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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

506887

Report Date :

07.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

HI LITE BUILDERS PRIVATE LIMITED

 

 

Registered Office :

G-1003, T-1, Hilite Business Park, Hilite City, N.H. 17, Thondayad  Bypass,  Calicut - 673014, Kerala

Tel. No.:

91-495-2352500 (20 Lines)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

12.05.2003

 

 

Com. Reg. No.:

09-016410

 

 

Capital Investment / Paid-up Capital :

INR 3.783 Million

 

 

CIN No.:

[Company Identification No.]

U45201KL2003PTC016140

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

32AABCH3734L1ZP

 

 

TIN No:

32111555084

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCH3734L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Construction Activity. (Registered activity and also confirmed by management)

 

 

No. of Employees :

70 (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

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 220000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Exists

 

 

Comments :

Subject was incorporated in the year 2003. The company is engaged in the business of construction.

 

Management has not filed its financial record with government department for the year 2017 and same are not available from any other sources.

 

As per the financial of 2016, the company has achieved a favourable growth of 23.14% in its revenue from operation as compared to the previous year and has reported an average net profit margin of 1.08%.

 

The satisfactory financial position of the company is marked by adequate net worth base, moderate debt balance sheet profile and acceptable liquidity position.

 

Rating is constrained on account of absence of latest financial record.

 

Business is active. Payment seems to be slow.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

 

 

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 07.05.2018

 

 

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 BY (GENERAL DETAILS)

 

Name :

Mr. Saji Josef

Designation :

General Manager

Contact No.:

91-9544003444

Date :

28.04.2018

 

 

 

LOCATIONS

 

Registered Office :

G-1003, T-1, Hilite Business Park, Hilite City, N.H. 17, Thondayad  Bypass,  G.A. College P.O., Calicut - 673014, Kerala, India

Tel. No.:

91-495-2352500 (20 Lines)

Mobile No.:

91-9544003444 (Mr. Saji Josef)

Fax No.:

91-495-2354500

E-Mail :

asa.acs@gmail.com

ajmaltt@gmail.com

Info@hilitebuilders.com

sales@hilitebuilders.com 

gmfinance@hilitebuilders.com

Website :

http://www.hilitebuilders.com  

Location :

Owned

Locality :

Commercial

 

 

Branch Office:

Behind BMW Showroom, NH-47 Bypass, Vytilla, Kochi, Kerala, India

 

 

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Sulaiman Puthukulangara

Designation :

Director

Address :

Moothedath House, Vallikkunnu P.O, Kadalundi Nagaram, Malappuram-673314, Kerala, India

Date of Birth/Age :

01.06.1971

Date of Appointment :

13.05.2003

DIN No:

