|
|
|
MIRA INFORM REPORT
|
Report No. : |
506619 |
|
Report Date : |
07.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
JANTA LAND PROMOTERS PRIVATE LIMITED [w.e.f. 12.06.2014] |
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|
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Formerly Known
As : |
JANTA LAND PROMOTERS LIMITED |
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Registered
Office : |
SCO No. 39-42, Sector 82, Mohali-160062, Punjab |
|
Tel. No.: |
91-172-2294000 |
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|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
28.07.2003 |
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|
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Com. Reg. No.: |
16-026229 |
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Capital
Investment / Paid-up Capital : |
INR 460.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200PB2003PTC026229 |
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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.] |
AABCJ3450D |
|
|
|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Real Estate Development and Promotion Business. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 5499000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2003 and it act as a builder, contractor, developer and colonizer. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year but has maintained a fair profit margin during the year. Rating take into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its well-experienced management team. However, these rating strengths gets partially offset by its sharp deterioration in its revenue due to slowdown in the infrastructure and real estate sector which may affect the growth of the company. Payment seems to be usually correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 DECLINED BY
|
Name : |
Mr. Vijay Anand |
|
Designation : |
Not divulged |
|
Contact No.: |
91-8284922442 |
|
Date : |
04.05.2018 |
MANAGEMENT NON-COOPERATIVE [Tel No.: 91-172-2294000]
LOCATIONS
|
Registered/ Corporate Office : |
SCO No. 39-42, Sector 82, Mohali-160062, Punjab,
India |
|
Tel. No.: |
91-172-2294000 [100 Lines] |
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Mobile No.: |
91-8284922442 [Mr. Vijay Anand] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Sales and Marketing
Office : |
Sector 66 A (Opposite JLPL Corporate Office), Mohali, Punjab, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Paramjit Singh |
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Designation : |
Whole-time Director |
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Address : |
H.No.608, Phase 3, Mohali-160059, Punjab, India |
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Date of Birth/Age : |
20.07.1970 |
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Qualification : |
M A |
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Date of Appointment : |
28.07.2003 |
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PAN No.: |
AEKPS5692A |
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DIN No.: |
00167116 |
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Name : |
Ms. Manjit Kaur |
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Designation : |
Whole-time Director |
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Address : |
H.No.201, Sector 16A, Chandigarh-160015, Punjab, India |
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Date of Birth/Age : |
17.09.1954 |
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Qualification : |
M A |
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Date of Appointment : |
01.01.2008 |
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PAN No.: |
AETPK0153M |
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DIN No.: |
00178849 |
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Name : |
Mr. Kulwant Singh |
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Designation : |
Managing Director |
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Address : |
House No. 1047 Sector 71, Mohali Sas Nagar-160071, Punjab, India |
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Date of Birth/Age : |
01.11.1961 |
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Qualification : |
Intermediate |
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Date of Appointment : |
01.08.2008 |
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PAN No.: |
ABZPS4962R |
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DIN No.: |
00190918 |
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KEY EXECUTIVES
|
Name : |
Taruna Gupta |
|
Designation : |
Company Secretary |
|
Address : |
# 177 Sector 22-A Chandigarh-160022, India |
|
Date of Appointment : |
06.06.2017 |
|
PAN No.: |
BDBPG7606P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
S Kulwant Singh |
|
2480700 |
|
S S Bhamra |
|
146300 |
|
Manjit Kaur |
|
721700 |
|
Jaswant Kaur |
|
34700 |
|
Devinder Kaur |
|
449200 |
|
S Paramjit Singh |
|
455700 |
|
Shilpa |
|
1700 |
|
JLPL Infrastructures Private Limited, India |
|
233000 |
|
Harcharan Kaur |
|
2000 |
|
S Jagjit Singh |
|
4000 |
|
S Manpreet Singh |
|
44000 |
|
S Sarabjeet Singh |
|
27000 |
|
|
|
|
|
Total |
|
4600000 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
