|
|
|
MIRA INFORM REPORT
|
Report No. : |
508075 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
WAVE INFRATECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Mezzanine
Floor, M-4, New Delhi South Extension Part-II,
New Delhi - 110049 |
|
Tel. No.: |
91-120-4180500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
28.02.2008 |
|
|
|
|
Com. Reg. No.: |
55-174673 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
INR 1000.043 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200DL2008PTC174673 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AAACW7708G1Z9 |
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|
|
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TIN No: |
07710309172 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW7708G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of
Mall Operation and Cinema Operation and Real Estate and thus deriving income
from Rental and Maintenance Shops, Sale of Goods, Sale of Movie Tickets,
Revenue from Advertisement and Real Estate business. (Registered Activity) |
|
|
|
|
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 17000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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 2008 and it is engaged in construction activity. Management has failed to file its latest financials with Government Registry. As per available financials of March 2016, the company has registered a growth of 17.53%in its revenue as compared to its previous year’s revenue and has reported fair profit margin of 4.54%. Rating takes into consideration the company’s satisfactory track record of business operations marked by healthy net worth base along with comfortable debt coverage indicators and good liquidity position. However, rating strength is partially offset by its presence in highly competitive and huge working capital requirement construction industry. Payments 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 |
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 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 : |
Mrs. Fatima |
|
Designation : |
Office Executive |
|
Contact No.: |
91-120-4180500 |
|
Date : |
07.05.2018 |
LOCATIONS
|
Registered Office : |
Mezzanine
Floor, M-4, New Delhi South Extension
Part-II, New Delhi – 110049, India |
|
Tel. No.: |
91-120-4180500 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C - 1, Sector - 3, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4180500 |
|
Fax No.: |
91-120-4180541 |
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E-Mail : |
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|
Site Offices: |
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Local Offices: |
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajinder Singh Chadha |
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Designation : |
Director |
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|
Address : |
21, Oak Drive Chhatter Pur Farm, New Delhi-110030, India |
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Date of Birth/Age : |
24.07.1965 |
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|
Qualification : |
ACKPC9650J |
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|
Date of Appointment : |
04.01.2016 |
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PAN No.: |
Graduate |
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DIN No: |
00032201 |
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Other Directorship:
|
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|
Name : |
Mr. Manpreet Singh Chadha |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
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|
Address : |
Farm No. 21, Oak Drive, Dlf Chhatter Pur, New Delhi-110030, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
14.09.1980 |
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|
Qualification : |
Graduate |
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|
Date of Appointment : |
04.01.2016 |
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PAN No.: |
ACKPC9648J |
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DIN No: |
00032276 |
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Other Directorship:
|
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|
Name : |
Mr. Harmandeep Singh Kandhari |
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|
Designation : |
Director |
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|
Address : |
C-193, Sector-44, Noida-201301, Uttar Pradesh, India |
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Date of Birth/Age : |
26.05.1980 |
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Qualification : |
Graduate |
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Date of Appointment : |
11.04.2011 |
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PAN No.: |
ASHPS1240B |
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DIN No: |
01028271 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Joylin Jain |
|
Designation : |
Company Secretary |
|
Address : |
C-106, Pocket-1, Kendriya Vihar-II, Sector-82, Noida-201304, Uttar Pradesh, India |
|
Date of Appointment : |
01.09.2015 |
|
PAN No.: |
AEJPJ3469B |
|
|
|
|
Name : |
