|
|
|
MIRA INFORM REPORT
|
Report No. : |
508078 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUSHMA BUILDTECH LIMITED [w.e.f. 01.05.2007] |
|
|
|
|
Formerly Known
As : |
SUSHMA BUILDTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-107, Business Complex at Elante Mall, First Floor, Industrial Area, Phase-1, Chandigarh-160001 |
|
Tel. No.: |
91-172-4610092 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
27.07.2005 |
|
|
|
|
Com. Reg. No.: |
53-028728 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 193.351 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70100CH2005PLC028728 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8156M |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
04AAJCS8156M1ZT |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of Promotion, Construction and Development of Integrated Townships, Residential and Commercial Complexes, Multistoried Buildings, Flats, Houses, Apartments, etc. [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 1620990 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005. It is engaged in Real Estate Development business. Management has failed to file its financials with Registrar of Companies for the FY 2017. Mr. Arjun Malik (H R Department) has denied to provide any information about the subject. As per the available financial of 2016, there has been minimal increase in its revenue by 0.44% along with average profit margin of 3.66%. The satisfactory financial profile of the company marked by adequate networth base along with negligible debt level. The rating takes into consideration equity infused by its promoters. However, rating strengths are partially offset by unfavourable gap between trade payables and trade receivables and highly competitive Real estate industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities [Issuer Not cooperating] = BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
30.03.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DELCINED BY
|
Name : |
Mr. Arjun Malik |
|
Designation : |
HR Department |
|
Contact No.: |
91-172-4610092 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
B-107, Business Complex at Elante Mall, First Floor, Industrial Area, Phase-1, Chandigarh-160001, India |
|
Tel. No.: |
91-172-4610092/ 2744992 |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON: 2018
|
Name : |
Binder Pal Mittal |
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|
Designation : |
Managing Director |
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|
Address : |
House No. 36, Sector-8A, Chandigarh-160009, India |
|||||||||||||||||||||||||||||||
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Date of Birth/Age : |
07.05.1964 |
|||||||||||||||||||||||||||||||
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
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Date of Appointment : |
27.07.2005 |
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PAN No.: |
AGNPM1734C |
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DIN No.: |
00366422 |
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|
|||||||||||||||||||||||||||||||
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Name : |
Mr. Bharat Mittal |
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Designation : |
Wholetime Director |
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|
Address : |
House No. 36, Sector-8A, Chandigarh 160009, India |
|||||||||||||||||||||||||||||||
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Date of Birth/Age : |
22.09.1985 |
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Qualification : |
MBA |
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Date of Appointment : |
17.04.2007 |
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PAN No.: |
AJOPM0187F |
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DIN No.: |
01996808 |
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|
|||||||||||||||||||||||||||||||
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Name : |
Mr. Pardeep Kumar |
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Designation : |
Director |
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Address : |
House No. 160, Phase-1, Ram Darbar Colony, Chandigarh-160002, India |
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Date of Birth/Age : |
08.06.1972 |
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Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
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Date of Appointment : |
12.02.2011 |
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DIN No.: |
02616246 |
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KEY EXECUTIVES
|
Name : |
Mr. Ankur Singla |
|
Designation : |
Chief Finance Officer |
|
Address : |
House No: 3125, Sector- 20 D, Chandigarh-160020, India |
|
Date of Birth/Age : |
05.10.1982 |
|
Date of Appointment : |
16.03.2015 |
|
PAN No.: |
AQJPS9639L |
|
|
|
|
Name : |
Mr. Iqbal Singh |
|
Designation : |
Company Secretary |
|
Address : |
Satluj Sec School, Kishan Garhroad SBD (M), District Kurukshetra - 136135 Haryana, India |
|
Date of Birth/Age : |
26.06.1989 |
|
Date of Appointment : |
03.11.2014 |
|
PAN No.: |
CFKPS1911P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Binder Pal Mittal |
|
15354786 |