00034771

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45201KL2006PTC019091

HI LITE PROJECTS PRIVATE LIMITED

21/01/2006

-

U70109KL2005PTC018968

HI-LITE FOOD COURTS AND ENTERTAINMENT PRIVATE LIMITED

20/02/2016

-

U70102KL2006PTC019911

EAST FORT DEVELOPERS PRIVATE LIMITED

20/02/2016

-

U45200KL2011PTC029155

SECURA PROJECT MANAGEMENT COMPANY PRIVATE LIMITED

17/08/2011

-

U45200KL2012PTC032226

HI LITE CONSTRUCTIONS PRIVATE LIMITED

24/09/2012

-

U70102KL2007PTC020974

HI-LITE REALTORS (INDIA) PRIVATE LIMITED

21/06/2007

-

U45200KL2012PTC032779

WEST FORT PROPERTY DEVELOPERS PRIVATE LIMITED

20/02/2016

-

U70100KL2013PTC033618

NORTHFORT DEVELOPERS PRIVATE LIMITED

20/02/2016

-

U74900KA2015PTC079109

HILITE TURNKEY INTERIORS PRIVATE LIMITED

03/03/2015

-

U91900KL2015NPL039644

GREATER MALABAR INITIATIVE FOUNDATION

04/12/2015

-

U45500KL2017PTC049226

WINTER NORTH DEVELOPERS PRIVATE LIMITED

23/05/2017

-

U45500KL2017PTC050535

CALICUT ATLANTIS HILLS PRIVATE LIMITED

27/09/2017

-

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-9048

HI LITE INTERIORS LLP

03/05/2012

-

AAB-3918

HI-LITE REALTORS (INDIA) LLP

12/03/2013

-

AAC-4122

SOUTH FORT PROPERTY DEVELOPERS LIMITED LIABILITY PARTNERSHIP

28/06/2014

-

AAD-6332

SECURA PROJECT MANAGEMENT LLP

26/03/2015

17/03/2017

AAD-5282

HILITE MALL (THRISSUR) LLP

12/03/2015

-

AAD-8106

HUG A MUG CAFE LLP

23/04/2015

-

AAE-3924

HILITE MALL (TRIVANDRUM) LLP

15/07/2015

-

AAF-5215

ROCKEAST PROPERTIES LLP

01/03/2016

-

AAK-1282

CALICUT RETAIL SPACES LLP

26/07/2017

-

AAL-0539

HILITE MALL(KANNUR) LLP

06/11/2017

-

 

 

Name :

Mrs. Nasheeda Sulaiman

Designation :

Director

Address :

Moothedath House, Vallikkunnu P.O, Kadalundi Nagaram, Malappuram-673314, Kerala, India

Date of Birth/Age :

03.10.1967

Date of Appointment :

13.05.2003

DIN No:

00036416

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45201KL2006PTC019091

HI LITE PROJECTS PRIVATE LIMITED

21/01/2006

-

U70109KL2005PTC018968

HI-LITE FOOD COURTS AND ENTERTAINMENT PRIVATE LIMITED

30/09/2008

-

U70102KL2006PTC019911

EAST FORT DEVELOPERS PRIVATE LIMITED

30/09/2010

-

U45200KL2012PTC032226

HI LITE CONSTRUCTIONS PRIVATE LIMITED

24/09/2012

-

U45200KL2012PTC032779

WEST FORT PROPERTY DEVELOPERS PRIVATE LIMITED

30/09/2017

-

U70100KL2013PTC033618

NORTHFORT DEVELOPERS PRIVATE LIMITED

30/09/2017

-

U74900KA2015PTC079109

HILITE TURNKEY INTERIORS PRIVATE LIMITED

03/03/2015

-

U45500KL2017PTC049226

WINTER NORTH DEVELOPERS PRIVATE LIMITED

23/05/2017

-

U45500KL2017PTC050535

CALICUT ATLANTIS HILLS PRIVATE LIMITED

27/09/2017

-

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-9048

HI LITE INTERIORS LLP

03/05/2012

-

AAB-3918

HI-LITE REALTORS (INDIA) LLP

02/02/2017

-

AAC-4122

SOUTH FORT PROPERTY DEVELOPERS LIMITED LIABILITY PARTNERSHIP

02/02/2017

-

AAD-5282

HILITE MALL (THRISSUR) LLP

02/02/2017

-

AAE-3924

HILITE MALL (TRIVANDRUM) LLP

02/02/2017

-

AAF-5215

ROCKEAST PROPERTIES LLP

01/03/2016

-

AAK-1282

CALICUT RETAIL SPACES LLP

26/07/2017

-

AAL-0539

HILITE MALL(KANNUR) LLP

06/11/2017

-

 

 

Name :

Mr. Abdul Shukoor

Designation :

Director

Address :

Chenath House, Kuttipala, P.O. Edarikode, Malappuram-676501, Kerala, India

Date of Birth/Age :

10.04.1974

Date of Appointment :

20.02.2016

DIN No:

07443214

 

 

KEY EXECUTIVES

 

Name :

Ashique Sameer Associates

Designation :

Company Secretary

Address :

ASA Bhavan, 28/2513, Opposite Vigilance Office, Thondayad, Nellikode P.O. Calicut - 473016

Tel. No:

91-49-2352718/ 19

Email:

Asa.acs@gmail.com

 

 

Name :

Mr. Saji Josef

Designation :

General Manager

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2016

 

Names of Shareholders

No. of Shares

% of Holding

Sulaiman Puthukulangara

244393

64.60

Nasheeda Sulaiman

6053

1.60

Noushan K.P.