Mrs. Fatima |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS
As on 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Rajinder Singh Chadha |
|
26000362 |
|
Manpreet Singh Chadha |
|
15000191 |
|
Rajinder Singh Chadha and 6 Others (Nominee of K. Sons and Associates) |
|
3015 |
|
Jatinder Kaur |
|
59000781 |
|
Total |
|
100004349 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2016
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in the business of
Mall Operation and Cinema Operation and Real Estate and thus deriving income
from Rental and Maintenance Shops, Sale of Goods, Sale of Movie Tickets,
Revenue from Advertisement and Real Estate business. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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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 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
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|
Auditors : |
|
|
Name : |
SNMG and Company Chartered Accountants |
|
Address : |
F-378, Sarita Vihar New Delhi-110076, India |
|
Tel. No.: |
91-11- 29948663/ 29948664 |
|
Fax No.: |
91- 11-26948000 |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAAFR9119B |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : (As on 30.09.2016) |
|
|
|
|
|
Associate: (As on 30.09.2016) |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
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|
|
|
|
Other Related
parties: |
|
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
101000000 |
Equity Shares |
INR 10/- each |
INR 1010.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100004349 |
Equity Shares |
INR 10/- each |
INR 1000.043 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 |
1000.043 |
1000.043 |
1000.043 |
|
(b) Reserves and Surplus |
4850.188 |
4825.056 |
4858.394 |
|
(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) |
5850.231 |
5825.099 |
5858.437 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
375.730 |
373.633 |
373.818 |
|
(b) Deferred tax liabilities (Net) |
14.277 |
8.861 |
23.835 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.547 |
9.632 |
8.475 |
|
Total Non-current
Liabilities (3) |
402.554 |
392.126 |
406.128 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
3217.114 |
3140.516 |
3202.418 |
|
(b) Trade
payables |
28.326 |
26.627 |
35.251 |
|
(c) Other
current liabilities |
119.546 |
118.395 |
45.217 |
|
(d) Short-term
provisions |
4.131 |
3.226 |
3.619 |
|
Total Current
Liabilities (4) |
3369.117 |
3288.764 |
3286.505 |
|
|
|
|
|
|
TOTAL |
9621.902 |
9505.989 |
9551.070 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1324.218 |
1355.802 |
1402.247 |
|
(ii)
Intangible Assets |
0.937 |
0.937 |
1.716 |
|
(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 |
6581.191 |
6276.826 |
6276.826 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
971.313 |
969.670 |
991.970 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
8877.659 |
8603.235 |
8672.759 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.663 |
7.789 |
7.770 |
|
(c) Trade
receivables |
65.705 |
63.507 |
65.358 |
|
(d) Cash and
bank balances |
73.473 |
14.022 |
15.031 |
|
(e)
Short-term loans and advances |
594.159 |
816.514 |
789.241 |
|
(f) Other
current assets |
2.243 |
0.922 |
0.911 |
|
Total
Current Assets |
744.243 |
902.754 |
878.311 |
|
|
|
|
|
|
TOTAL |
9621.902 |
9505.989 |
9551.070 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
553.139 |
470.634 |
473.707 |
|
|
Other Income |
4.023 |
1.229 |
1.250 |
|
|
TOTAL |
557.162 |
471.863 |
474.957 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
157.713 |
133.828 |
148.992 |
|
|
Employee benefit expense |
92.748 |
77.237 |
71.343 |
|
|
CSR expenditure |
0.188 |
0.668 |
0.000 |
|
|
Other expenses |
227.103 |
249.726 |
188.662 |
|
|
TOTAL |
477.752 |
461.459 |
408.997 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
79.410 |
10.404 |
65.960 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.191 |
3.748 |
0.496 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
79.219 |
6.656 |
65.464 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
41.336 |
54.968 |
37.908 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
37.883 |
(48.312) |
27.556 |
|
|
|
|
|
|
|
Less |
TAX |
12.751 |
(14.974) |
9.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
25.132 |
(33.338) |
18.540 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.25 |
(0.33) |
0.19 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1.128 |
0.185 |
0.449 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
88.674 |
(30.596) |
57.020 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
75.923 |
(15.622) |
40.739 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
43.36 |
49.25 |
50.36 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
8.42 |
7.41 |
7.25 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
65.56 |
72.62 |
86.36 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
9.17 |
1.34 |
8.49 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
0.06 |
0.01 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.39 |
0.39 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.61 |
0.60 |
0.61 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ NetWorth) |
|
0.58 |
0.56 |
