460.116 |
592.667 |
418.288 |
|
Short term borrowings |
252.206 |
639.848 |
2003.904 |
|
Current maturities of
long-term debts |
68.432 |
65.507 |
80.567 |
|
Total
borrowings |
780.754 |
1298.022 |
2502.759 |
|
Debt/Equity
ratio |
4.198 |
4.537 |
4.930 |
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 |
1680.833 |
1738.566 |
2447.957 |
|
|
|
3.435 |
40.803 |
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 |
1680.833 |
1738.566 |
2447.957 |
|
Profit/ (Loss) |
161.670 |
72.601 |
240.628 |
|
|
9.62
% |
4.18
% |
9.83
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.085 |
50.275 |
|
(b) Reserves and Surplus |
|
295.936 |
235.469 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
95.429 |
0.393 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
346.021 |
285.744 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
921.549 |
1209.167 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
9.411 |
1.461 |
|
(d) long-term
provisions |
|
14.576 |
6.746 |
|
Total Non-current
Liabilities (3) |
|
945.536 |
1217.374 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
2396.865 |
741.881 |
|
(b) Trade
payables |
|
344.785 |
190.957 |
|
(c) Other
current liabilities |
|
3898.026 |
1808.589 |
|
(d) Short-term
provisions |
|
79.365 |
105.566 |
|
Total Current
Liabilities (4) |
|
6719.041 |
2846.993 |
|
|
|
|
|
|
TOTAL |
|
8106.027 |
4350.504 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
389.820 |
89.930 |
|
(ii)
Intangible Assets |
|
2.961 |
0.728 |
|
(iii) Tangible assets
capital work-in-progress |
|
1.552 |
4.602 |
|
(iv)
Intangible assets under development |
|
0.286 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
81.061 |
27.046 |
|
(d)
Long-term loans and advances |
|
1004.436 |
728.664 |
|
(e) Other
Non-current assets |
|
129.844 |
(0.312) |
|
Total Non-Current
Assets |
|
1609.960 |
850.658 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
4682.038 |
2241.469 |
|
(c) Trade
receivables |
|
899.544 |
439.193 |
|
(d) Cash and
bank balances |
|
577.473 |
580.463 |
|
(e)
Short-term loans and advances |
|
306.807 |
237.005 |
|
(f) Other
current assets |
|
30.205 |
1.716 |
|
Total Current
Assets |
|
6496.067 |
3499.846 |
|
|
|
|
|
|
TOTAL |
|
8106.027 |
4350.504 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
5030.640 |
3439.865 |
|
|
Other Income |
|
50.144 |
27.493 |
|
|
TOTAL |
|
5080.784 |
3467.358 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1911.693) |
(915.894) |
|
|
Employee benefit expense |
|
372.941 |
245.655 |
|
|
CSR expenditure |
|
5.000 |
0.000 |
|
|
Other expenses |
|
5988.999 |
3681.205 |
|
|
TOTAL |
|
4455.247 |
3010.966 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
625.537 |
456.392 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
193.048 |
62.172 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
432.489 |
394.220 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
46.409 |
22.235 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
386.080 |
371.985 |
|
|
|
|
|
|
|
Less |
TAX |
|
165.327 |
146.451 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
220.753 |
225.534 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(141.476) |
(149.734) |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) FOR PERIOD |
|
79.277 |
75.800 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
15.89 |
15.19 |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G80084460 |
100162050 |
VISTRA ITCL (INDIA) LIMITED |
16/03/2018 |
- |
- |
1400000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
2 |
G81338469 |
100164319 |
IDBI TRUSTEESHIP SERVICES LIMITED |
26/02/2018 |
- |
- |
400000000.0 |
Asian Building, Ground Floor, 17, R K MargBallard EstateMumbaiMH400001IN |
|
3 |
G75325431 |
100146165 |
ADITYA BIRLA HOUSING FINANCE LIMITED |
30/12/2017 |
09/01/2018 |
- |
450000000.0 |
Indian Rayon Compound,VeravalGu362266IN |
|
4 |
G61085957 |
100132674 |
PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED |
07/11/2017 |
- |
- |
1800000000.0 |
4th Floor, Piramal Tower Annexe,Ganpatrao Kadam Marg, Lower ParelMumbaiMa400013IN |
|
5 |
G59635516 |
100130621 |
Bank of Baroda |
27/10/2017 |
- |
- |
145000000.0 |
No3,Bakthavatchalam st,west tambaramchennaiTN600045IN |
|
6 |
G49349582 |
100112723 |
RELIANCE HOME FINANCE LIMITED |
07/07/2017 |
- |
- |
120000000.0 |
Reliance Centre, 6th Floor, South Wing,Off. Western Express Highway, Santacruz (East)MumbaiTN600096IN |
|
7 |
G45367083 |
100101486 |
JM FINANCIAL PRODUCTS LIMITED |
26/04/2017 |
- |
- |
250000000.0 |
7th Floor, Cnergy, Appasaheb Marathe MargPrabhadeviMumbai |
|
8 |
G43888619 |
100097530 |
State Bank of India |
31/03/2017 |
- |
- |
180000000.0 |
No 51, SAP Industries First FloorSIDCO Industrial Estate, ThirumudivakkamChennaiTN600044IN |
|
9 |
G45344033 |
100101424 |
THE SOUTH INDIAN BANK LIMITED |
03/03/2017 |
- |
- |
425000000.0 |
Chennai Industrial Finance Branch,110, Raheja Towers, Anna Salai, ChennaiChennaiTN600002IN |
|
10 |
G40306474 |
100087776 |
TATA CAPITAL HOUSING FINANCE LIMITED |
13/01/2017 |
18/01/2017 |
- |
450000000.0 |
One ForbesDr V B Gandhi Marg, FortMumbaiMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
6.500 |
1.000 |
|
Loans and advances from others |
147.316 |
258.121 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Borrowing from foreign institutional agencies |
22.597 |
150.115 |
|
Loans and advances from related parties |
0.000 |
2.500 |
|
|
|
|
|
Total |
176.413 |
411.736 |
FINANCIAL REVIEW
STANDALONE
During the year, the Company registered revenue of INR 2447.900 Million as against INR 1738.500 Million in the previous year. The Net Profit for the year was INR 240.600 Million as compared to INR 72.600 Million in the previous year.
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from No. 5, II
Cross Street, Dr. Radhakrishnan Nagar, Thiruvanmiyur, Chennai-600041,
Tamilnadu, India to the present address w.e.f 02.08.2012
FIXED ASSETS:
Tangible Assets
·
Buildings
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
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, India Prisons Service,
Interpol, etc.
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 66.66 |
|
UK Pound |
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
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.