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|
|
MIRA INFORM REPORT
|
Report No. : |
507745 |
|
Report Date : |
08.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
XRBIA DEVELOPERS LIMITED (w.e.f. 21.06.2012) |
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|
|
|
Formerly Known
As : |
EIFFEL DEVELOPERS AND REALTORS
LIMITED (w.e.f. 18.12.2007) EIFFEL DEVELOPERS AND REALTORS PRIVATE LIMITED [w.e..f 14.05.2007] EIFFEL INFOCITY PRIVATE LIMITED |
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Registered
Office : |
Office No. 125/126, Patil Plaza, Mitramandal Chowk,
Parvati, Pune – 411009, Maharashtra |
|
Tel. No.: |
91-20-66858888 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
22.09.2004 |
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|
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Com. Reg. No.: |
11-019772 |
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Capital
Investment / Paid-up Capital : |
INR 197.468 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U45209PN2004PLC019772 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCE5318F1ZW |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCE5318F |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Development of real estate i .e. Construction of building and dealing in real estate. [Registered Activity] |
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No. of Employees
: |
Information denied by the management |
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a flagship company of “Xbria Group” and it was incorporated in the year 2004. It is engaged in construction activities. Management has failed to file its financials after FY 2015 with Government Registry. As per available summarized financials of March 2016, the company has registered sharp decline in its revenue and has reported good profit margin. Rating is constrained on account of company’s unavailability of latest financials and its presence in highly competitive and huge working capital requirement industry. However, rating weakness is partially offset by sound net worth base of the company. Payments seems to be slow but correct. In view of aforesaid, the company 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 |
ICRA |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit
risk. |
|
Date |
16.03.2018 |
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 DENIED BY
|
Name : |
Ms. Premla Yadav |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-20-6858888 |
|
Date : |
05.05.2018 |
Management Non-Cooperative (91-22-61320051)
LOCATIONS
|
Registered Office : |
Office No. 125/126, Patil Plaza, Mitramandal Chowk,
Parvati, Pune – 411009, Maharashtra, India |
|
Tel. No.: |
91-20-6858888 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website: |
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Branch Office 1 : |
929, Mantri House, First Floor, Near Dnyaneshwar Paduka Chowk, F.C. Road, Pune - 411004, Maharashtra, India |
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|
|
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Branch Office 2 : |
“The Affairs”, 26, Beverly Park, Plot No.20, Palm Beach Road, Sanpada,
Navi Mumbai – 400706, Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rahul Rasiklal Nahar |
|
Designation : |
Managing Director |
|
Address : |
127, 1st Floor, Patil Plaza, Near Saras
Baug, Pune - 411009, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1975 |
|
Qualification: |
Post Graduate |
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Date of Appointment : |
30.10.2014 |
|
DIN No.: |
00290014 |
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|
|
|
Name : |
Mr. Shekhar Dattatray Savlekar |
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Designation : |
Director |
|
Address : |
Kamathenagar, Vagh Vasti Somji Basastep
Javal,Kondhava Bu. Pune- 411048, Maharashtra, India |
|
Date of Birth/Age : |
19.10.1969 |
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Qualification: |
Post Graduate |
|
Date of Appointment : |
20.08.2013 |
|
DIN No.: |
02876472 |
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|
|
|
Name : |
Mr. Manojkumar Murlidhar Kamble |
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Designation : |
Director |
|
Address : |
37/557, Lokmanya Nagar, Pune -411030,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1979 |
|
Qualification: |
Professional |
|
Date of Appointment : |
01.09.2012 |
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DIN No.: |
06368402 |
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PAN No.: |
ATAPK2419A |
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|
|
|
Name : |
Mr. Sukesh Sahebgouda Patil |
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Designation : |
Director |
|
Address : |
59, 19th Cross, 1st Block, Rajajinagar,
Near Nalapaka Hotel, Bangalore -560010, Karnataka, India |
|
Date of Appointment : |
27.04.2015 |
|
DIN No.: |
06482441 |
