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|
|
MIRA INFORM REPORT
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Report No. : |
508447 |
|
Report Date : |
09.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VARDHMAN CONCRETE LIMITED (w.e.f 22.04.2010) |
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|
Formerly Known
As : |
STRESSCRETE INDIA LIMITED (w.e.f 17.10.1994) STRESSCRETE INDIA PRIVATE LIMITED |
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Registered
Office : |
Survey No. 35/10, Lohop Village, Khalapur Taluka, District Raigad – 410 220, Maharashtra |
|
Tel. No.: |
91- 22-43226100 / 22672268 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
23.10.1982 |
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Com. Reg. No.: |
11-028556 |
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|
Capital
Investment / Paid-up Capital : |
INR 73.136 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1982PLC028556 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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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 engaged into construction and allied activities (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 : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1982. As per the financial of 2017, the company has achieved sales turnover
of INR 25.000 million along with decent profitability margin. The weak financial position of the company is marked by the
accumulated losses which have eroded the networth base. Business is active. Payment seems to be slow. In view of aforesaid, the company can be considered for business
dealings on fully safe and secured trade terms and condition. |
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 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.:91-22-22672268)
LOCATIONS
|
Registered Office : |
Survey No. 35/10, Lohop Village, Khalapur Taluka, District Raigad – 410 220, Maharashtra, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office 1: |
120, Commerce House, 140, N.M. Marg, Fort Mumbai – 400 001, Maharashtra, India |
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Corporate Office 2: |
Vardhman Group, 58/64, 1st Floor, Hari Chamber, Shahid Bhagat Singh Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
Tel. No.: |
91- 22-43226100 / 22672268 |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Rajesh Babulal Vardhan |
|
Designation : |
Managing Director |
|
Address : |
A/10 Arvind Kunj, 5 Floor, Opposite Aircondition Market, Tardeo Mumbai
400034, Maharashtra, India |
|
Date of Appointment : |
04.10.2005 |
|
DIN No.: |
00199986 |
|
|
|
|
Name : |
Mr. Ramesh Babulal Vardhan |
|
Designation : |
Managing Director |
|
Address : |
A/10, Arvind Kunj, 77 Tardeo Road Mumbai-400034, Maharashtra,
India |
|
Date of Appointment : |
04.10.2005 |
|
DIN No.: |
00207488 |
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|
|
|
Name : |
Mr. Anshul Ghanshyam Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
122-A , 13 Floor, Jolly Maker 3, Cuffe Parade, Mumbai - 400005,
Maharashtra, India |
|
Date of Appointment : |
31.12.2005 |
|
DIN No.: |
00366622 |
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|
|
|
Name : |
Mr. Arvind Kumar Kothari |
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Designation : |
Director |
|
Address : |
30, Naviwadi, Shri Maheshwari CHS, 2nd Floor, Narayan Niwas, Room No.
