|
|
|
MIRA INFORM REPORT
|
Report No. : |
507244 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
OFFSHORE INFRASTRUCTURES LIMITED |
|
|
|
|
Formerly Known
As : |
OFFSHORE INFRASTRUCTURES PRIVATE LIMITED OFFSHORE INDUSTRIAL CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Udyog Kshetra, Mulund Link Road, Mumbai - 400080, Maharashtra |
|
Tel. No.: |
91-22-66721000 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-092409 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 78.765 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1995PLC092409 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
23AAACO1012F1ZC |
|
|
|
|
TIN No.: |
23783404673 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACO1012F |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in Construction, Fabrication and Maintenance Activities. (Registered Activity and also Confirmed by management) |
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|
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|
No. of Employees
: |
500 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1995 and it is having fine track. The company undertakes mechanical and construction contracts including fire protection system network contracts, projects in the water supply and distribution, refinery expansion, nuclear waste reprocessing, gas transmission and distribution and mass housing segments. For the financial year 2017, the company has healthy increased its revenue from operation as compared to previous year and maintained decent profitability margin of 5.12%. Rating takes into consideration sound financial profile of the company marked by healthy networth base and low debt balance sheet. Further, rating also reflects from established position in the construction industry backed by executing mechanical and civil projects, strong technical expertise along with healthy relationships with diverse customer base, including public sector utility (PSU) clients and healthy improvement in the revenue as well as profitability profile during the year. However, rating strength is partially offset by working capital-intensive operations and exposure to inherent cyclicality in construction industry. Trade relations are reported as fair. Business is active. Payments terms are reported to be regular. In view of the aforesaid, the company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
12.05.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
12.05.2017 |
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
31-03-2018.
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 04.05.2018
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 PARTED
|
Name : |
Ms. Ravina Malekar |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-66721000 |
|
Date : |
02.05.2018 |
LOCATIONS
|
Registered Office : |
22, Udyog Kshetra, Mulund Link Road, Mumbai - 400080, Maharashtra,
India |
|
Tel. No.: |
91-22-66721000 |
|
Fax No.: |
91-22-25693885 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Head Office: |
Plot No.D-28/15, MIDC, TTC Industrial Area, Turbhe, Navi Mumbai – 400
705, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Vishal Ranjit Sachdev |
|
Designation : |
Managing Director |
|
Address : |
House No 3, Divya Swapna, C G Marg, Chembur, Mumbai
-400071, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1967 |
|
Qualification : |
Diploma in Mechanical Engineering |
|
Date of Appointment : |
05.09.1995 |
|
PAN No.: |
AADPS3684D |
|
Date of Appointment : |
01.09.2006 |
|
DIN No.: |
00188764 |
|
|
|
|
Name : |
Mr. Shailesh Sachdev |
|
Designation : |
Director |
|
Address : |
House No 3, Divya Swapna, C G Marg, Chembur, Mumbai
-400071, Maharashtra, India |
|
Date of Birth/Age : |
25.07.1967 |
|
Qualification : |
Diploma In Civil Engineering |
|
Date of Appointment : |
05.09.1995 |
|
PAN No.: |
AADPS3684D |
|
DIN No.: |
00188761 |
|
|
|
|
Name : |
Mr. Mahendra Bahadursingh Chowhan |
|
Designation : |
Director |
|
Address : |
D-113, Lok Aangan, Mulund Colony, Mulund (West), Bhandup
Complex, Mumbai - 400082, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1956 |
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Qualification : |
Civil Engineer |
|
Date of Appointment : |
10.11.2006 |
|
PAN No.: |
AAHPC0566G |
|
Date of Appointment : |
10.11.2006 |
|
DIN No.: |
00227138 |
|
|
|
|
Name : |
Mrs. Alisha Vishal Sachdev |
|
Designation : |
Director |
|
Address : |
Row House No. 3, Divya Swapna Society, C.G. Road, Opposite
Basant Cinema, Chembur, Mumbai - 400074, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1963 |
|
Date of Appointment : |
30.09.2016 |
|
PAN No.: |
CEVPS2013C |
|
DIN No.: |
07499974 |
KEY EXECUTIVE
|
Name : |
Ms. Ravina Malekar |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Hiral Madhusudan Ashar |
|
Designation : |
Company Secretary |
|
Address : |
8, Bhaveshwar Maya, Rajawadi, 7th Road, Ghatkopar(East), Mumbai- 400077, Maharashtra, India |
|
Date of Appointment : |
01.12.2017 |
|
DIN No.: |
AOFPA0467G |
|
|
|
