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|
MIRA INFORM REPORT
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Report No. : |
508080 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MILROC GOOD EARTH PROPERTY AND DEVELOPERS LLP |
|
|
|
|
Registered
Office : |
501, 5th Floor, Milroc Lar Menezes, Swami Vivekanand Road, Panaji-403001, Goa |
|
Tel. No.: |
91-832-2230536/ 6647080 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
07.02.2011 |
|
|
|
|
LLPIN No: |
AAA-3707 |
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|
|
|
Total
Obligation of Contribution: |
INR 338.983 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TIN No: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Limited Liability Partnership |
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|
|
Line of Business
: |
Real Estate
Activities. [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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 970000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Milroc Good Earth Property and Developers LLP (MGEPDL) is a Goa-based limited liability partnership firm established in 2011 by Mr. Durgaprasad Allaparthi and Mr. Kulasekhar Kantipudi. The firm is engaged in the development of residential and commercial projects in and around Goa and have recently constructed 'Kadamba', a residential project. For the financial year ended 2017, the firm has witnessed a growth in its revenue and has achieved good profit margin at 10.27% (approx.) However, as per indirect source we could find that the firm has been facing a liquidity crunch which has impaired its ability to meet its debt servicing commitments in a timely manner. Rating also takes into consideration the risks associated with real estate industry which are - cyclical nature of business (drop in property prices), interest rate risk etc. that can affect operations. Payment terms are slow and delayed. In view of the aforesaid, the firm can be considered for business dealings with some caution. |
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 |
SMERA |
|
Rating |
Long Term Rating (C) |
|
Rating Explanation |
Poor – credit-quality and limited prospects of recovery. |
|
Date |
16.11.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 08.05.2018
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 BY
|
Name : |
Mr. Kishor |
|
Designation : |
Accountant |
|
Contact No.: |
91-832-2230536 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office : |
501, 5th Floor, Milroc Lar Menezes, Swami Vivekanand Road, Panaji-403001, Goa, India |
|
Tel. No.: |
91-832-2230536/ 6647080 |
|
Fax No.: |
91-832-2224708 |
|
E-Mail : |
PARTNERS
As on: 31.03.2015
|
Name : |
Mr. Durgaprasad Allaparthi |
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|
Designation : |
Designated Partner |
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|
Address : |
H.No. 21/453/A1, Vaishnavi Nilayam, Nagali Hills, Tiswadi, Taleigao,
Goa – 403002, India |
|||||||||||||||||||||||||
|
Date of Birth/Age : |
04.05.1962 |
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Date of Appointment : |
07.02.2011 |
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PAN No.: |
AANPP9898G |
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DPIN No.: |
01280179 |
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Other Directorship:
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Name : |
Mr. Kulasekhar Kantipudi |
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|
Designation : |
Designated Partner |
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|
Address : |
E II, Kasturi, La Citadel Colony, Donapaula, Goa – 403004, India |
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Date of Birth/Age : |
17.01.1968 |
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Date of Appointment : |
07.02.2011 |
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PAN No.: |
AAUPK0922H |
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DPIN No.: |
01280230 |
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Other Directorship:
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|||||||||||||||||||||||||
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Name : |
Muriel Nancy Cynthia Sequeira Kantipudi |
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|
Designation : |
Partner |
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|
Address : |
E-11, 'Kasturi', La Citadel Colony, Dona Paula, Goa – 403004, India |
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|
Date of Appointment : |
01.04.2014 |
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KEY EXECUTIVES
|
Name : |
Mr. Kishor |
|
Designation : |
Accountant |
CONTRIBUTION DETAILS
As on: 31.03.2018
|
Names of Person |
Obligation
of Contribution (INR In Million) |
|
Muriel Nancy Cynthia Sequeira Kantipudi |
4.000 |
|
Kulasekhar Kantipudi |
6.000 |
|
Durgaprasad Allaparthi |
10.000 |
|
Total |
20.000 |
BUSINESS DETAILS
|
Line of Business
: |
Real
Estate Activities. [Registered Activity] |
|
|
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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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|
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Imports : |
Not Divulged |
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Kulkarni and Bhat Chartered Accountants |
|
Address : |
DFF 3, First Floor, Leandra Heritage, Madel, Margao – 403601, Goa,
India |
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Tel. No.: |
91-832-2701286 |
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E-Mail : |
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|
|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 31.03.2017
PARTNER CAPITAL
|
Names of Person |
INR in Million |
|
Muriel Nancy Cynthia Sequeira Kantipudi |
4.000 |
|
Kulasekhar Kantipudi |
6.000 |
|
Durgaprasad Allaparthi |
10.000 |
|
Total |
20.000 |
PARTNER CURRENT ACCOUNT
