|
|
|
MIRA INFORM REPORT
|
Report No. : |
506841 |
|
Report Date : |
04.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
RADIANCE REALTY DEVELOPERS INDIA LIMITED (w.e.f. 21.12.2011) |
|
|
|
|
Formerly Known
As : |
NAPC
PROPERTIES LIMITED (w.e.f. 29.04.2011) NAPC
PROPERTIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 480, Anna Salai, Khivraj Complex II, 2nd Floor, VIth Floor,
Nandanam, Chennai-600035, Tamilnadu |
|
Tel. No.: |
91-44-43470970 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
08.03.2007 |
|
|
|
|
Com. Reg. No.: |
18-062662 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 359.982 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201TN2007PLC062662 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged / Not Applicable (As informed by the management
that firm does not have export and import) |
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TIN / CST No.: |
33551583023 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AACCN5152H1ZP |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN5152H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in sale of land and construction and sale of residential and commercial properties. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 4330000 |
|
|
|
|
Status : |
Good |
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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 2007. It is engaged into
construction business. For the financial year 2017, the company has achieved revenue growth
of 45.90% as compared to the previous year along with an average profit
margin of 1.10%. The sound financial profile of the company is marked by adequate
networth base along with strong debt protection metrics due to negligible
debt balance sheet profile. Rating takes into consideration the subject’s healthy Earnings per
share of INR 211.81 against the Face Value of INR 100. Payment seems to be usually correct. In view of 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.
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 |
CARE |
|
Rating |
Long term Borrowing = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
06.04.2018 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Borrowing= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
06.04.2018 |
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 DENIED
Management Non-Cooperative (91-9884012462)
91-44-43470970 - Continuously Ringing
LOCATIONS
|
Registered Office : |
No. 480, Anna Salai, Khivraj Complex II, 2nd Floor, VIth Floor,
Nandanam, Chennai-600035, Tamilnadu, India
|
|
Tel. No.: |
91-44-43470970 |
|
Fax No.: |
91-44-43470971 |
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E-Mail : |
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|
Website : |
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Branch Office : |
Empire Infantry, Ground Floor #29, Infantry
Road, Bangalore-560001, Karnataka, India |
|
Tel. No.: |
91-80-42150985 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Varun Manian |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
2 Second Street, Venus Colony Alwarpet, Chennai-600018, Tamilnadu,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.05.1982 |
||||||||||||||||||||||||||||||||||||||||
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Qualification : |
BBA |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.02.2012 |
||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ACJPV5938R |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00091388 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kumaraswamy Lakshmi |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
10/15, Crescent Street, 57 Abm Avenuje, Chennai-600028, Tamilnadu,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
02605084 |
||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Sankaranarayanan Subramanian |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.6/35e 22nd Street, Thillaiganga Nagar Nanganallur Chennai-600061,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.09.1974 |
||||||||||||||||||||||||||||||||||||||||
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Qualification : |
B.SC |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.10.2010 |
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DIN No.: |
02898620 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nagarana Srinivasan |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
F6, Palaniswamy Apts, 81, Luz Church Road, Mylapore, Chennai-600004,
Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.06.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B.SC |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.12.2013 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
06506212 |
||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Pudukkodchandrasekaran |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.20, Sun View Nes, 2nd Floor Abith Colony, Saidapet Chennai-600015, Tamilnadu,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07224996 |