|
Name : |
Tilottam Ratnakar Chavan |
|
Designation : |
Chief finance officer |
|
Address : |
A/1203, Maple Heights, PLP Compound Off Balrajeshwar Road, Mulund (West), Mumbai -400080, Maharashtra, India |
|
Date of Appointment : |
30.01.2018 |
|
DIN No.: |
AABPC4399P |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Vishal Sachdev |
|
2313750 |
|
Shailesh Sachdev |
|
1863750 |
|
Ranjit Sachdev (HUF) |
|
1275375 |
|
Dimple Sachdev |
|
1143750 |
|
Payal Sachdev |
|
693750 |
|
Lata Sachdev |
|
585375 |
|
Vishal Sachdev (HUF) |
|
375 |
|
Shailesh Sachdev (HUF) |
|
375 |
|
Total |
|
7876500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family- Indian) |
69.23 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
30.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Construction, Fabrication and Maintenance Activities. (Registered Activity and also Confirmed by management) |
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Advance Payment |
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Purchasing : |
Advance Payment |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Chandan Parmar and Company Chartered Accountants |
|
Address : |
Alli Chambers, Ground Floor, Homi Modi, 2nd Cross Lane Fort, Mumbai - 400023, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFC5050A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Associates
Companies/ Concern: |
|
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
INR 10/- each |
INR 120.000 Million |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7876500 |
Equity Shares |
INR 10/- each |
INR 78.765 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 |
78.765 |
78.765 |
78.765 |
|
(b) Reserves and Surplus |
1907.899 |
1477.770 |
1212.041 |
|
(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) |
1986.664 |
1556.535 |
1290.806 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
170.688 |
172.911 |
125.237 |
|
(b) Deferred tax liabilities (Net) |
42.628 |
46.862 |
43.456 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
213.316 |
219.773 |
168.693 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
53.009 |
623.084 |
737.479 |
|
(b) Trade
payables |
1470.158 |
1401.560 |
1307.023 |
|
(c) Other
current liabilities |
60.467 |
223.224 |
117.621 |
|
(d) Short-term
provisions |
35.588 |
28.210 |
53.236 |
|
Total Current
Liabilities (4) |
1619.222 |
2276.078 |
2215.359 |
|
|
|
|
|
|
TOTAL |
3819.202 |
4052.386 |
3674.858 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
443.299 |
481.194 |
429.661 |
|
(ii)
Intangible Assets |
0.781 |
1.684 |
4.057 |
|
(iii) Tangible assets
capital work-in-progress |
2.727 |
1.495 |
0.048 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.038 |
3.038 |
3.080 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
41.502 |
41.656 |
43.879 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
491.347 |
529.067 |
480.725 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
375.333 |
1234.292 |
1447.604 |
|
(c) Trade
receivables |
1793.979 |
1224.833 |
829.759 |
|
(d) Cash and
bank balances |
772.142 |
731.951 |
675.332 |
|
(e)
Short-term loans and advances |
224.857 |
190.965 |
149.287 |
|
(f) Other
current assets |
161.544 |
141.278 |
92.151 |
|
Total
Current Assets |
3327.855 |
3523.319 |
3194.133 |
|
|
|
|
|
|
TOTAL |
3819.202 |
4052.386 |
3674.858 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
8319.305 |
5472.704 |
5203.836 |
|
|
Other Income |
57.438 |
59.612 |
34.703 |
|
|
TOTAL |
8376.743 |
5532.316 |
5238.539 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2547.435 |
1453.500 |
1703.629 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
858.959 |
213.108 |
(547.997) |
|
|
Employee benefit expense |
1008.599 |
1053.337 |
1288.531 |
|
|
Other expenses |
3072.481 |
2226.553 |
2229.260 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
(107.045) |
|
|
TOTAL |
7487.474 |
4946.498 |
4566.378 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
889.269 |
585.818 |
672.161 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
178.074 |
165.788 |
130.489 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
711.195 |
420.030 |
541.672 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.493 |
54.490 |
48.562 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
656.702 |
365.540 |
493.110 |
|
|
|
|
|
|
|
Less |
TAX |
230.967 |
132.572 |
172.561 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
425.735 |
232.968 |
320.549 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
7.818 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
54.05 |
29.58 |
40.70 |
|
|
Diluted |
24.05 |
29.58 |
40.70 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
10500.000 (Due to business
growth) |
The above information has been parted by Ms. Ravina Malekar (Finance
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
21.469 |
23.400 |
10.957 |
|
Net cash flows from (used in) operations |
905.661 |
413.736 |
(104.642) |
|
Net cash flows from (used in) operating activities |
677.839 |
