|
|
|
MIRA INFORM REPORT
|
Report No. : |
506810 |
|
Report Date : |
05.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
LANDMARK HOUSING PROJECTS CHENNAI PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 27 Saravana Street, T Nagar, Chennai - 600017, Tamilnadu, |
|
Tel. No.: |
91-44-43438282 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
06.05.2013 |
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|
|
|
Com. Reg. No.: |
090982 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 148.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400TN2013PTC090982 |
|
|
|
|
TIN No.: |
33041583158 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCL4683M |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AACCL4683M1Z6 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Construction activity. (Registered activity) |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2013 and it is engaged in construction of buildings. Management has failed to file its financials after the FY 2015 with Government Registry. As per available financials of March 2015, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported average profit margin. Rating takes into consideration the company’s limited track record of business operations marked by moderate financials risk profile along with high debt balance sheet and unfavourable gap between its trade payables to its trade receivables. Rating is further constrained on account the company’s absence of latest financial information and its presence in highly competitive and huge working capital requirement construction industry. Payments seems to be slow. In view of aforesaid, the company can be considered for business dealing at safe and secured 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 05.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
MANAGEMENT NON-COOPERATIVE (TEL NO.: 91-44-43438282)
LOCATIONS
|
Registered Office : |
No. 27 Saravana Street, T Nagar, Chennai - 600017, Tamilnadu, India |
|
Tel. No.: |
91-44-43438282 |
|
Fax No.: |
91-44-43438283 |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Udaya Kumar |
||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||
|
Address : |
No. 24 Krishna Street, Thiyagaraya Nagar, Chennai – 600017, Tamilnadu, India |
||||||||||||||||||||
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Date of Birth/Age : |
09.07.1967 |
||||||||||||||||||||
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Qualification : |
Diploma in Civil Engineering |
||||||||||||||||||||
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Date of Appointment : |
06.05.2013 |
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PAN No.: |
AAHPU5811C |
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DIN No.: |
03422866 |
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Other Directorship:
|
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|
||||||||||||||||||||
|
Name : |
Udayakumar Bhuvaneshwari |
||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||
|
Address : |
No. 24 Krishna Street, Thiyagaraya Nagar, Chennai – 600017, Tamilnadu, India |
||||||||||||||||||||
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Date of Birth/Age : |
11.12.1971 |
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Qualification : |
MBA |
||||||||||||||||||||
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Date of Appointment : |
06.05.2013 |
||||||||||||||||||||
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PAN No.: |
AJCPB8125E |
||||||||||||||||||||
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DIN No.: |
06574217 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Udayakumar Thulasingam Kabaleeswaran Thualasingam |
14864000 |
99.96 |
|
Udayakumar Bhuvaneshwari |
6000 |
0.04 |
|
Total |
14870000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction activity. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions : |
602, Hallmark Business Square, Saint
Dhyaneshwar, Marg, Opposite Guru Nanak Hospital, Bandra (East), Mumbai -
400051, Maharashtra, India
Asian Building, Ground Floor, 17, R.Kamani
Marg, Ballard Estate, Mumbai - 400001, Maharashtra, India
Edelweiss House, Off. C.S.T Road, Kalina,
Mumbai - 400098,
Ramon House 169, Backbay Reclamation, H T Parekh
Marg, Mumbai - 400020, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N.Balasubramanian Associates Chartered Accountants |
|
Address : |
50 (Old No 29) Mandapam Road, Kilpauk, Chennai – 600010, Tamilnadu, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFN2848E |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Subsidiary
Companies : |
U45208TN2012PTC087568
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
INR 10/- each |
INR 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14870000 |
Equity Shares |
INR 10/- each |
INR 148.700
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
148.700 |
148.700 |
|
(b) Reserves & Surplus |
|
39.497 |
29.596 |
|
(c) Money received against share
warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
188.197 |
178.296 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
165.741 |
842.353 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
165.741 |
842.353 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1262.153 |
282.567 |
|
(b) Trade payables |
|
3422.444 |
400.199 |
|
(c) Other current liabilities |
|
71.077 |
2018.695 |
|
(d) Short-term provisions |
|
25.371 |
16.164 |
|
Total
Current Liabilities (4) |
|
4781.045 |
2717.625 |
|
|
|
|
|
|
TOTAL |
|
5134.983 |
3738.274 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
231.721 |
223.256 |
|
(ii) Intangible Assets |
|
0.447 |
0.072 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
12.849 |
8.449 |
|
(c) Deferred tax assets (net) |
|
3.836 |
1.951 |
|
(d) Long-term Loan and Advances |
|
57.239 |
54.257 |
|
(e) Other Non-current assets |
|
0.426 |
0.568 |
|
Total
Non-Current Assets |
|
306.518 |
288.553 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1051.289 |
1062.057 |
|
(c) Trade receivables |
|
695.097 |
514.674 |
|
(d) Cash and cash equivalents |
|
27.438 |
241.480 |
|
(e) Short-term loans and
advances |
|
2703.597 |