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Other Directorship :
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||||||||||||||||||||||||||||||||||||||||
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Name : |
Ms. Maria Josephine Renaux |
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Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
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Address : |
46A, Kamaraj Road Rc Navarathna Block II D3 Kodungaiyur,
Chennai-600118, Tamilnadu, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
07224999 |
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Other Directorship :
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Kavassery Balasubramanian Sivasubramanian |
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Designation : |
Additional Director |
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|
Address : |
4 Second Street, Venus Colony Alwarpet Chennai 600018 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.03.2018 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00753290 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Srinivasan Krishnamurthy |
|
Designation : |
Chief Financial Officer |
|
Address : |
F1, Block 7, Kala Brindavan No.9 and 10, Thalayari Street,
West Mamb Alam Chennai-600033, Tamilnadu, India |
|
Date of Appointment : |
06.07.2016 |
|
PAN No.: |
ABUPS9073Q |
|
|
|
|
Name : |
Tejasvini |
|
Designation : |
Company Secretary |
|
Address : |
1/374, Ground Floor, Kalathumettu, 6th Street,
Kottivakkam, Chennai -600041, Tamilnadu, India |
|
Date of Appointment : |
02.04/2018 |
|
PAN No.: |
AYGPT7654R |
|
|
|
|
Name : |
Mr. Sivakumar |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
K S Manian |
23098 |
|
Varun Manian |
76222 |
|
Ranjini Manian |
500 |
|
S. Sankaranarayanan |
1 |
|
G Panchapagesan |
1 |
|
P.S. Mahalingam |
1 |
|
T.V. Ganapathy |
1 |
|
|
|
|
Total |
99824 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
Varun Manian |
3500000 |
|
|
|
|
Total |
3500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in sale of land and construction and sale of residential and commercial properties. [Registered Activity] |
||||
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||||
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Products / Services
: |
|
||||
|
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|
||||
|
Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
||||
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||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Kotak Mahindra Bank Limited, 27 BKC, C 27, G Block,
Bandra Kurla Complex, Bandra (East),Mumbai-600073, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
PKF Sridhar and Santhanam LLP Chartered Accountants |
|
Address : |
KRD Gee Gee Crystal No 91 and 92, 7th Floor, Dr. Radhakrishnan Salai, Mylapore, Chennai, Tamilnadu, India |
|
PAN No.: |
AAOFS2783G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company : |
·
Varun Manian Realty and Construction
Private Limited, India [U70109TN2010PTC077047] ·
Radiance Real Estate Consultancy FZE,
United Arab Emirates |
|
|
|
|
Associates : |
·
Manian Power Private Limited
[U40105TN2010PTC077032] |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Radiance Media Private Limited, India ·
Radiance Facility Management Services Private
Limited, India ·
Amcon Industries Private Limited ·
V.M. Aviation Private Limited ·
HCK NAPC Mines and Ores Private Limited |
CAPITAL STRUCTURE
AS ON 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 100/- each |
INR 10.000 Million |
|
7000000 |
Preference
Shares |
INR 100/- each |
INR 700.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 710.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99824 |
Equity Shares |
INR 100/- each |
INR 9.982 Million |
|
3500000 |
Preference
Shares |
INR 100/- each |
INR 350.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 359.982
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 |
359.982 |
359.982 |
359.982 |
|
(b) Reserves & Surplus |
1155.763 |
1144.298 |
1089.624 |
|
(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) |
1515.745 |
1504.280 |
1449.606 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
672.259 |
336.132 |
217.505 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
11.827 |
8.825 |
0.000 |
|
Total Non-current
Liabilities (3) |
684.086 |
344.957 |
217.505 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
828.033 |
876.054 |
862.600 |
|
(b) Trade
payables |
412.502 |
280.449 |
301.325 |
|
(c) Other
current liabilities |
930.727 |
485.889 |
406.396 |
|
(d) Short-term
provisions |
0.323 |
29.156 |
1.884 |
|
Total Current
Liabilities (4) |
2171.585 |
1671.548 |
1572.205 |
|
|
|
|
|
|
TOTAL |
4371.416 |
3520.785 |
3239.316 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