40102

10.60

Mehaboob M.A.

80204

21.20

Hariz C.M.

3783

1.00

Abdul Shukoor

3783

1.00

Total

378318

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2016

 

Category

Percentage

Promoters (Individual/Hindu Undivided Family – Indian)

89.40

Public/Other than promoters (Individual/Hindu Undivided Family – Indian)

10.60

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Construction Activity. (Registered activity and also confirmed by management)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Advance payment, L/C and Cheque (RTGS)

 

 

Purchasing :

Advance payment, L/C and Cheque (RTGS)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :
  • Addon Integrated Facility Solutions
  • Amazone Water Supply
  • Ashique Sameer Associates
  • Axis Media
  • Exide Shope
  • Illiyas
  • National Trading Company
  • Pres Link International
  • Roots Multi Clean Limited
  • Safe India Marketing Services
  • Super Middle East Marketing India Private Limited

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Contractor and Builders

 

  • Aghin Roadways
  • Baabte System Technologies Private Limited
  • Brainwash Branding Creatives and Concepts
  • Good Health Medicals and Surgicals
  • Krishnan Kutty and Neeraja Pradeep
  • Luvia Networks Private Limited
  • Nu Core Software Solutions Private Limited
  • Software Associates information Technologies Private Limited
  • Steel Tech
  • Hilite Projects Private Limited
  • Hilite Constructions Private Limited 

 

Reference :

Adwana Technologies Private Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

70 (Approximately)

 

 

Bankers :

Banker Name :

Dhanlaxmi Bank Limited

Branch :

C M Mathew Brother's Tower, Ram Mohan Road, Chinthavalappu, Kozhikode – 673004, Kerala, India

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

  • State Bank of India
  • ICICI Bank Limited
  • Axis Bank Limited
  • Canara Bank
  • Corporation Bank
  • Federal Bank Limited
  • HDFC Bank Limited
  • ICICI Bank Limited

 

 

Facilities :

Secured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Term Loan

 

 

KFC Term Loan

197.314

199.897

Loan and advances

 

 

Axis Bank Car Loan

7.000

0.000

Dhanlaxmi Bank Limited

0.000

0.256

ICICI Bank Limited

1.732

2.770

Total

8.732

3.026

 

Auditors :

 

Name :

P.A. Hameed and Associates

Chartered Accountants

Address :

6/1201, 1st Floor, Aysha Building, Opposite Gandhi Park, Cherooty Road, North End, Calicut – 673032, Kerala, India

Tel. No.:

91-495-2366777 / 2766847

Mobile No.:

91-9647799336

Income-tax PAN of auditor or auditor's firm :

AFJPP4943H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiary Company: As on 31.03.2016)

East Fort Developers Private Limited (U70102KL2006PTC019911)

 

 

Other Related Parties:

(Confirmed by Management)

  • Hi Lite Interiors LLP
  • Hi Lite Projects Private Limited

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 10/- each

INR 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

378318

Equity Shares

INR 10/- each

INR 3.783 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2016

31.03.2015

31.03.2014

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

3.783

3.783

3.783

(b) Reserves & Surplus

72.518

66.383

69.326

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.616

0.615

(3) Minority Interest

(0.001)

(0.001)

0.000

Total Shareholders’ Funds (1) + (2)

76.300

70.781

73.724

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

209.908

206.113

172.821

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

28.665

24.057

2629.608

(d) long-term provisions

0.533

0.533

1.071

Total Non-current Liabilities (3)