0.56 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.23 |
0.23 |
0.24 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
415.76 |
2.78 |
132.98 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
4.54 |
(7.08) |
3.91 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.26 |
(0.35) |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
0.43 |
(0.57) |
0.32 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
0.22 |
0.27 |
0.27 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.22 |
0.27 |
0.26 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.61 |
0.61 |
0.61 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
3.59 |
3.51 |
3.58 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
0.22 |
0.27 |
0.27 |
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 |
1000.043 |
1000.043 |
1000.043 |
|
Reserves & Surplus |
4858.394 |
4825.056 |
4850.188 |
|
Net
worth |
5858.437 |
5825.099 |
5850.231 |
|
|
|
|
|
|
Long-term borrowings |
373.818 |
373.633 |
375.730 |
|
Short term borrowings |
3202.418 |
3140.516 |
3217.114 |
|
Current maturities of
long-term debts |
0.449 |
0.185 |
1.128 |
|
Total
borrowings |
3576.685 |
3514.334 |
3593.972 |
|
Debt/Equity
ratio |
0.611 |
0.603 |
0.614 |
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 |
473.707 |
470.634 |
553.139 |
|
|
|
(0.649) |
17.531 |
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 |
473.707 |
470.634 |
553.139 |
|
Profit/ (Loss) |
18.540 |
(33.338) |
25.132 |
|
|
3.91
% |
(7.08
%) |
4.54
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
(1)Shareholders' Funds |
|
|
|
(a) Share Capital |
1000.043 |
1000.043 |
|
(b) Reserves and Surplus |
7095.272 |
7203.228 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
|
(d) Minority interest |
867.638 |
898.012 |
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
8095.315 |
8203.271 |
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
(a) long-term borrowings |
3007.883 |
3867.036 |
|
(b) Deferred tax liabilities (Net) |
37.375 |
35.174 |
|
(c) Other long-term
liabilities |
10.983 |
78.187 |
|
(d) long-term
provisions |
19.838 |
16.149 |
|
Total Non-current
Liabilities (3) |
3076.079 |
3996.546 |
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
(a) Short-term
borrowings |
3645.723 |
3845.173 |
|
(b) Trade
payables |
264.436 |
243.503 |
|
(c) Other
current liabilities |
4469.210 |
4046.821 |
|
(d) Short-term
provisions |
31.630 |
29.718 |
|
Total Current
Liabilities (4) |
8410.999 |
8165.215 |
|
|
|
|
|
TOTAL |
20450.031 |
21263.044 |
|
|
|
|
|
II.
ASSETS |
|
|
|
(1)
Non-current assets |
|
|
|
(a) Fixed
Assets |
|
|
|
(i)
Tangible assets |
2063.398 |
2087.859 |
|
(ii)
Intangible Assets |
5752.503 |
5924.654 |
|
(iii) Tangible assets
capital work-in-progress |
6.541 |
80.495 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
|
(b) Non-current Investments |
495.114 |
247.309 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
978.147 |
975.891 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
|
Total Non-Current
Assets |
9295.703 |
9316.208 |
|
|
|
|
|
(2)
Current assets |
|
|
|
(a)
Current investments |
49.351 |
101.955 |
|
(b)
Inventories |
8535.008 |
7870.500 |
|
(c) Trade
receivables |
549.612 |
474.584 |
|
(d) Cash and
bank balances |
199.202 |
178.297 |
|
(e)
Short-term loans and advances |
1687.664 |
3188.132 |
|
(f) Other
current assets |
133.491 |
133.368 |
|
Total
Current Assets |
11154.328 |
11946.836 |
|
|
|
|
|
TOTAL |
20450.031 |
21263.044 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
Total
Revenue from operations |
1540.457 |
1220.510 |
|
|
Other Income |
25.973 |
20.192 |
|
|
TOTAL |
1566.430 |
1240.702 |
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
Cost of Materials
Consumed |
636.852 |
509.589 |
|
|
Employee benefit expense |
202.805 |
191.619 |
|
|
CSR expenditure |
0.188 |
0.668 |
|
|
Other expenses |
452.110 |
471.672 |
|
|
TOTAL |
1291.955 |
1173.548 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
274.475 |
67.154 |
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
71.023 |
71.178 |
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
203.452 |
(4.024) |
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
125.617 |
158.386 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
77.835 |
(162.410) |
|
|
|
|
|
|
Less |
TAX |
29.666 |
7.539 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
48.169 |
(169.949) |
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.48 |
(1.67) |
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 |
No |
|
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 |
STATE OF COMPANY'S
AFFAIRS AND FUTURE OUTLOOK:
The Company is in the business of Mall Operation, Cinema operation and real Estate. During the reporting financial year, the Company's overall income from film, slide, advertisement, and hoarding display has increase has compared to the previous year. The Directors are making efforts to procure more business and the business is expected to grow more in future. They expect better results in the years to come. Their growing circuit of high quality cinemas and our company wide emphasis on customer service excellence remain critical factors in our ability to generate positive operating results in near future.