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|
|
|
Name : |
Mr. Eshwar Bhagwan Ukirade |
|
Designation : |
Director |
|
Address : |
S.No.133,Ambil Odha Vasahat , Maruti Mandir
,Dandekar Pool, Pune -411030, Maharashtra, India |
|
Date of Appointment : |
27.04.2015 |
|
DIN No.: |
07267593 |
KEY EXECUTIVES
|
Name : |
Manojkumar Murlidhar Kamble |
|
Designation : |
Company Secretary |
|
Address : |
37/557, Lokmanya Nagar, Pune -411030,
Maharashtra, India |
|
Date of Birth/Age : |
22.03.1979 |
|
Date of Appointment : |
13.04.2012 |
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PAN No.: |
ATAPK2419A |
|
|
|
|
Name : |
Ms. Premla Yadav |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Rahul Rasiklal Nahar |
|
13637622 |
|
Vishal Nahar |
|
4669200 |
|
XRBIA North Hinjewadi Developers Private Limited, India |
|
720000 |
|
Eden Landmarks Private Limited, India |
|
720000 |
|
Vijay Motilal Bhansali |
|
1 |
|
Dilip Ramkrishna Khapre |
|
1 |
|
Shrenik Vijaykumar Balai |
|
1 |
|
Total |
|
19746825 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2015
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
92.71 |
|
Promoters- Body corporate |
7.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Development of real estate i .e. Construction of building and dealing in real estate. [Registered Activity] |
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Products / Services
: |
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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 : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users, OEM’s, Manufacturer
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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|
Auditors : |
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|
Name : |
Vipin Gujarathi and Company Chartered Accountants |
|
Address : |
Office No. 403/4/5, Poonam Plaza, Market Yard Road, Pune – 411037, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFV6653B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises
owned and/or significantly influenced by key management personnel / Relative
of Shareholders (as on 31.03.2015): |
|
CAPITAL STRUCTURE
AS ON 29.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
INR 10/- each |
INR 210.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19746825 |
Equity Shares |
INR 10/- each |
INR 197.468 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
197.468 |
197.468 |
197.468 |
|
(b) Reserves and Surplus |
883.548 |
664.197 |
585.305 |
|
(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) |
1081.016 |
861.665 |
782.773 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1214.748 |
729.457 |
574.540 |
|
(b) Deferred tax liabilities (Net) |
2.240 |
3.535 |
4.214 |
|
(c) Other long-term
liabilities |
0.000 |
17.087 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1216.988 |
750.079 |
578.754 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
131.560 |
11.882 |
179.642 |
|
(b) Trade
payables |
262.866 |
244.811 |
341.531 |
|
(c) Other
current liabilities |
848.524 |
1427.966 |
1260.979 |
|
(d) Short-term
provisions |
97.573 |
24.421 |
90.930 |
|
Total Current
Liabilities (4) |
1340.523 |
1709.080 |
1873.082 |
|
|
|
|
|
|
TOTAL |
3638.527 |
3320.824 |
3234.609 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
259.590 |
267.377 |
194.886 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
330.514 |
333.573 |
322.053 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
1794.373 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2384.477 |
600.950 |
516.939 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1173.225 |
1328.305 |
1577.586 |
|
(c) Trade
receivables |
10.851 |
12.630 |
49.583 |
|
(d) Cash and
bank balances |
66.237 |
81.532 |
137.092 |
|
(e)
Short-term loans and advances |
0.000 |
1293.602 |
8.000 |
|
(f) Other
current assets |
3.737 |
3.805 |
3.599 |
|
Total
Current Assets |
1254.050 |
2719.874 |
1775.860 |
|
|
|
|
|
|
TOTAL |
3638.527 |
3320.824 |
2292.799 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
708.473 |
642.084 |
870.321 |
|
|
Other Income |
8.889 |
26.816 |
55.594 |
|
|
TOTAL |
717.362 |
668.900 |
925.915 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
339.621 |
445.973 |
598.314 |
|
|
Employee benefit expense |
33.190 |
61.288 |
63.199 |
|
|
Other expenses |
17.868 |
40.304 |
152.052 |
|
|
TOTAL |
390.679 |
547.565 |
813.565 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
326.683 |
121.335 |
112.350 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.077 |
16.324 |
5.906 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
319.606 |
105.011 |
106.444 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.417 |
7.235 |
7.776 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
311.189 |
97.776 |
98.668 |
|
|
|
|
|
|
|
Less |
TAX |
71.080 |
18.884 |
21.391 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
240.109 |
78.892 |