21, Mumbai - 400002, Maharashtra, India
|
|
Date of Appointment : |
20.11.2006 |
|
DIN No.: |
02169509 |
|
|
|
|
Name : |
Mr. Shailesh Jogani |
|
Designation : |
Director |
|
Address : |
103, Astral Mansion, Mussa Killedar Street K.K. Marg, Mahalakshmi
(East), Mumbai- 400011, Maharashtra, India
|
|
Date of Appointment : |
09.08.2013 |
|
DIN No.: |
06644699 |
|
|
|
|
Name : |
Foram Bhanukumar Mehta |
|
Designation : |
Director |
|
Address : |
A - 502, Rudra Plaza Apartment, Bodakdev, Ahmedabad - 380054, Gujarat,
India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
07140346 |
KEY EXECUTIVES
|
Audit Committee: |
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|
|
|
|
Stakeholders
Relationship Committee: |
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Nomination and
Remuneration Committee: |
|
MAJOR SHAREHOLDERS
As on March, 2018
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % |
|
|
(A) Promoter & Promoter Group |
4368336 |
61.04 |
|
|
(B) Public |
2788264 |
38.96 |
|
|
Grand Total |
7156600 |
100.00 |
Statement showing shareholding pattern of the Promoter and
Promoter Group
|
Category of shareholder |
Total nos. shares held |
Shareholding as a % of total no. of shares (calculated as per SCRR,
1957)As a % |
|
|
A1) Indian |
|||
|
Individuals/Hindu undivided Family |
2518348 |
35.19 |
|
|
Rajesh Babulal Vardhan |
569850 |
7.96 |
|
|
Manju Ramesh Vardhan |
350000 |
4.89 |
|
|
Jyoti Arvind Shah |
320404 |
4.48 |
|
|
Ramesh Babulal Vardhan |
309706 |
4.33 |
|
|
Aruna Rajesh Vardhan |
300000 |
4.19 |
|
|
Jayesh Rasiklal Gandhi |
249447 |
3.49 |
|
|
Arvind Babulal Shah |
153049 |
2.14 |
|
|
Arti Jayesh Gandhi |
136092 |
1.90 |
|
|
Sanjiv Puri |
72000 |
1.01 |
|
|
Riki Puri |
32100 |
0.45 |
|
|
Payal A Shah |
25550 |
0.36 |
|
|
Bharatbhai Babulal Shah |
150 |
0.00 |
|
|
Any Other (specify) |
1389988 |
19.42 |
|
|
Vardhan Capital & Finance Limited |
1189063 |
16.61 |
|
|
Bluestock Investments Private Limited |
200925 |
2.81 |
|
|
Sub Total A1 |
3908336 |
54.61 |
|
|
A2) Foreign |
0.00 |
||
|
Individuals (NonResident Individuals/
Foreign Individuals) |
460000 |
6.43 |
|
|
Kanaiyalal Joitaram Patel |
460000 |
6.43 |
|
|
Sub Total A2 |
460000 |
6.43 |
|
|
A=A1+A2 |
4368336 |
61.04 |
Statement showing shareholding pattern of the Public
shareholder
|
Category & Name of the Shareholders |
Total no. shares held |
Shareholding % calculated as per SCRR, 1957 As a % |
|
|
B1) Institutions |
|
||
|
B2) Central Government/ State
Government(s)/ President of India |
|
||
|
B3) Non-Institutions |
0.00 |
||
|
Individual share capital upto INR 0.200
million |
1082848 |
15.13 |
|
|
Individual share capital in excess of INR
0.200 million |
883141 |
12.34 |
|
|
Amarsinh Bhilabhai Chaudhry |
75000 |
1.05 |
|
|
Jayant Bhawanji Soni |
152050 |
2.12 |
|
|
Nirmala R Gandhi |
126050 |
1.76 |
|
|
Sonam Suresh Haran |
79363 |
1.11 |
|
|
Any Other (specify) |
822275 |
11.49 |
|
|
HUF |
44143 |
0.62 |
|
|
Non-Resident Indian (NRI) |
139072 |
1.94 |
|
|
Clearing Members |
8193 |
0.11 |
|
|
Bodies Corporate |
630867 |
8.82 |
|
|
Joy Homecreation Ltd |
324363 |
4.53 |
|
|
Rosebud Projects Private Limited |
150000 |
2.10 |
|
|
Sub Total B3 |
2788264 |
38.96 |
|
|
B=B1+B2+B3 |
2788264 |
38.96 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into construction and allied activities (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 : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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|
Name : |
Amar Bafna and Associates Chartered Accountants |
|
Address : |
201, Apollo Chambers Premise CHS Mogra Village, Old Nagardas Road, Andheri (West), Mumbai – 400 058, Maharashtra, India |
|
Tel. No.: |
91-22-282093171/70 |
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E-Mail : |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related
Parties: |
|
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7156600 |
Equity Shares |
INR 10/- each |
INR 71.566 Million |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7156600 |
Equity Shares |
INR 10/- each |
INR 71.566 Million |
|
|
Add: Forfeited Shares (Amount Originally Paid Up) |
|
INR 1.570 Million |
|
|
Total |
|
INR 73.136
Million |
Reconciliation
of number of shares
|
Particulars |
As at 31.03.2017 |
|
|
|
No
of Shares |
Amount
in INR |
|
Balance
as at beginning of the year |
7156600 |
71.566 |
|
Add:
Shares issued during the year |
|
|
|
Balance
as at the end of the year |
7156600 |
71.566 |
Rights, preference
and restrictions attached to shares
The company has one class of equity shares having a par value of INR 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors, except in the case of interim dividend, is subject to the approval of the shareholders in the ensuing Annual General Meeting, In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.