94.93 |
|
Promoters – Body Corporate |
5.07 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Real Estate Development and Promotion Business. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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||||
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Bank of Maharashtra SCO 88-89, Sector 17-C, Chandigarh-160017, India |
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Facilities : |
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Auditors : |
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|
Name : |
A Kumar Verma and Company Chartered Accountants |
|
Address : |
650, Sector 7, Panchkula, Haryana, India |
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PAN No.: |
AAKFA9555A |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Associate Companies
: |
· Janta Builders Private Limited [U70101PB2000PTC023254] · JLPL Infrastructures Private Limited · Phulkian Finance Private Limited [U65921PB1995PTC016483] · Sanchit Enterprisees Private Limited [U67120PB2005PTC029340] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 100/- each |
INR 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4600000 |
Equity Shares |
INR 100/- each |
INR 460.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
460.000 |
460.000 |
460.000 |
|
(b) Reserves and Surplus |
1464.732 |
1468.095 |
1333.897 |
|
(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) |
1924.732 |
1928.095 |
1793.897 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1413.411 |
661.052 |
902.924 |
|
(b) Deferred tax liabilities (Net) |
1.017 |
0.000 |
0.010 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
783.691 |
1168.846 |
180.962 |
|
Total Non-current
Liabilities (3) |
2198.119 |
1829.898 |
1083.896 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
518.837 |
636.111 |
0.000 |
|
(b) Trade
payables |
296.014 |
395.008 |
223.522 |
|
(c) Other
current liabilities |
7287.878 |
6420.588 |
5886.828 |
|
(d) Short-term
provisions |
390.468 |
405.376 |
301.087 |
|
Total Current
Liabilities (4) |
8493.197 |
7857.083 |
6411.437 |
|
|
|
|
|
|
TOTAL |
12616.048 |
11615.076 |
9289.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
217.242 |
228.414 |
256.679 |
|
(ii)
Intangible Assets |
0.065 |
0.082 |
0.123 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.954 |
5.954 |
5.954 |
|
(c) Deferred tax assets (net) |
0.000 |
1.070 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
4079.094 |
4142.486 |
1002.865 |
|
Total Non-Current
Assets |
4302.355 |
4378.006 |
1265.621 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
29.403 |
26.284 |
23.152 |
|
(b)
Inventories |
6184.838 |
5084.312 |
6185.331 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
28.106 |
6.895 |
-96.850 |
|
(e)
Short-term loans and advances |
2022.333 |
2089.562 |
1883.792 |
|
(f) Other
current assets |
49.013 |
30.017 |
28.184 |
|
Total
Current Assets |
8313.693 |
7237.070 |
8023.609 |
|
|
|
|
|
|
TOTAL |
12616.048 |
11615.076 |
9289.230 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1299.342 |
1971.863 |
1243.514 |
|
|
Other Income |
33.835 |
33.622 |
33.677 |
|
|
TOTAL |
1333.177 |
2005.485 |
1277.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
396.658 |
244.388 |
516.940 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
159.398 |
1074.768 |
24.685 |
|
|
Employee benefit expense |
201.624 |
159.854 |
142.784 |
|
|
Other expenses |
117.017 |
117.674 |
110.849 |
|
|
CSR expenditure |
6.223 |
0.000 |
0.000 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.282 |
|
|
TOTAL |
880.920 |
1596.684 |
795.540 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
452.257 |
408.801 |
481.651 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
155.204 |
136.259 |
193.305 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
297.053 |
272.542 |
288.346 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.863 |
33.347 |
28.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
275.190 |
239.195 |
260.330 |
|
|
|
|
|
|
|
Less |
TAX |
118.599 |
93.681 |
95.893 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
156.591 |
145.514 |
164.437 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
34.04 |
31.63 |
35.75 |
DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
504.035 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1321.370 |
2340.803 |
153.893 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1321.370 |
2340.803 |
153.893 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
272.39 |
589.95 |
157.82 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.08 |
0.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.08 |
1.79 |
1.88 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.79 |
0.73 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.00 |
0.67 |
0.78 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.41 |
4.08 |
3.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.11 |
0.12 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.91 |
3.00 |
2.49 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.05 |
7.38 |
13.22 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.24 |
1.25 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.14 |
7.55 |
9.17 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.98 |