1438.112 |
|
(f) Other current assets |
|
351.044 |
193.398 |
|
Total
Current Assets |
|
4828.465 |
3449.721 |
|
|
|
|
|
|
TOTAL |
|
5134.983 |
3738.274 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
873.195 |
1252.304 |
|
|
Other Income |
|
12.520 |
28.527 |
|
|
TOTAL
|
|
885.715 |
1280.831 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
292.891 |
403.919 |
|
|
Exceptional Items |
|
0.142 |
0.142 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
10.769 |
(14.490) |
|
|
Employees benefits expense |
|
97.396 |
41.944 |
|
|
Other expenses |
|
324.360 |
504.366 |
|
|
TOTAL
|
|
725.558 |
935.881 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
160.157 |
344.950 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
130.345 |
284.809 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
29.812 |
60.141 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
14.507 |
15.328 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
15.305 |
44.813 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.404 |
16.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
9.901 |
28.613 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
0.67 |
1.92 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flow from operating activity |
|
15.305 |
44.813 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
290.55 |
150.01 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
1.26 |
2.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
4265.04 |
361.64 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.15 |
0.32 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.69 |
1.54 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.96 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
7.59 |
6.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
|
25.40 |
15.24 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
1.23 |
1.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.23 |
1.21 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
((PAT / Sales) * 100) |
% |
|
1.13 |
2.28 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
0.19 |
0.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
5.26 |
16.05 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.01 |
1.27 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
|
0.79 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.04 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
9.60 |
7.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.01 |
1.27 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
148.700 |
148.700 |
|
Reserves & Surplus |
29.596 |
39.497 |
|
Net
worth |
178.296 |
188.197 |
|
|
|
|
|
Long Term borrowings |
842.353 |
165.741 |
|
Short Term borrowings |
282.567 |
1262.153 |
|
Total
borrowings |
1124.920 |
1427.894 |
|
Debt/Equity
ratio |
6.309 |
7.587 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
1252.304 |
873.195 |
|
|
|
(30.273) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
1252.304 |
873.195 |
|
Profit |
28.613 |
9.901 |
|
|
2.28% |
1.13% |
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 |
No |
|
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 |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIRS AND FUTURE OUTLOOK
The Company had registered a turnover of INR 885.715 million as against INR 1280.831 Million for the previous year. The Company registered an EBT (Earnings before Taxation) of INR 15.305 Million as against INR 44.813 Million for the previous year. The Company profit after reduced for the reporting year of INR 9.901 Million as against INR 28.613 Million for the previous year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (INR
in Million) |
31.03.2014 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
31.286 |
|
Rupee term loans from others |
0.000 |
55.490 |
|
Loans and advances from directors |
154.566 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
0.000 |
55.515 |
|
Loans repayable on demand from others |
330.877 |
20.345 |
|
Intercorporate borrowings |
42.457 |
0.000 |
|
Total |
527.900 |
162.636 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G23270127 |
100061860 |
JM FINANCIAL CREDIT SOLUTIONS LIMITED |
12/09/2016 |
- |
- |
320000000.0 |
7th Floor, Cnergy, Appasaheb Marathe Marg,PrabhadeviMUMBAIMa400025IN |
|
2 |
C60263308 |
10583013 |
MILESTONE TRUSTEESHIP SERVICES PRIVATE LIMITED |
17/06/2015 |
- |
- |
750000000.0 |
602, HALLMARK BUSINESS SQUARE, SAINT DHYANESHWARMARG, OPP. GURU NANAK HOSPITAL, BANDRA (EAST)MUMBAIMH400051IN |
|
3 |
G22017248 |
10553102 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
06/02/2015 |
13/09/2016 |
- |
1100000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMa400020IN |
|
4 |
G37575511 |
10552672 |
IDBI TRUSTEESHIP SERVICES LIMITED |
13/02/2015 |
- |
06/03/2017 |
1300000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
5 |
G37574720 |
10550226 |
IDBI TRUSTEESHIP SERVICES LIMITED |
12/02/2015 |
- |
28/02/2017 |
1300000000.0 |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,Ballard Estate,MUMBAIMH400001IN |
|
6 |
G36377364 |
10549008 |
ECL FINANCE LIMITED |
12/02/2015 |
- |
03/02/2017 |
150000000.0 |
Edelweiss House, Off. C.S.T Road, Kalina,MumbaiMH400098IN |
|
7 |
C51266690 |
10482104 |
Piramal Enterprises Limited |
03/10/2013 |
- |
30/03/2015 |
720000000.0 |
PIRAMAL TOWER, GANPATRAO KADAM MARGLOWER PARELMUMBAIMH400013IN |
|
8 |
C51077881 |
10464211 |
Piramal Enterprises Limited |
11/10/2013 |
31/10/2013 |
30/03/2015 |
720000000.0 |
PIRAMAL TOWER, GANPATRAO KADAM MARGLOWER PARELMUMBAIMH400013IN |
|
9 |
C46558706 |
10432931 |
Capri Global Capital Limited |
23/05/2013 |
30/05/2013 |
13/03/2015 |
600000000.0 |
1-B,COURT CHAMBERS, 35, SIR VITHALDAS THACKERSEY MNEW MARINE LINESMUMBAIMH400020IN |
|
10 |
C45975976 |
10490015 |
KOTAK MAHINDRA BANK 555, 'CAPITALE' ANNA SALAI |
18/02/2014 |
- |
05/03/2015 |
200000000.0 |
KOTAK MAHINDRA BANK 555, 'CAPITALE' ANNA SALAITEYNAMPETCHENNAITN600018IN |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Vehicles
- Furniture and fixtures
- Computer equipments
- Motor vehicles
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 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.