392.698 |
385.647 |
165.464 |
|
(ii)
Intangible Assets |
0.956 |
1.243 |
0.000 |
|
(iii)
Capital work-in-progress |
9.353 |
1.064 |
0.769 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
492.036 |
472.775 |
475.003 |
|
(c) Deferred tax assets (net) |
13.947 |
11.338 |
8.188 |
|
(d)
Long-term Loan and Advances |
156.395 |
126.180 |
166.521 |
|
(e) Other
Non-current assets |
27.813 |
57.463 |
0.070 |
|
Total Non-Current
Assets |
1093.198 |
1055.710 |
816.015 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.404 |
0.227 |
0.000 |
|
(b)
Inventories |
2205.063 |
1797.094 |
1712.228 |
|
(c) Trade
receivables |
404.519 |
263.346 |
183.792 |
|
(d) Cash
and cash equivalents |
78.084 |
36.988 |
50.648 |
|
(e)
Short-term loans and advances |
590.148 |
367.385 |
476.633 |
|
(f) Other
current assets |
0.000 |
0.035 |
0.000 |
|
Total
Current Assets |
3278.218 |
2465.075 |
2423.301 |
|
|
|
|
|
|
TOTAL |
4371.416 |
3520.785 |
3239.316 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1914.615 |
1312.267 |
1348.367 |
|
|
Other Income |
38.157 |
26.011 |
23.586 |
|
|
TOTAL |
1952.772 |
1338.278 |
1371.953 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2104.293 |
1184.439 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(537.546) |
(122.381) |
0.000 |
|
|
Employee benefit expense |
89.130 |
66.786 |
59.911 |
|
|
CSR expenditure |
1.269 |
3.404 |
2.525 |
|
|
Other expenses |
188.652 |
95.031 |
1194.792 |
|
|
TOTAL |
1845.798 |
1227.279 |
1257.228 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
106.974 |
110.999 |
114.725 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.180 |
4.135 |
14.723 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.794 |
106.864 |
100.002 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
37.747 |
35.439 |
36.281 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
43.047 |
71.425 |
63.721 |
|
|
|
|
|
|
|
Less |
TAX |
21.903 |
26.006 |
22.811 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
21.144 |
45.419 |
40.910 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
211.81 |
454.98 |
410.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
685.591 |
318.831 |
52.560 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(110.962) |
87.131 |
196.715 |
|
Net cash flows from (used in) operating activities |
(149.906) |
80.802 |
168.541 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
77.12 |
73.25 |
49.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.73 |
4.98 |
7.34 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
71.55 |
86.42 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.05 |
0.06 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.27 |
0.29 |
0.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.66 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.44 |
1.02 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.43 |
1.11 |
1.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.27 |
0.26 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.09 |
26.84 |
7.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
1.10 |
3.46 |
3.03 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.48 |
1.29 |
1.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.39 |
3.02 |
2.82 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.51 |
1.47 |
1.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.49 |
0.40 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.43 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.07 |
4.25 |
3.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.51 |
1.47 |
1.54 |
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 |
359.982 |
359.982 |
359.982 |
|
Reserves & Surplus |
1089.624 |
1144.298 |
1155.763 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1449.606 |
1504.280 |
1515.745 |
|
|
|
|
|
|
Long-term borrowings |
217.505 |
336.132 |
672.259 |
|
Short term borrowings |
862.600 |
876.054 |
828.033 |
|
Current maturities of
long-term debts |
52.560 |
318.831 |
685.591 |
|
Total
borrowings |
1132.665 |
1531.017 |
2185.883 |
|
Debt/Equity
ratio |
0.781 |
1.018 |
1.442 |
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 |
1348.367 |
1312.267 |
1914.615 |
|
|
|
(2.677) |
45.901 |
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 |
1348.367 |
1312.267 |
1914.615 |
|
Profit/ (Loss) |
40.910 |
45.419 |
21.144 |
|
|
3.03
% |
3.46
% |
1.10
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
359.982 |
359.982 |
|
(b) Reserves and Surplus |
|
1205.573 |
1170.731 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
1.013 |
3.205 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1565.555 |
1530.713 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
684.384 |
370.383 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
6.092 |
4.528 |
|
Total Non-current
Liabilities (3) |
|
690.476 |
374.911 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
828.033 |
877.032 |
|