0.92 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.25 |
0.27 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.17 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.20 |
2.82 |
3.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.98 |
0.92 |
1.25 |
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 |
460.000 |
460.000 |
460.000 |
|
Reserves & Surplus |
1333.897 |
1468.095 |
1464.732 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1793.897 |
1928.095 |
1924.732 |
|
|
|
|
|
|
long-term borrowings |
902.924 |
661.052 |
1413.411 |
|
Short term borrowings |
0.000 |
636.111 |
518.837 |
|
Current Maturities of Long
term debt |
504.035 |
0.000 |
0.000 |
|
Total
borrowings |
1406.959 |
1297.163 |
1932.248 |
|
Debt/Equity
ratio |
0.784 |
0.673 |
1.004 |
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 |
1243.514 |
1971.863 |
1299.342 |
|
|
|
58.572 |
(34.106) |
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 |
1243.514 |
1971.863 |
1299.342 |
|
Profit/ (Loss) |
164.437 |
145.514 |
156.591 |
|
|
13.22% |
7.38% |
12.05% |
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 |
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) |
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 |
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 |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G43253699 |
100095811 |
BANK OF MAHARASHTRA |
29/04/2017 |
- |
- |
20300000.0 |
SCO 88-89, SECTOR 17-CCHANDIGARHCH160017IN |
|
2 |
G07429954 |
100038285 |
BANK OF MAHARASHTRA |
01/07/2016 |
- |
- |
450000000.0 |
SCO 88-89SECTOR 17-CCHANDIGARHCH160017IN |
|
3 |
G34634931 |
100074851 |
PUNJAB NATIONAL BANK |
08/04/2016 |
- |
- |
624165000.0 |
SECTOR-28-CCHANDIGARHCH160022IN |
|
4 |
C67793976 |
10598140 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
31/08/2015 |
- |
- |
28300000.0 |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMH400051IN |
|
5 |
C49410236 |
10559907 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
20/03/2015 |
- |
- |
75400000.0 |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMH400051IN |
|
6 |
C58256017 |
10578611 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
20/03/2015 |
- |
- |
5000000.0 |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMH400051IN |
|
7 |
C52083409 |
10567866 |
PUNJAB NATIONAL BANK |
04/03/2015 |
- |
- |
1437000.0 |
SCO 16PHASE IMOHALIPB160055IN |
|
8 |
C05385612 |
10497214 |
INDIABULLS HOUSING FINANCE LIMITED |
20/05/2014 |
- |
- |
130450000.0 |
M - 62 & 63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDL110001IN |
|
9 |
B98936651 |
10483668 |
PUNJAB NATIONAL BANK |
21/02/2014 |
- |
- |
200000000.0 |
LARGE CORPORATE BRANCHSECTOR 17CHANDIGARHCH160017IN |
|
10 |
C04067286 |
10491359 |
PUNJAB NATIONAL BANK |
20/02/2014 |
- |
- |
1037000.0 |
SCO 1-2-3, SECTOR 22-DCHANDIGARHCH160022IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances |
1393.008 |
637.971 |
|
|
|
|
|
Total |
1393.008 |
637.971 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from H No 538,
Phase X, Mohali, District Ropar-160062, Punjab, India to the present address
w.e.f 07.12.2013.
BACKGROUND
Subject was incorporated on 28.07.2003.
BRIEF DESCRIPTION OF
THE COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR
Profits of the Company as on 31.03.2017 stood at INR 156.591 million as compared to profits of previous year as on 31.03.2016 which stood at INR 145.514 million. There is a substantial increase of the surplus this financial year.
The Directors have taken adequate measures to ensure that the overall activities of the Company improve during the year under report and are committed to take the Company to new heights. The Directors also ensured that the revenue operations of the Company spread widely and competes with those of other such companies.
The Company felt the pulse of the market demand quickly and floated two schemes in middle and lower price segments. The Company had launched two schemes of middle and lower middle income group named a Sky Garden 2+1 BHK and two BHK Galaxy Heights Towers. The response for both these and other projects already launched is very good and are well in Progress.
REVENUE RECOGNITION:
The Company is engaged in the business of developing housing and industrial colonies and selling the dwelling units on installment basis. The ownership of plot/flat will pass on to the buyer when the final payment shall be made.
Interest received subsequently is being credited to sales account as is reflected in the profit and loss account on receipt basis. The instalments received cannot be recognized as revenue of the Company and the hence the amount of installments received has been classified as advance against booking of plots/flats. The expenses pertaining to cost of construction of flats has been taken as work-in-progress as mentioned above.
Dividend income is recognized when the right to receive payment is established.
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Computer equipments
· Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.77 |
|
UK Pound |
1 |
INR 90.58 |
|
Euro |
1 |
INR 79.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
NSG |
|
|
|
|
Report Prepared
by : |
RUP |
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.