Further, the rental/Maintenance income of the Company has slightly increased from INR 112.000 million to INR 114.600 million in the year in comparison to the previous year.
During the reporting financial year, the Company made net profit of INR 25.132 million in comparison to net loss of INR 33.338 million in the previous financial year.
NATURE OF OPERATIONS
The Company was incorporated on Feb. 28, 2008 and is engaged in the business of Mall Operation and Cinema Operation and Real Estate and thus deriving income from Rental and Maintenance Shops, Sale of Goods, Sale of Movie Tickets, Revenue from Advertisement and Real Estate business.
UNSECURED LOAN
|
PARTICULAR |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
373.600 |
373.600 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
3217.114 |
3140.516 |
|
Total |
3590.714 |
3514.116 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B00850057 |
10255057 |
PUNJAB & SIND BANK |
16/11/2010 |
- |
- |
700000000.0 |
INDUSTRIAL FINANCE BRANCHCONNAUGHT CIRCUSNEW DELHIDL110001IN |
|
2 |
G82157132 |
10285380 |
ALLAHABAD BANK |
22/03/2011 |
28/01/2016 |
26/03/2018 |
7890900000.0 |
INDUSTRIAL FINANCE BRANCH, 2ND FLOOR,17, PARLIAMENT STREET,NEW DELHIDL110001IN |
|
3 |
C79128591 |
10557454 |
CORPORATION BANK |
30/01/2015 |
- |
22/01/2016 |
1850000000.0 |
Premises No.5 New Lajpat NagarPakhowal RoadLudhianaPB141003IN |
|
4 |
C76366699 |
10558350 |
Vijaya Bank |
30/01/2015 |
- |
16/01/2016 |
1160000000.0 |
Corporate Banking BranchDefence ColonyNew DelhiDL110024IN |
|
5 |
C42722231 |
10286410 |
State Bank of India |
07/04/2011 |
- |
14/01/2015 |
700000000.0 |
SPECIALISED COMMERCIAL BRANCHTANDA ROAD, OPP. KMVJALANDHARPB144004IN |
|
6 |
C07114689 |
10350737 |
CORPORATION BANK |
29/03/2012 |
01/02/2014 |
17/06/2014 |
1500000000.0 |
PREMISES NO. 5PAKHOWAL ROADLUDHIANAPB141001IN |
|
7 |
C07115108 |
10216202 |
ALLAHABAD BANK |
04/03/2010 |
- |
29/05/2014 |
2850000000.0 |
IIFB, CHEEMA CHOWKLUDHIANAPB141003IN |
|
8 |
B38416079 |
10160399 |
BANK OF INDIA |
08/06/2009 |
- |
07/04/2012 |
3400000000.0 |
NEW DELHI LARGE CORPORATE BRANCH37, S. BHAGAT SINGH MARG (NEAR SHIVAJI STADIUM)NEW DELHIDL110001IN |
|
9 |
A62924931 |
90036646 |
STATE BANK OF INDIA |
12/07/2001 |
- |
02/06/2009 |
4769200.0 |
COMMERCIAL BRANCHNARAINANEW DELHIDLIN |
|
10 |
A62892781 |
80054115 |
Oriental Bank of Commerce |
12/09/2005 |
- |
30/05/2009 |
210000000.0 |
IFB, H-15,Connaught Circus,New DelhiDL110001IN |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
- Goodwill
- Trade marks
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 : |
SWT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.