|
|
|
MIRA INFORM REPORT
|
Report No. : |
508293 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
CHD DEVELOPERS LIMITED |
|
|
|
|
Registered
Office : |
SF-16-17, 1st Floor, Madame Bhikaji Cama Bhawan 11, Bhikaji Cama Place, New Delhi - 110066 |
|
Tel. No.: |
91-11-40100100 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
17.08.1990 |
|
|
|
|
Com. Reg. No.: |
55-041188 |
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|
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Capital Investment
/ Paid-up Capital : |
INR 257.185 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74899DL1990PLC041188 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does not
have export and import] |
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TIN No.: |
Not Divulged |
|
|
|
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Subject is a Leading Real Estate Developer engaged in the business of
Township and Residential/ Commercial Complexes. Registered Activity] |
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|
|
|
No. of Employees
: |
160 [Approximately] |
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 3440000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1990 and it is engaged in construction activity. As per financials of March 2017, the company has registered decline in its revenue as compared to its previous year’s revenue and has reported fair profit margin of 3.99%. Rating takes into consideration the company’s established track record of business operations marked by healthy net worth base along with average debt coverage indicators and good liquidity position. Rating also takes into account the experienced promoters and satisfactory sales status of the ongoing projects. Share are quoted fairly high on Stock Exchanges. (Share are traded at a price of INR 17.10 against its face value of INR 2.) However, rating strength is partially offset by high dependence on customer advances to fund the projects, residual project execution with some of the major projects being in the initial stage of development and inherent risks associated with the real estate 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 |
CARE |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
16.08.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 09.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-11-40100100]
LOCATIONS
|
Registered/ Corporate Office : |
SF-16-17, 1st Floor, Madame Bhikaji Cama Bhawan 11, Bhikaji Cama Place, New Delhi - 110066, India |
|
Tel. No.: |
91-11-40100100 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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|
|
|
|
Site Address: |
·
CHD
Resortico Sector 34, Sohna, South of Gurgaon, Haryana, India ·
CHD
EWay Towers Sector 109, Dwarka Expressway, Gurgaon, Haryana, India ·
CHD
Vann Sector 71, Gurgaon, Haryana, India ·
106
Golf Avenue Sector 106, Dwarka Expressway, Gurgaon, Haryana, India ·
Avenue
71 - Gurgaon Avenue 71, Sector 71, Sohna Road, Gurgaon, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Rajinder Kumar Mittal |
||||||||||||||||||||||||||||||||||||||||
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Designation : |
Wholetime Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 10-11, 2nd Floor, Nelson Mandela Road C-3POC, Vasant Kunj New Delhi 110070, India |
||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
17.08.1990 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00015146 |
||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Pran Nath |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
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Address : |
C-II/2255, Vasant Kunj, New Delhi - 110070, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2003 |
||||||||||||||||||||||||||||||||||||||||
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DIN No.: |
00015740 |
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Gaurav Mittal |
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|
Designation : |
Managing Director |
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|
Address : |
Plot No. 11, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070, India |
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|
Date of Appointment : |
30.05.1997 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00052968 |
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|
||||||||||||||||||||||||||||||||||||||||
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Name : |
Sunil Kumar Sachdeva |
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|
Designation : |
Additional Director |
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|
Address : |
B-057 Alpha-1 Greater, Noida - 201306, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.10.2017 |