INR in Million
|
PARTICULAR |
Durgaprasad Allaparthi |
Kulasekhar Kantipudi |
Muriel Nancy
Cynthia Sequeira Kantipudi |
|
Opening Balance |
69.993 |
86.591 |
9.112 |
|
Add: Introduced during the year |
1.834 |
5.252 |
0.157 |
|
Add: Remuneration |
59.161 |
59.161 |
0.000 |
|
Add: Interest on Capital |
7.011 |
7.758 |
1.299 |
|
Add: Share in Profit |
26.320 |
15.792 |
10.528 |
|
Less: Withdrawal |
(15.302) |
(25.375) |
(0.309) |
|
Total |
149.017 |
149.179 |
20.787 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
CONTRIBUTION AND LIABILITIES |
|
|
|
|
|
1] Partner’s Capital
Accounts |
20.000 |
20.000 |
20.000 |
|
|
2] Partner’s Current
Accounts |
318.983 |
165.698 |
148.193 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
338.983 |
185.698 |
168.193 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
207.727 |
260.019 |
164.361 |
|
|
2] Unsecured Loans |
37.008 |
14.316 |
14.259 |
|
|
TOTAL BORROWING |
244.735 |
274.335 |
178.620 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
583.718 |
460.033 |
346.813 |
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
256.456 |
266.325 |
17.872 |
|
|
Capital work-in-progress |
0.000 |
0.126 |
157.499 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
585.082 |
622.972 |
150.924 |
|
|
Sundry Debtors |
2.536 |
4.917 |
643.798 |
|
|
Cash & Bank Balances |
11.128 |
9.311 |
0.073 |
|
|
Other Current Assets |
1.217 |
1.452 |
0.425 |
|
|
Loans & Advances |
173.399 |
168.543 |
14.191 |
|
Total
Current Assets |
773.362
|
807.195
|
809.411
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
27.838 |
36.604 |
44.225 |
|
|
Other Current Liabilities |
309.146 |
486.490 |
514.252 |
|
|
Provisions |
109.141 |
90.544 |
79.492 |
|
Total
Current Liabilities |
446.125
|
613.638
|
637.969
|
|
|
Net Current Assets |
327.237
|
193.557
|
171.442
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
583.718 |
460.033 |
346.813 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
512.628 |
311.982 |
486.209 |
|
|
Other Income |
5.769 |
7.465 |
0.532 |
|
|
TOTAL |
518.397 |
319.447 |
486.741 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
171.878 |
164.261 |
345.280 |
|
|
Consumption of Food
Beverages and Liquor |
6.489 |
1.608 |
0.000 |
|
|
Resort Operating Expenses |
33.066 |
17.172 |
0.000 |
|
|
Administration and
General Expenses |
19.362 |
18.691 |
10.812 |
|
|
Interest on Partners
Capital |
16.068 |
13.493 |
0.000 |
|
|
Remuneration to Designed
Partners |
118.320 |
32.560 |
66.204 |
|
|
TOTAL |
365.183 |
247.785 |
422.296 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
153.214 |
71.662 |
64.445 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
36.730 |
27.861 |
19.674 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
116.484 |
43.801 |
44.771 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION
|
33.266 |
17.206 |
0.987 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
83.218 |
26.595 |
43.784 |
|
|
|
|
|
|
|
Less |
TAX |
30.578 |
9.329 |
15.511 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
52.640 |
17.266 |
28.273 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
1.81 |
5.75 |
483.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
202.14 |
63.45 |
0.76 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
59.12 |
81.34 |
46.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.26 |
0.12 |
0.43 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.60 |
0.27 |
0.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.67 |
0.83 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.72 |
1.48 |
1.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.43 |
3.38 |
3.88 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.76 |
1.43 |
1.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.17 |
2.57 |
3.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
10.27 |
5.53 |
5.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
5.11 |
1.61 |
2.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
15.53 |
9.30 |
16.81 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.60 |
1.29 |
1.24 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.39 |
0.29 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.33 |
0.17 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
12.24 |
13.72 |
8.93 |
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 |
|
Partner’s Capital Accounts
|
20.000 |
20.000 |
20.000 |
|
Partner’s Current
Accounts |
148.193 |
165.698 |
318.983 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
168.193 |
185.698 |
338.983 |
|
|
|
|
|
|
Secured Loans |
164.361 |
260.019 |
207.727 |
|
Unsecured Loans |
14.259 |
14.316 |
37.008 |
|
Total
borrowings |
178.620 |
274.335 |
244.735 |
|
Debt/Equity
ratio |
1.062 |
1.477 |
0.722 |
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 |
486.209 |
311.982 |
512.628 |
|
|
|
(35.834) |
64.313 |
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 |
486.209 |
311.982 |
512.628 |
|
Profit /(Loss) |
28.273 |
17.266 |
52.640 |
|
|
5.81% |
5.53% |
10.27% |
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Loan from related
parties |
|
|
|
From partner |
1.620 |
1.600 |
|
From other parties |
35.388 |
0.868 |
|
Loan from Others related parties |
0.000 |
11.848 |
|
Total |
37.008 |
14.316 |
INDEX OF CAHREGS:
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
M00914077 |
100016539 |
The Saraswat Co-operation Bank Limited (SME)Goa |
27/01/2016 |
- |
- |
60000000.0 |
Tristar Building,2nd Floor, EDC Complex,Patto Plaza Panaji North Goa GA 403001 IN |
|
2 |
M00718486 |
10569769 |
Andhra Bank |
24/03/2012 |
12/11/2015 |
- |
202500000.0 |
Panaji Branch DR, R, ATMARAM BORKER ROAD, Panaji North Goa GA 403001 IN |
FIXED ASSETS:
- Building
- Plant and Machinery
- Vehicles
- Furniture and Fixture
- Computers
- Office Building
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 67.11 |
|
|
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
NO |
|
--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.