77.277 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.15 |
4.00 |
3.91 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1379.409 |
(97.247) |
(275.033) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
1307.035 |
(143.647) |
(298.696) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
5.59 |
7.18 |
20.79 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
65.29 |
50.84 |
17.55 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
282.51 |
200.36 |
208.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.09 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.26 |
0.45 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.73 |
1.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.25 |
0.86 |
0.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.24 |
1.98 |
2.39 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.24 |
0.31 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
46.16 |
7.43 |
19.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
33.89 |
12.29 |
8.88 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.60 |
2.38 |
3.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.21 |
9.16 |
9.87 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.94 |
1.59 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.06 |
0.81 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.30 |
0.26 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
6.82 |
3.75 |
3.82 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.94 |
1.59 |
0.95 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
197.468 |
197.468 |
197.468 |
|
Reserves & Surplus |
585.305 |
664.197 |
883.548 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
782.773 |
861.665 |
1081.016 |
|
|
|
|
|
|
Long-term borrowings |
574.540 |
729.457 |
1214.748 |
|
Short term borrowings |
179.642 |
11.882 |
131.560 |
|
Total
borrowings |
754.182 |
741.339 |
1346.308 |
|
Debt/Equity
ratio |
0.963 |
0.860 |
1.245 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
870.321 |
642.084 |
708.473 |
|
|
|
(26.224) |
10.340 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
870.321 |
642.084 |
708.473 |
|
Profit/ (Loss) |
77.277 |
78.892 |
240.109 |
|
|
8.88
% |
12.29
% |
33.89
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
|
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
197.468 |
|
(b) Reserves and Surplus |
|
|
932.282 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
(d) Minority interest |
|
|
14.405 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
1129.750 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
674.467 |
|
(b) Deferred tax liabilities (Net) |
|
|
9.254 |
|
(c) Other long-term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
683.721 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
|
1245.601 |
|
(b) Trade
payables |
|
|
732.895 |
|
(c) Other
current liabilities |
|
|
4399.393 |
|
(d) Short-term
provisions |
|
|
128.812 |
|
Total Current
Liabilities (4) |
|
|
6506.701 |
|
|
|
|
|
|
TOTAL |
|
|
8334.577 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
|
410.521 |
|
(ii)
Intangible Assets |
|
|
62.752 |
|
(iii) Tangible assets
capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
1190.215 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d)
Long-term loans and advances |
|
|
756.927 |
|
(e) Other
Non-current assets |
|
|
13.732 |
|
Total Non-Current
Assets |
|
|
2434.147 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
5199.751 |
|
(c) Trade
receivables |
|
|
27.263 |
|
(d) Cash and
bank balances |
|
|
376.650 |
|
(e)
Short-term loans and advances |
|
|
181.582 |
|
(f) Other
current assets |
|
|
115.184 |
|
Total Current
Assets |
|
|
5900.430 |
|
|
|
|
|
|
TOTAL |
|
|
8334.577 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
2104.306 |
|
|
Other Income |
|
|
50.179 |
|
|
TOTAL |
|
|
2154.485 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
1638.971 |
|
|
Purchases of
Stock-in-Trade |
|
|
933.208 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(1354.738) |
|
|
Employee benefit expense |
|
|
220.589 |
|
|
Other expenses |
|
|
142.187 |
|
|
TOTAL |
|
|
1580.217 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
574.268 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
203.767 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
370.501 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
21.648 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
348.853 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
81.325 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
|
267.528 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
13.55 |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
REVIEW OF OPERATIONS (AS ON 31.03.2015):
During the financial year, the company has achieved a total income of INR 311.189 Million which was INR 97.776 Million in the previous year. Further the company has reported net profit after tax of INR 240.109 Million which was INR 78.892 Million in the previous year.