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DIN No.: |
00399472 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Shailly Goel |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
23/184 Rohtak Road, Sonipat - 131001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
13.04.2017 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
07791929 |
||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Naresh Kumar Sharma |
|
Designation : |
Chief Financial Officer |
|
Address : |
Ec-155, Maya Enclave, New Delhi - 110064, India |
|
Date of Appointment : |
11.11.2016 |
|
PAN No.: |
AMDPS9755M |
|
|
|
|
Name : |
Mr. Sachin Kumar |
|
Designation : |
Company Secretary cum Compliance Officer |
|
Address : |
H. No. 459, V.P.O, Pehladpur, Delhi - 110042, India |
|
Date of Appointment : |
24.02.2016 |
|
PAN No.: |
BIRPK4512R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2018
|
Category of
Shareholders |
No. of Shares |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % of |
|
(A) Promoter & Promoter Group |
79876315 |
62.12 |
|
(B) Public |
48715971 |
37.88 |
|
|
|
|
|
Total |
128592286 |
100.00 |
Statement showing
shareholding pattern of the Promoter and Promoter Group
|
Category of shareholder |
No. of fully paid up equity shares held |
Shareholding as a % of total no. of shares
(calculated as per SCRR, 1957)As a % of (A+B+C2) |
|
|
A1) Indian |
0.00 |
||
|
Individuals/Hindu
undivided Family |
63891200 |
49.69 |
|
|
Rajinder Kumar
Mittal |
21583550 |
16.78 |
|
|
Ruchie Mittal |
13500000 |
10.50 |
|
|
Gaurav Mittal |
12377200 |
9.63 |
|
|
Anchal Pahwa |
6060000 |
4.71 |
|
|
Radha Mittal |
5739950 |
4.46 |
|
|
R K Mittal |
4630500 |
3.60 |
|
|
Any Other
(specify) |
15985115 |
12.43 |
|
|
Capital Institute
of Competition Training Private Limited |
15985115 |
12.43 |
|
|
Sub Total A1 |
79876315 |
62.12 |
|
|
A2) Foreign |
0.00 |
||
|
A=A1+A2 |
79876315 |
62.12 |
Statement showing
shareholding pattern of the Public shareholder
|
Category &
Name of the Shareholders |
No. of fully paid
up equity shares held |
Shareholding %
calculated as per SCRR, 1957 As a % of (A+B+C2) |
|
|
|||
|
|||
|
|||
|
B1) Institutions |
0 |
0.00 |
|
|
Mutual Funds/ |
46500 |
0.04 |
|
|
Sub Total B1 |
46500 |
0.04 |
|
|
B2) Central Government/
State Government(s)/ President of India |
0 |
0.00 |
|
|
B3)
Non-Institutions |
0 |
0.00 |
|
|
Individual share
capital upto INR 0.200 Million |
15249618 |
11.86 |
|
|
Individual share
capital in excess of INR 0.200 Million |
12993931 |
10.10 |
|
|
Ashish RameshChandra
Kacholia |
7250000 |
5.64 |
|
|
NBFCs registered
with RBI |
30000 |
0.02 |
|
|
Any Other
(specify) |
20395922 |
15.86 |
|
|
Bodies Corporate |
17406974 |
13.54 |
|
|
Bengal Finance
& Investment Private Limited |
7250000 |
5.64 |
|
|
T K Professionals Private
Limited |
4164921 |
3.24 |
|
|
Non-Resident
Indian (NRI) |
725645 |
0.56 |
|
|
HUF |
2040172 |
1.59 |
|
|
Trusts |
200 |
0.00 |
|
|
Clearing Members |
222931 |
0.17 |
|
|
Sub Total B3 |
48669471 |
37.85 |
|
|
B=B1+B2+B3 |
48715971 |
37.88 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a Leading Real Estate Developer engaged in the business of
Township and Residential/ Commercial Complexes. Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
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Exports : |
Not Divulged |
|
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|
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Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
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Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
160 [Approximately] |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· State Bank of India Lagerstroemia shopping Complex, Knowledge Park-I, Near Kailash Hospital, greater Noida 132001, Uttar Pradesh, India · Axis Bank Limited · Bank of Baroda · Kotak Mahindra Bank Limited · InduInd Bank Limited |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Amrg and Associates Chartered Accountants |
|
Address : |
18A, 2nd Floor, North Avenue Road, Punjabi Bagh (West), New
Delhi - 110026, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Wholly owned subsidiary company : |
· CHD Blueberry Realtech Private Limited · CHD Infra Project Private Limited · CHD Facility Management Private Limited · CHD Hospitality Private Limited · CHD Elite Realtech Private Limited · Delight Spirits Private Limited · Empire Realtech Private Limited · Golden Infracon Private Limited · International Infratech Private Limited |
|
|
|
|
Significant Influence of key managerial Personnel: |
· Aadyant Education Private Limited · Armaan Global Private Limited · CHD Energy Private Limited · CHD Saaswork Software Private Limited · CHD Skyone Developers Private Limited · Capital Institute of Competition Trading Private Limited · CHD Agro Product Private Limited · Divine Townships Private Limited · Horizon Reality Private Limited · CHD Retirement Township Private Limited (till 30.09.2015) · British Butler Institute (India) Private Limited (till 31.03.2017) |