|
Shushma Mittal |
|
170000 |
|
Bharat Mittal |
|
2630260 |
|
Jagan Nath |
|
98940 |
|
Prateek Mittal |
|
297770 |
|
Raksha Devi |
|
05 |
|
Ridhi Mittal |
|
611105 |
|
Jagan Nath HUF |
|
72220 |
|
|
|
|
|
Total |
|
19235086 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
94.39 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
5.61 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Promotion, Construction and Development of Integrated Townships, Residential and Commercial Complexes, Multistoried Buildings, Flats, Houses, Apartments, etc. [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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Selling : |
Not Divulged |
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Purchasing : |
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 : |
· HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel (West),
Mumbai-400013, Maharashtra, India |
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|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Sangeet Kumar and Associates Chartered Accountants |
|
Address : |
S.C.O-59, Top Floor, Sector-32 C & D,
Chandigarh-160032, India |
|
PAN No.: |
ACJPS6740A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
Company: [As On: 31.03.2016] |
· SBL Builders Private Limited [U70109CH2015PTC035348] · Sushma Dream Homes Private Limited [U70102CH2015PTC035756] · Jayantah Buildtech Private Limited [U70200CH2016PTC035967] |
|
|
|
|
Others
Related Parties : [As On: 31.03.2016] |
· Amazing Real Estates Private Limited · Mainstreet Developers Private Limited · Brawn Buildtech Limited · Sushma Leisure Homes Private Limited |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19235086 |
Equity Shares |
INR 10/- each |
INR 192.351 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
192.351 |
151.651 |
151.651 |
|
(b) Reserves and Surplus |
374.997 |
255.873 |
210.749 |
|
(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) |
567.348 |
407.524 |
362.400 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1807.912 |
1275.194 |
783.888 |
|
(b) Deferred tax liabilities (Net) |
0.773 |
2.065 |
2.332 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1808.685 |
1277.259 |
786.220 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
185.329 |
144.352 |
301.438 |
|
(c) Other
current liabilities |
767.680 |
1254.194 |
1421.553 |
|
(d) Short-term
provisions |
27.600 |
24.671 |
22.500 |
|
Total Current
Liabilities (4) |
980.609 |
1423.217 |
1745.491 |
|
|
|
|
|
|
TOTAL |
3356.642 |
3108.000 |
2894.111 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
43.499 |
47.940 |
56.505 |
|
(ii) Intangible
Assets |
0.278 |
0.090 |
0.120 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.300 |
0.400 |
0.000 |
|
Total Non-Current
Assets |
44.077 |
48.430 |
56.625 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1899.495 |
1891.608 |
2116.746 |
|
(c) Trade
receivables |
3.909 |
303.273 |
242.973 |
|
(d) Cash and
bank balances |
140.028 |
227.699 |
92.160 |
|
(e) Short-term
loans and advances |
1257.961 |
507.945 |
262.088 |
|
(f) Other
current assets |
11.172 |
129.045 |
123.519 |
|
Total
Current Assets |
3312.565 |
3059.570 |
2837.486 |
|
|
|
|
|
|
TOTAL |
3356.642 |
3108.000 |
2894.111 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1380.125 |
1374.040 |
1279.875 |
|
|
Other Income |
80.849 |
32.612 |
33.137 |
|
|
TOTAL |
1460.974 |
1406.652 |
1313.012 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
864.386 |
1005.518 |
834.616 |
|
|
Employee benefit expense |
78.560 |
57.190 |
42.712 |
|
|
Other expenses |
167.832 |
96.502 |
246.804 |
|
|
CSR expenditure |
0.025 |
0.134 |
0.000 |
|
|
TOTAL |
1110.803 |
1159.344 |
1124.132 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
350.171 |
247.308 |
188.880 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
263.639 |
166.305 |
114.137 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
86.532 |
81.003 |
74.743 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.778 |
9.950 |
4.194 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
76.754 |
71.053 |
70.549 |
|
|
|
|
|
|
|
Less |
TAX |
26.291 |
25.178 |
23.075 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
50.463 |
45.875 |
47.474 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
2.62 |
3.03 |
3.13 |
|
|
Diluted |
3.28 |
3.03 |
3.13 |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(548.469) |
(226.256) |
(144.257) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(548.469) |
(226.256) |
(144.257) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
1.03 |
80.56 |
69.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
353.06 |
4.53 |
5.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
78.26 |
52.40 |
131.83 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.13 |
0.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
8.00 |
5.15 |
3.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.87 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.19 |
3.13 |
2.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.73 |
3.49 |
4.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.12 |
0.16 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.33 |
1.49 |
1.65 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.66 |
3.34 |
3.71 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.50 |