Details of shares
held by shareholders holding more than 5% of the aggregate shares in the
Company
|
Particulars |
As at 31.03.2017 |
|
|
No of Shares |
Percentage of Holding |
|
|
Vardhan Capital & Finance Limited |
1189063 |
16.61 |
|
Rajesh B. Vardhan |
569850 |
7.96 |
|
Kanaiyalal J. Patel |
404900 |
5.66 |
FINANCIAL DATA
[all figures are
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 |
73.136 |
73.136 |
73.136 |
|
(b) Reserves & Surplus |
(139.863) |
(158.137) |
(152.642) |
|
(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) |
(66.727) |
(85.001) |
(79.506) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
1.351 |
1.418 |
1.537 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.158 |
0.137 |
|
Total Non-current
Liabilities (3) |
1.351 |
1.576 |
1.674 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
158.838 |
174.533 |
169.965 |
|
(b) Trade payables |
7.295 |
7.362 |
7.378 |
|
(c) Other
current liabilities |
16.765 |
17.641 |
17.647 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
182.898 |
199.536 |
194.990 |
|
|
|
|
|
|
TOTAL |
117.522 |
116.111 |
117.158 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
7.253 |
7.738 |
8.224 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7.253 |
7.738 |
8.224 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
59.486 |
59.486 |
59.569 |
|
(d) Cash
and cash equivalents |
5.787 |
5.609 |
5.504 |
|
(e)
Short-term loans and advances |
44.996 |
43.278 |
43.861 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
110.269 |
108.373 |
108.934 |
|
|
|
|
|
|
TOTAL |
117.522 |
116.111 |
117.158 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
25.000 |
0.000 |
1.648 |
|
|
Other Income |
0.518 |
0.521 |
1.554 |
|
|
TOTAL |
25.518 |
0.521 |
3.202 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Materials Consumed |
0.000 |
0.000 |
0.299 |
|
|
Construction and
Operating Expenses |
0.012 |
0.016 |
0.220 |
|
|
Employees benefits expense |
0.003 |
0.774 |
0.892 |
|
|
Other expenses |
4.261 |
2.394 |
2.112 |
|
|
TOTAL |
4.276 |
3.184 |
3.523 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
21.242 |
(2.663) |
(0.321) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.550 |
2.466 |
2.632 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
18.692 |
(5.129) |
(2.953) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.485 |
0.485 |
0.485 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
18.207 |
(5.614) |
(3.438) |
|
|
|
|
|
|
|
Less |
TAX |
(0.067) |
(0.119) |
0.297 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
18.274 |
(5.495) |
(3.735) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.55 |
(0.77) |
(0.52) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
18.064 |
(2.449) |
(0.297) |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
20.000 |
NA |
NA |
|
Total Expenditure |
18.710 |
0.120 |
0.190 |
|
PBIDT (Excl OI) |
1.290 |
(0.120) |
(0.190) |
|
Other Income |
NA |
NA |
NA |
|
Operating Profit |
1.290 |
(0.110) |
(0.190) |
|
Interest |
0.550 |
0.510 |
0.460 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
0.740 |
(0.620) |
(0.650) |
|
Depreciation |
0.120 |
0.120 |
0.120) |
|
Profit Before Tax |
0.610 |
(0.740) |
(0.770) |
|
Tax |
(0.030 |
NA |
NA |
|
Provisions and
contingencies |
NA |
NA |
NA |
|
Profit After Tax |
0.640 |
(0.740) |
(0.770) |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
0.640 |
(0.740) |
(0.770) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
868.50 |
0.00 |
13193.38 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.42 |
0.00 |
0.03 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