CAPITAL STRUCTURE
AFTER 29.09.2017
Authorised Capital : INR 355.000 Million
Issued, Subscribed & Paid-up Capital : INR 257.185
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
117500000 |
Equity Shares |
INR 2/- each |
INR 235.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
113592286 |
Equity Shares |
INR 2/- each |
INR 227.185 Million |
|
|
|
|
|
Reconciliation of the shares outstanding at the beginning and at the end
of the reporting period Equity shares
|
Particulars |
No. of shares |
INR in Million |
|
At the beginning of the year |
113592286 |
227.185 |
|
Issued during the year |
-- |
-- |
|
Outstanding at the end of the year |
113592286 |
227.185 |
Term/rights attached to equity shares
The company has only one class of equity shares having a per value of INR 2/- per share. Each holder of equity is entitled to one vote per share. The company declares and pays divided in Indian Rupees. During the year ended 31st March 2017 the amount per share final dividend for distribution to equity shareholder is INR 0.10 paise per equity share of INR 2 each (PY final dividend: NIL)
In the event of liquation of the company, the holders of equity shares will entitled to receive remaining assets of company., after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
227.185 |
227.185 |
227.185 |
|
(b) Reserves & Surplus |
978.003 |
937.062 |
852.694 |
|
(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) |
1205.188 |
1164.247 |
1079.879 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
971.198 |
407.754 |
821.620 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
2.187 |
8.513 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
12.093 |
10.386 |
10.065 |
|
Total
Non-current Liabilities (3) |
983.291 |
420.327 |
840.198 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
768.296 |
858.813 |
632.514 |
|
(b)
Trade payables |
344.774 |
239.495 |
308.779 |
|
(c)
Other current liabilities |
1969.891 |
2455.920 |
2458.977 |
|
(d)
Short-term provisions |
44.838 |
54.424 |
44.488 |
|
Total
Current Liabilities (4) |
3127.799 |
3608.652 |
3444.758 |
|
|
|
|
|
|
TOTAL |
5316.278 |
5193.226 |
5364.835 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
126.808 |
140.775 |
172.376 |
|
(ii)
Intangible Assets |
9.329 |
16.821 |
24.582 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
2.875 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
536.434 |
536.434 |
536.434 |
|
(c) Deferred tax assets
(net) |
1.741 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
8.749 |
8.356 |
8.022 |
|
(e)
Other Non-current assets |
|
|
|
|
Total
Non-Current Assets |
685.936 |
702.386 |
741.414 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b)
Inventories |
2752.768 |
2496.594 |
2685.302 |
|
(c)
Trade receivables |
15.225 |
26.124 |
31.158 |
|
(d)
Cash and cash equivalents |
177.462 |
236.743 |
283.108 |
|
(e)
Short-term loans and advances |
1683.237 |
1730.086 |
1622.060 |
|
(f)
Other current assets |
1.650 |
1.293 |
1.793 |
|
Total
Current Assets |
4630.342 |
4490.840 |
4623.421 |
|
|
|
|
|
|
TOTAL |
5316.278 |
5193.226 |
5364.835 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1306.355 |
1693.180 |
2332.068 |
|
|
|
Other Income |
0.000 |
0.014 |
0.179 |
|
|
|
TOTAL |
1306.355 |
1693.194 |
2332.247 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
76.363 |
104.193 |
154.770 |
|
|
|
Construction expenses |
916.957 |
1146.053 |
1557.765 |
|
|
|
Other expenses |
122.134 |
184.903 |
317.460 |
|
|
|
TOTAL |
1115.454 |
1435.149 |
2029.995 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
190.901 |
258.045 |
302.252 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
90.262 |
97.008 |
154.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
100.639 |
161.037 |
147.469 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.684 |
24.824 |
26.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
78.955 |
136.213 |
120.712 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.779 |
47.690 |
41.854 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
52.176 |
88.523 |
78.858 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
0.46 |
0.78 |
0.69 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
(440.156) |
219.613 |
519.845 |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
(494.173) |
175.522 |
470.450 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
4.25 |
5.63 |
4.88 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
85.80 |
64.81 |
74.85 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.07 |
0.10 |
0.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.37 |