239.106

230.703

2803.500

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

382.815

368.251

399.076

(b) Trade payables

147.556

109.243

124.000

(c) Other current liabilities

1996.248

1675.468

0.000

(d) Short-term provisions

3.856

5.289

33.157

Total Current Liabilities (4)

2530.475

2158.251

556.233

 

 

 

 

TOTAL

2845.881

2459.735

3433.457

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

83.187

387.783

63.206

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

176.440

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

34.511

35.209

38.419

(c) Deferred tax assets (net)

1.258

0.960

0.758

(d)  Long-term Loan and Advances

12.968

13.670

0.000

(e) Other Non-current assets

24.749

2.431

5.953

Total Non-Current Assets

156.673

440.053

284.776

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2395.375

1638.649

2875.132

(c) Trade receivables

147.204

267.618

64.650

(d) Cash and cash equivalents

61.611

49.941

16.741

(e) Short-term loans and advances

1.802

3.301

9.539

(f) Other current assets

83.216

60.173

182.619

Total Current Assets

2689.208

2019.682

3148.681

 

 

 

 

TOTAL

2845.881

2459.735

3433.457

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

566.762

460.269

 

 

Other Income

19.355

92.632

 

 

TOTAL

586.117

552.901

746.398

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

378.197

353.645

 

 

Employees benefits expense

49.833

51.601

 

 

Other expenses

119.628

108.922

 

 

TOTAL

547.658

514.168

735.310

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

38.459

38.733

 

 

 

 

 

 

Less

FINANCIAL EXPENSES

23.257

25.140

 

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

15.202

13.593

 

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

7.536

8.615

 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

7.666

4.978

11.088

 

 

 

 

 

Less

TAX

1.532

3.989

4.162

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

6.134

0.989

6.926

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

18.84

6.8

18.31

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

94.80

212.22

NA

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.85

1.72

NA

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

142.41

112.75

NA

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.02

0.02

NA

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.46

0.10

NA

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.96

0.96

0.21

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

7.77

8.11

7.76

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

33.16

30.49

7.54

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

1.09

5.48

3.25

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.65

1.54

NA

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

1.08

0.21

NA

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.22

0.04

0.20

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

8.04

1.40

9.39

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.06

0.94

5.66

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.12

0.18

0.49

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.03

0.03

0.02

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

156.68

151.83

151.18

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.06

0.94

5.66

 

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

3.783

3.783

3.783

Reserves & Surplus

69.326

66.383

72.518

Share Application money pending allotment

0.615

0.616

0.000

Minority Interest

0.000

(0.001)

(0.001)

Net worth

73.724

70.781

76.300

 

 

 

 

long-term borrowings

172.821

206.113

209.908

Short term borrowings

399.076

368.251

382.815

Total borrowings

571.897

574.364

592.723

Debt/Equity ratio

7.757

8.115

7.768

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

 

INR In Million

INR In Million

Revenue from Operations

460.269

566.762

 

 

23.137

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

 

INR In Million

INR In Million

Revenue from Operations

460.269

566.762

Profit /(Loss)

0.989

6.134

 

0.21%

1.08%

 

 

 

 

 

 

LEGALS FILE

 

MUNSIFF COURT 2 KOZHIKODE

Case Details

Case Type: OS

Filing Number: 1014/2016Filing Date: 05-08-2016

Registration Number: 597/2016Registration Date: 18-08-2016

CNR Number: KLKK04-000832-2016



Case Status

 

First Hearing Date: 23rd September 2016
Next Hearing Date: 16th January 2017
Stage of Case: Written Statement
Court Number and Judge: 2-Additional Munsiff-II

Petitioner and Advocate

1)     M/s. Classic Pipes Syndicate

 Address - Mg Partner, K Sridharan Nambiar, Bullion Arcade, P V Sami Road, Chalappuram, Kasaba Amsom desom, Kozhikode

 Advocate- P N Sreenivaasan

 

Respondent and Advocate

1)     M/s. Hi-lite Builders Pvt Ltd.