The Company has maximized its Revenues as well as its Profits as compared to the previous year. The Earning Per Share (EPS) of the company has been increased from INR 4.00/- to INR 12.16/- The company has shown remarkable progress during the financial year under report.
Considering the positive signs of recovery in the current year in the overall economy and in the real estate market, it is expected that the company would be able to achieve higher turnover and profitability in the years to come. The company is also planning to adopt various strategies and plans which would be advantageous and in the best interest of the company.
The Management is also hopeful to yield maximum profitability in the coming financial years as the company is in the process of undertaking various measures to cut the cost and increase the efficiency so as to achieve economies of scale and thereby achieving more revenues in the coming years.
The company and the directors are continuously looking for avenues for future growth of the Company and are evaluating various areas where the investment in properties can fetch good returns for the company.
BUSINESS OUTLOOK (AS ON 31.03.2015):
The Directors’ are hopeful that company will report better financial results in the coming financial year and company will continue to strive for profit and wealth maximization of shareholders of the Company by achieving better financial output in the coming years.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from directors |
1075.475 |
579.879 |
|
Loans and advances from others |
126.495 |
125.642 |
|
Total |
1201.970 |
705.521 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G81557225 |
100164903 |
L&T FINANCE
LIMITED |
01/03/2018 |
- |
350000000.0 |
TECHNOPOLIS, 7TH
FLOOR, A- WING, PLOT NO. - 4,BLOCK - BP, SECTOR -V, SALT LAKEKOLKATAWE700091IN |
|
2 |
G47595863 |
100107463 |
STATE BANK OF
INDIA |
27/04/2017 |
- |
700000000.0 |
TARA
CHAMBERSMUMBAI PUNE ROADPUNEMH410201IN |
|
3 |
G41069931 |
100089904 |
STATE BANK OF
INDIA |
20/03/2017 |
- |
800000000.0 |
INDUSTRIAL FINANCE
BRANCH,TARA CHAMBERSTARA CHAMBERS, PUNE MUMBIA HIGHWAYPUNEMH411003IN |
|
4 |
G74378936 |
100063381 |
VISTRA ITCL
(INDIA) LIMITED |
26/10/2016 |
29/09/2017 |
2500000000.0 |
IL & FS
FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN |
|
5 |
G06368609 |
100035819 |
STATE BANK OF
INDIA |
02/06/2016 |
- |
550000000.0 |
TARA
CHAMBERSMUMABAI PUNE ROADPUNEMH411003IN |
|
6 |
G36360196 |
100078480 |
ICICI BANK LTD |
28/04/2016 |
- |
4758500.0 |
PUNE
BRANCHPUNEMH411005IN |
|
7 |
G05462502 |
100032150 |
STATE BANK OF
INDIA |
23/03/2016 |
- |
600000000.0 |
INDUSTRIAL FINANCE
BRANCH, TARA CHAMBERSMUMBAI PUNE ROAD, WAKADEWADIPUNEMH411003IN |
|
8 |
G47597778 |
10590469 |
STATE BANK OF
INDIA |
28/08/2015 |
27/04/2017 |
800000000.0 |
TARA
CHAMBERSMUMBAI PUNE ROADPUNEMH410201IN |
|
9 |
C60559432 |
10583532 |
IFCI LIMITED |
28/07/2015 |
- |
500000000.0 |
IFCI TOWER61 NEHRU
PLACENEW DELHIDL110019IN |
|
10 |
C54171921 |
10570473 |
PNB HOUSING
FINANCE LIMITED |
28/04/2015 |
- |
850000000.0 |
9TH FLOORANTRIKSH
BHAWAN22 K G MARGNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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,
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 66.11 |
|
UK Pound |
1 |
INR 90.85 |
|
Euro |
1 |
INR 80.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
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.