1.64 |
1.53 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.77 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.44 |
1.09 |
1.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.60 |
3.10 |
3.19 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.12 |
0.14 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.11 |
2.66 |
1.95 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.99 |
5.23 |
3.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.98 |
1.70 |
1.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.33 |
7.60 |
7.30 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.48 |
1.24 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.60 |
0.55 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.22 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
7.66 |
5.58 |
6.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.48 |
1.24 |
1.34 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2/- |
|
|
|
|
Market Value |
INR 17.10/- |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
227.185 |
227.185 |
227.185 |
|
Reserves & Surplus |
852.694 |
937.062 |
978.003 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1079.879 |
1164.247 |
1205.188 |
|
|
|
|
|
|
long-term borrowings |
821.620 |
407.754 |
971.198 |
|
Short term borrowings |
632.514 |
858.813 |
768.296 |
|
Total
borrowings |
1454.134 |
1266.567 |
1739.494 |
|
Debt/Equity
ratio |
1.347 |
1.088 |
1.443 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2332.068 |
1693.180 |
1306.355 |
|
|
|
(27.396) |
(22.846) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
2332.068 |
1693.180 |
1306.355 |
|
Profit |
78.858 |
88.523 |
52.176 |
|
|
3.38% |
5.23% |
3.99% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G51296614 |
100117991 |
STATE BANK OF
INDIA |
31/07/2017 |
- |
- |
500000000.0 |
LAGERSTROEMIA SHOPPING
COMPLEXKNOWLEDGE PARK-I, NEAR KAILASH HOSPITALGREATER NOIDAHR132001IN |
|
2 |
G31861099 |
100068824 |
INDIABULLS HOUSING
FINANCE LIMITED |
22/12/2016 |
- |
- |
25600000.0 |
M - 62 &
63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDE110001IN |
|
3 |
G31860257 |
100068827 |
INDIABULLS HOUSING
FINANCE LIMITED |
22/12/2016 |
- |
- |
5000000.0 |
M - 62 &
63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDE110001IN |
|
4 |
G17035114 |
100056001 |
RELIANCE HOME
FINANCE LIMITED |
23/09/2016 |
- |
- |
110000000.0 |
RELIANCE CENTRE,
6TH FLOOR, SOUTH WING,OFF. WESTERN EXPRESS HIGHWAY, SANTACRUZ
(EAST)MUMBAIMA400055IN |
|
5 |
G09386038 |
100037411 |
INDUSIND BANK LTD. |
06/05/2016 |
05/08/2016 |
- |
1400000000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMA411001IN |
|
6 |
C82055922 |
10626858 |
RELIANCE HOME
FINANCE LIMITED |
22/02/2016 |
- |
- |
5000000.0 |
570, RECTIFIER
HOUSE, 3RD FLOORNAIGAUM CROSS ROAD, WADALAMUMBAIMH400031IN |
|
7 |
C78421799 |
10618882 |
RELIANCE HOME
FINANCE LIMITED |
29/01/2016 |
- |
- |
295000000.0 |
570, RECTIFIER
HOUSE, 3RD FLOORNAIGAUM CROSS ROAD, WADALAMUMBAIMH400031IN |
|
8 |
C11354800 |
10218266 |
AXIS BANK LIMITED |
06/04/2010 |
25/06/2014 |
- |
202700000.0 |
2ND FLOOR,
STATESMAN HOUSE148, BARAKHAMBA ROADNEW DELHIDL110002IN |
|
9 |
G30801906 |
10079650 |
BANK OF BARODA |
18/12/2007 |
08/12/2016 |
- |
903300000.0 |
MID CORPORATE
BRANCH42, OJC JHARSA ROAD CIVIL LINESGURGAONHR122001IN |
|
10 |
A36996221 |
80044211 |
PUNJAB NATIONAL
BANK |
28/01/2006 |
12/02/2008 |
- |
32000000.0 |
RAJENDRA PLACENEW
DELHIDL110008IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
From public |
15.406 |
12.203 |
|
From shareholders |
11.107 |
16.107 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Deposits |
|
|
|
From public |
196.327 |
197.555 |
|
From shareholders |
73.265 |
67.062 |
|
From ICD |
0.500 |
0.500 |
|
Total |
296.605 |
293.427 |
BACKGROUND
The company was incorporated in 199 by Mr. R K Mittal. The company is
headquartered in New delhi and was started with a vision to help home buyers
relaise their dream perfect homes. The company is a leader in innovation and
quality development. The company has ushered paradigm changes in North India’s
Real Estate landscape.
CHD projects in Vrindavan, Haridwar, Gurugram, Karnal and other area of
Delhi are living testimony to their commitment in providing world-class living
standards to customers. The company has a very assets light operating model and
follows the concept of ‘Realty Manufacturing’, without accumulating any land
bank.
CORPORATE
INFORMATION
The company was incorporated on August 17, 1990. CHD development limited
is a leading real estate developer engaged in the business of township and
residential/commercial complex. The operation of the company spans all aspects
of real estate development, from identification and acquisition of land to
planning, execution, construction and marketing projects.