Address - Mg Director Sulaiman, Hi-Lite city, Business Park, Thondayad Bypass, Chevayur Amsom desom, Kozhikode

Acts

Under Act(s)

Under Section(s)

Civil Procedure Code, 1908

26

 

History of Case Hearing

 

Registration Number

Judge

Business On Date

Hearing Date

Purpose of hearing

597/2016

Additional Munsiff-II

23-09-2016

05-11-2016

Judge on leave / duty

597/2016

Additional Munsiff-II

05-11-2016

18-11-2016

Judge on leave / duty

597/2016

Additional Munsiff-II

18-11-2016

21-12-2016

Written Statement

597/2016

Additional Munsiff-II

21-12-2016

16-01-2017

Written Statement

 

 

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

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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 two/ 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

No

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

NOTE: Registered office of the company has been shifted from “Door No.28/1861c, Hi-Lite House, Metromax Junction, Thondayad Bye-Pass Road,Post Nellicode, Calicut – 673016, Kerala, India” to the present address w.e.f. 17.05.2012.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

From shareholders and relatives parties

3.862

3.190

Short-term borrowings

 

 

Loans repayable on demand

11.050

4.550

Loans advances from related parties

 

 

Hi-Lite Realtors India LLP

352.586

350.377

Hi-Lite (Thrissur) Private Limited

13.284

13.324

Westfort Property Developers Private Limited

5.895

0.000

Total

386.677

371.441

                                                           

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G62283213

100139418

Kerala Financial Corporation

17/10/2017

-

-

200000000.0

Manuelsons Building,G H RoadKozhikode

2

G01572783

100020110

Kerala Financial Corporation

29/03/2016

-

-

60000000.0

Manuelsons Building,G H RoadKozhikodeKL673001IN

3

B94334307

10472443

DHANLAXMI BANK LIMITED

19/12/2013

-

-

320000.0

KOZHIKODE BRANCHKOZHIKODEKL673004IN

4

C51122471

10349934

Kerala Financial Corporation

29/03/2012

27/03/2015

-

270000000.0

Manuelsons Building,G H RoadKozhikodeKL673001IN

5

B63040851

10054513

HOUSING DEVELOPMENT FINANCE CORPORATION

14/04/2007

-

14/11/2012

33000000.0

HDFC HOUSE, POST BAG NO 1667,RAVIPURAM JUNCTION, M G ROADKOCHIKL682015IN

6

B34468249

10227440

THE DHANALAKSHMI BANK LIMITED

09/06/2010

-

09/03/2012

2500000.0

C M MATHEW BROTHER'S TOWER,RAM MOHAN ROADKOZHIKODEKL673004IN

7

B20423547

10200984

THE DHANALAKSHMI BANK LIMITED

19/01/2010

-

07/09/2011

5000000.0

C M MATHEW BROTHER'S TOWER, RAM MOHAN ROADCHINTHAVALAPPUKOZHIKODEKL673004IN

8

A77198349

10045539

The Dhanalakshmi Bank Limited

07/02/2007

-

22/01/2010

7500000.0

Kozhikode Main BranchKozhikodeKL673004IN

9

A77196905

10008081

The Dhanalakshmi Bank Limited

25/05/2006

-

22/01/2010

5000000.0

Kozhikode Main BranchKozhikodeKL673004IN

10

A15563737

90023210

THE DHANALAKSHMI BANK LTD.

10/09/2005

-

07/02/2007

12500000.0

KOZHIKODAKOZHIKODAKL673004IN

 

 

 

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 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 66.77

UK Pound

1

INR 90.58

Euro

1

INR 79.97

 

 

INFORMATION DETAILS

 

Information Gathered by :

TJL

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.