259.544 |
(192.977) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
78.71 |
81.69 |
58.20 |
|
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
4.64 |
4.47 |
6.27 |
|
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
210.65 |
351.96 |
280.03 |
|
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
2.37 |
0.47 |
0.46 |
|
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
1.99 |
1.21 |
1.55 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.47 |
0.61 |
0.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.12 |
0.53 |
0.68 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.82 |
1.46 |
1.72 |
|
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.22 |
0.31 |
0.34 |
|
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
4.99 |
3.53 |
5.15 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
(%) |
5.12 |
4.26 |
6.16 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
(%) |
11.15 |
5.75 |
8.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
(%) |
21.43 |
14.97 |
24.83 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
2.06 |
1.55 |
1.44 |
|
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
1.82 |
1.01 |
0.79 |
|
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.52 |
0.38 |
0.35 |
|
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
3.11 |
10.40 |
11.09 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
|
2.06 |
1.55 |
1.44 |
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 |
78.765 |
78.765 |
78.765 |
|
Reserves & Surplus |
1212.041 |
1477.770 |
1907.899 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1290.806 |
1556.535 |
1986.664 |
|
|
|
|
|
|
Long-term borrowings |
125.237 |
172.911 |
170.688 |
|
Short term borrowings |
737.479 |
623.084 |
53.009 |
|
Current maturities of
long-term debts |
10.957 |
23.400 |
21.469 |
|
Total
borrowings |
873.673 |
819.395 |
245.166 |
|
Debt/Equity
ratio |
0.677 |
0.526 |
0.123 |
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 |
5203.836 |
5472.704 |
8319.305 |
|
|
|
5.167 |
52.015 |
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 |
5203.836 |
5472.704 |
8319.305 |
|
Profit/ (Loss) |
320.549 |
232.968 |
425.735 |
|
|
6.16
% |
4.26
% |
5.12
% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS
OPERATIONS AND FUTURE PROSPECTS
The Business operations done during the year: Production and Profitability: The Company earned a Profit of INR 425.735 Million for the Financial Year Ending 31st March, 2017. Sales: The Companies Turnover is INR 8319.305 million for the Financial Year Ending 31st March, 2017.
STATE OF COMPANY’S AFFAIRS
The company is in the business of to undertake development of Infrastructure work as contracted from the central Government, various State Governments, Union Territories, cantonments, local authorities, gram panchayats, autonomous bodies, and other Government departments as per agreement
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
118.853 |
107.561 |
|
|
|
|
|
Total |
118.853 |
107.561 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G39895859 |
100087282 |
HDFC BANK LIMITED |
15/03/2017 |
- |
1712000.0 |
HDFC BANK HOUSE,SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI-400013, MAHARASHTRA,INDIA |
|
2 |
G38351946 |
100083256 |
STANDARD CHARTERED BANK |
09/03/2017 |
- |
1000000000.0 |
NARAIN MANZIL,23, BARAKHAMBA ROAD,NEW DELHI-110001, INDIA |
|
3 |
G38352845 |
100083261 |
STANDARD CHARTERED BANK |
09/03/2017 |
- |
1000000000.0 |
NARAIN MANZIL,23, BARAKHAMBA ROAD,NEW DELHI-110001 INDIA |
|
4 |
G38353520 |
100083263 |
STANDARD CHARTERED BANK |
09/03/2017 |
- |
1000000000.0 |
NARAIN MANZIL,23, BARAKHAMBA ROAD, NEW DELHI-110001 INDIA |
|
5 |
G25954025 |
100062489 |
AXIS BANK LIMITED |
16/11/2016 |
- |
5479260.0 |
"TRISHUL', 3RD FLOOR, OPP TO SAMARTHESHWAR TEMPLELAW GARDEN, ELLIS BRIDGE AHMEDABAD-380006 GUJARAT, INDIA |
|
6 |
G39905336 |
10612967 |
IDFC BANK LIMITED |
14/01/2016 |
09/03/2017 |
800000000.0 |
KRM TOWER, 8TH FLOOR, NO. 1,HARRINGTON ROAD, CHETPET CHENNAI-600031 TAMILNADU, INDIA |
|
7 |
G00574376 |
100018064 |
HDFC BANK LIMITED |
10/08/2015 |
- |
69700000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013, MAHARASHTRA,INDIA |
|
8 |
G00611723 |
100018434 |
HDFC BANK LIMITED |
09/07/2015 |
- |
675000.0 |
HDFC BANK LIMITED, HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI-400013, MAHARASHTRA,INDIA |
|
9 |
C50595057 |
10565815 |
HDFC BANK LIMITED |
16/12/2014 |
- |
7546000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013, MAHARASHTRA,INDIA |
|
10 |
C50141951 |
10565008 |
HDFC BANK LIMITED |
04/12/2014 |
- |
563042.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013, MAHARASHTRA,INDIA |
FIXED ASSETS:
Tangible assets
- Buildings
- Plant and equipment
- Vehicles
- Office equipment
- Computer equipment’s
Intangible assets
- 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 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 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
RKI |
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.