UN-AUDITED
FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED
31ST DECEMBER 2017
(INR
in Million)
|
|
Quarter Ended |
Nine Months Ended |
|
|
|
31.12.2017 (Un-audited) |
30.09.2017 (Un-audited) |
31.12.2017 (Un-audited) |
|
Income From Operations |
|
|
|
|
a) Revenue From Operations |
270.704 |
256.453 |
897.923 |
|
b) Other Income |
0.000 |
0.000 |
0.000 |
|
Total Income |
270.704 |
256.453 |
897.923 |
|
|
|
|
|
|
Expenses |
|
|
|
|
a) Cost Of Material Consumed/Construction Cost |
215.822 |
210.729 |
706.264 |
|
b) Employee Benefits Expense |
11.714 |
10.310 |
40.989 |
|
c) Finance Cost |
17.357 |
16.553 |
46.241 |
|
d) Depreciation, Amortization And Impairment |
4.638 |
4.909 |
14.566 |
|
e) Other Expenses |
15.933 |
12.930 |
62.113 |
|
Total expenses |
265.464 |
255.431 |
870.175 |
|
|
|
|
|
|
Profit before
exceptional items and tax |
5.240 |
1.022 |
27.748 |
|
|
|
|
|
|
Exceptional items (net) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Profit before tax |
5.240 |
1.022 |
27.748 |
|
|
|
|
|
|
Tax expenses |
|
|
|
|
a) Current Tax |
3.330 |
1.442 |
13.029 |
|
b) Deferred Tax |
(0.567) |
(5.634) |
(7.229) |
|
|
|
|
|
|
Net profit for the
period |
2.477 |
5.214 |
21.948 |
|
|
|
|
|
|
Other comprehensive
income (OCI) |
|
|
|
|
a) items that will not be reclassified to profit and loss- |
|
|
|
|
Remeasurements gains/(losses) of the defined benefit obligation |
(0.150) |
(0.352) |
(0.502) |
|
|
|
|
|
|
b) income tax relating to items that will not be reclassified to profit and loss |
|
|
|
|
- income tax on remeasurements of gains/(losses ) of the defined benefit obligation |
0.050 |
0.116 |
0.166 |
|
|
|
|
|
|
Total other
comprehensive (income)/loss |
(0.100) |
(0.236) |
(0.336) |
|
Total Comprehensive
(Income) For The Period/ Year |
2.376 |
4.978 |
21.612 |
|
Paid –up equity
share capital |
227.185 |
227.185 |
227.185 |
|
|
|
|
|
|
Earning per equity
shares (face value of INR 2/- per share) (not annualized) |
|
|
|
|
Basic |
0.02 |
0.04 |
0.19 |
|
Diluted |
0.02 |
0.04 |
0.19 |
NOTE:
1. The above results have been reviewed and Board of Directors at their meetings held on 12.02.2018
2. The Standalone financial results have been prepared in accordance with the principles
and procedures of Indian Accounting Standards (“IND AS') as notified under the
Companies (Indian Accounting Standard) Rules, 2015 as specified in section 133
of the Companies Act, 2013.
3. The Company has adopted IND AS from April 1, 2017 and accordingly these
Standalone financial results have been prepared as per Indian accounting
standards (IND AS) in accordance with the recognition and measurement
principles laid down in Ind AS 34 Interim Financial Reporting prescribed under
Section 133 of Companies Act, 2013, read with relevant rules issued thereunder.
The date of transition to IND AS is April 01, 2016.
4. Reconciliation of Net Profit after tax as previously reported under Indian
GAAP & Ind AS for the quarter and nine months ended December 31, 2016
5. Financial results for the quarter and nine months ended December 31, 2016
are also IND AS compliant. The Management has executed necessary due diligence
to ensure that the standalone financial results give true and fair view.
6. As the Business activity and operations of the Company primarily fall within
a single business and Geographical segment and as per the requirements of IND
AS 108 this is the only reportable segment and there were no additional
disclosures to be provided.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Claims against the company not acknowledge as debt |
244.662 |
372.393 |
|
Guarantee issued by the banks on behalf of the company |
222.506 |
190.809 |
|
Corporate guarantee given to bank for providing loans/BGs to related
parties |
27.011 |
75.609 |
|
* The company has been advised that the demand is likely to be either
delete or substantially reduced and accordingly no provision is considered
necessary. |
||
FIXED ASSETS:
Intangible Assets
· Building
· Computers
· Furniture and Fixture
· Plant and Machinery
· Office Equipment and Machinery
· Vehicles
Intangible Assets
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.08 |
|
UK Pound |
1 |
INR 91.14 |
|
Euro |
1 |
INR 80.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
YES |
|
--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.