(b) Trade
payables |
|
412.502 |
280.450 |
|
(c) Other
current liabilities |
|
963.703 |
516.748 |
|
(d) Short-term
provisions |
|
0.322 |
29.156 |
|
Total Current
Liabilities (4) |
|
2204.560 |
1703.386 |
|
|
|
|
|
|
TOTAL |
|
4461.604 |
3612.215 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
456.792 |
453.305 |
|
(ii)
Intangible Assets |
|
0.956 |
1.243 |
|
(iii) Tangible assets
capital work-in-progress |
|
9.353 |
1.064 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
310.634 |
310.634 |
|
(c) Deferred tax assets (net) |
|
13.947 |
11.338 |
|
(d)
Long-term
loans and advances |
|
156.395 |
126.180 |
|
(e) Other
Non-current assets |
|
27.854 |
57.519 |
|
Total Non-Current
Assets |
|
975.931 |
961.283 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.406 |
0.227 |
|
(b)
Inventories |
|
2205.063 |
1797.094 |
|
(c) Trade
receivables |
|
560.411 |
416.294 |
|
(d) Cash and bank
balances |
|
80.852 |
38.300 |
|
(e)
Short-term loans and advances |
|
638.625 |
398.982 |
|
(f) Other
current assets |
|
0.316 |
0.035 |
|
Total
Current Assets |
|
3485.673 |
2650.932 |
|
|
|
|
|
|
TOTAL |
|
4461.604 |
3612.215 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1919.014 |
1316.269 |
|
|
Other Income |
|
64.726 |
48.432 |
|
|
TOTAL |
|
1983.740 |
1364.701 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1974.716 |
1371.118 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(407.969) |
(309.060) |
|
|
Employee benefit expense |
|
95.301 |
69.439 |
|
|
CSR expenditure |
|
1.269 |
3.404 |
|
|
Other expenses |
|
193.771 |
108.282 |
|
|
TOTAL |
|
1857.088 |
1243.183 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
126.652 |
121.518 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
27.570 |
7.655 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
99.082 |
113.863 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
41.311 |
38.060 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
57.771 |
75.803 |
|
|
|
|
|
|
|
Less |
TAX |
|
22.021 |
26.006 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
35.750 |
49.797 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(0.046) |
(0.394) |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
35.705 |
49.402 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
357.68 |
494.89 |
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 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 |
NOTE: The Registered
Office of the company has been shifted from 76/96 Greenways Road Extension, R A
Puram, Chennai-600028, Tamilnadu, India to the present address w.e.f 12.06.2007
CORPORATE INFORMATION
The Company is a Public Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Sale of Land & construction and sale of residential and commercial properties.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Bonds/debentures |
56.200 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
658.193 |
795.264 |
|
|
|
|
|
Total |
714.393 |
795.264 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G70403829 |
100140477 |
HDFC BANK LIMITED |
05/12/2017 |
- |
- |
5300000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL WEST MUMBAI MH400013IN |
|
2 |
G75062935 |
100150127 |
HDFC BANK LIMITED |
04/10/2017 |
- |
- |
1275000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARG LOWER PAREL WEST MUMBAI MH400013IN |
|
3 |
G56232507 |
100127400 |
HDFC BANK LIMITED |
08/09/2017 |
- |
- |
21200000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MH400013IN |
|
4 |
G57490419 |
100115978 |
KOTAK MAHINDRA BANK LIMITED |
04/07/2017 |
13/07/2017 |
- |
350000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI TN600073IN |
|
5 |
G53796579 |
100113629 |
KOTAK MAHINDRA PRIME LIMITED |
04/07/2017 |
14/07/2017 |
- |
950000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI TN600101IN |
|
6 |
G69301836 |
100113630 |
KOTAK MAHINDRA INVESTMENTS LIMITED |
04/07/2017 |
10/11/2017 |
- |
1400000000.0 |
27BKC, C 27, G BLOCK BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI TN600073IN |
|
7 |
G47721352 |
100108025 |
AXIS BANK LIMITED |
22/06/2017 |
- |
- |
1335000.0 |
CORPORATE BANKING BRANCH NO.192 ANNA SALAI CHENNAI TN600002IN |
|
8 |
G75905349 |
100110243 |
AXIS BANK LIMITED |
20/06/2017 |
09/01/2018 |
- |
200000000.0 |
CORPORATE BANKING BRANCH NO.192 ANNA SALAI CHENNAI TN600049IN |
|
9 |
G44161297 |
100098744 |
HDFC BANK LIMITED |
15/03/2017 |
- |
- |
550000.0 |
HDFC BANK HOUSE SENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI MH400013IN |
|
10 |
G44160703 |
100098739 |
AXIS BANK LIMITED |
22/02/2017 |
- |
- |
1214519.0 |
CORPORATE BANKING BRANCHNO.192 ANNA SALAI CHENNAI TN600002IN |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
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,
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 : |
SHR |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
NKT |
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.