1.48 |
1.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
8.89 |
11.26 |
13.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.38 |
2.15 |
1.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.44 |
0.82 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.13 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
9.40 |
8.41 |
5.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.38 |
2.15 |
1.63 |
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 |
151.651 |
151.651 |
192.351 |
|
Reserves & Surplus |
210.749 |
255.873 |
374.997 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
362.400 |
407.524 |
567.348 |
|
|
|
|
|
|
long-term borrowings |
783.888 |
1275.194 |
1807.912 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
783.888 |
1275.194 |
1807.912 |
|
Debt/Equity
ratio |
2.163 |
3.129 |
3.187 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1279.875 |
1374.040 |
1380.125 |
|
|
|
7.357 |
0.443 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1279.875 |
1374.040 |
1380.125 |
|
Profit/ (Loss) |
47.474 |
45.875 |
50.463 |
|
|
3.71% |
3.34% |
3.66% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
192.351 |
151.651 |
|
(b) Reserves and Surplus |
|
374.997 |
255.873 |
|
(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) |
|
567.348 |
407.524 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1807.912 |
1275.194 |
|
(b) Deferred tax liabilities (Net) |
|
0.773 |
2.066 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1808.685 |
1277.260 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
192.035 |
144.678 |
|
(c) Other
current liabilities |
|
791.572 |
1254.574 |
|
(d) Short-term
provisions |
|
27.600 |
24.671 |
|
Total Current
Liabilities (4) |
|
1011.207 |
1423.923 |
|
|
|
|
|
|
TOTAL |
|
3387.240 |
3108.707 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
43.499 |
47.940 |
|
(ii)
Intangible Assets |
|
0.279 |
0.091 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
43.778 |
48.031 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1963.713 |
1891.608 |
|
(c) Trade
receivables |
|
3.908 |
303.273 |
|
(d) Cash and
bank balances |
|
142.057 |
228.655 |
|
(e)
Short-term loans and advances |
|
1220.347 |
505.127 |
|
(f) Other
current assets |
|
13.437 |
132.013 |
|
Total
Current Assets |
|
3343.462 |
3060.676 |
|
|
|
|
|
|
TOTAL |
|
3387.240 |
3108.707 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1380.125 |
1374.040 |
|
|
Other Income |
|
80.849 |
32.612 |
|
|
TOTAL |
|
1460.974 |
1406.652 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
864.386 |
1005.518 |
|
|
Employee benefit expense |
|
78.560 |
57.190 |
|
|
CSR expenditure |
|
0.025 |
0.134 |
|
|
Other expenses |
|
167.832 |
96.502 |
|
|
TOTAL |
|
1110.803 |
1159.344 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
350.171 |
247.308 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
263.639 |
166.305 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
86.532 |
81.003 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
9.778 |
9.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
76.754 |
71.053 |
|
|
|
|
|
|
|
Less |
TAX |
|
26.291 |
25.178 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
50.463 |
45.875 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
|
2.62 |
3.03 |
|
|
Diluted |
|
3.28 |
3.03 |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G72687080 |
100144445 |
ECL FINANCE LIMITED |
25/11/2017 |
- |
- |
350000000.0 |
EDELWEISS HOUSE, OFF. C.S.T ROAD, KALINA,MUMBAIPB140603IN |
|
2 |
G59431569 |
100130324 |
PNB HOUSING FINANCE LIMITED |
30/10/2017 |
- |
- |
700000000.0 |
9TH FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHIPB140603IN |
|
3 |
G59090092 |
100130013 |
DMI FINANCE PRIVATE LIMITED |
05/10/2017 |
- |
- |
600000000.0 |
EXPRESS BUILDING, 3RD FLOOR9-10, BAHADUR SHAH ZAFAR MARGNEW DELHIDE110002IN |
|
4 |
G47529425 |
100107247 |
RELIANCE HOME FINANCE LIMITED |
31/05/2017 |
- |
- |
450000000.0 |
RELIANCE CENTRE, 6TH FLOOR, SOUTH WING,OFF. WESTERN EXPRESS HIGHWAY, SANTACRUZ (EAST)MUMBAIPB140603IN |
|
5 |
G42641233 |
100094719 |
HDFC BANK LIMITED |
27/02/2017 |
- |
- |
3500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
6 |
G43475490 |
100094714 |
TATA CAPITAL HOUSING FINANCE LIMITED |
16/02/2017 |
17/03/2017 |
- |
280000000.0 |
ONE FORBESDR V B GANDHI MARG, FORTMUMBAIPB140507IN |
|
7 |
G36575884 |
100080497 |
TOYOTA FINANCIAL SERVICES INDIA LIMITED |
21/12/2016 |
- |
- |
1617000.0 |
NO. 21 CENTROPOLIS, FIRST FLOOR,5TH CROSS LANGFORD ROAD, SHANTI NAGARBANGALOREKA560025IN |
|
8 |
G29075330 |
100065180 |
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED |
18/11/2016 |
- |
- |
425000000.0 |
RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMA400020IN |
|
9 |
G41482183 |
100093063 |
AXIS BANK LIMITED |
15/07/2016 |
- |
- |
11466000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
|
10 |
G42165910 |
100094627 |
AXIS BANK LIMITED |
15/07/2016 |
- |
- |
6659000.0 |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGJ380006IN |
FIXED ASSETS:
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
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 67.11 |
|
UK Pound |
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
TEJ |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.