9006.59 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.93 |
(0.34) |
(0.04) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.56 |
1.72 |
1.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(2.38) |
(2.05) |
(2.14) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(2.74) |
(2.35) |
(2.45) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(0.11) |
(0.09) |
(0.10) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
8.33 |
(1.08) |
(0.12) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
73.10 |
0.00 |
(226.64) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
15.55 |
(4.73) |
(3.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(27.39) |
6.46 |
4.70 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.60 |
0.54 |
0.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.60 |
0.54 |
0.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.57) |
(0.73) |
(0.68) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2.17 |
2.39 |
2.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.60 |
0.54 |
0.56 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
STOCK
PRICES
|
Face Value |
INR 10/- |
|
Market Value |
INR 5.67 |
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 |
73.136 |
73.136 |
73.136 |
|
Reserves & Surplus |
(152.642) |
(158.137) |
(139.863) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(79.506) |
(85.001) |
(66.727) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
169.965 |
174.533 |
158.838 |
|
Total
borrowings |
169.965 |
174.533 |
158.838 |
|
Debt/Equity
ratio |
(2.138) |
(2.053) |
(2.380) |
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 |
|
Total Income |
3.202 |
0.521 |
25.518 |
|
|
|
(83.729) |
4797.889 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
3.202 |
0.521 |
25.518 |
|
Profit/(Loss) |
(3.735) |
(5.495) |
18.274 |
|
|
(116.65)% |
(1054.70)% |
71.61% |
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 |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
COMPANY’S AFFAIRS
During the financial year 2016-2017, the Company has earned net profit of INR 18.273 million as compared to net loss of INR 5.495 million incurred during the previous financial year 2015-2016.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Inter corporate deposit from related parties |
|
|
|
Vardhman Growmore Developers Private Limited |
52.818 |
52.114 |
|
Vardhman Home Developers Private Limited |
52.820 |
52.117 |
|
Strok Realtors Private Limited |
46.256 |
63.358 |
|
Diviniti –A Joint Venture Concern |
6.944 |
6.944 |
|
Total |
158.838 |
174.533 |
STATEMENT
OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED
31.12.2017
|
PARTICULARS |
Quarter ended
|
9 Months |
|
|
|
31.12.2017 |
30.09.2017 |
31.12.2017 |
|
|
[Unaudited] |
[Unaudited] |
[Unaudited] |
|
1. Income from Operations |
|
|
|
|
Revenue from operations |
0.000 |
0.000 |
20.000 |
|
Other Operating Income |
0.000 |
0.000 |
0.000 |
|
Total income from operations (net) |
0.000 |
0.000 |
20.000 |
|
|
|
|
|
|
Expenses |
|
|
|
|
Cost of materials consumed |
0.000 |
0.000 |
0.000 |
|
Purchases of stock-in trade |
0.000 |
0.000 |
0.000 |
|
Depreciation and Amortization Expenses |
0.121 |
0.121 |
0.364 |
|
Other Expenses |
0.193 |
0.115 |
19.021 |
|
Finance Costs |
0.465 |
0.507 |
1.464 |
|
Total expenses |
0.779 |
0.743 |
20.849 |
|
Profit/ (Loss) from ordinary activities after finance cost but before
exceptional items |
(0.779) |
(0.743) |
(0.849) |
|
Exceptional items |
-- |
-- |
-- |
|
Profit/ (Loss) before tax |
(0.779) |
(0.743) |
(0.849) |
|
Tax expenses |
0.000 |
0.000 |
(0.029 |
|
Net Profit / (Loss) after tax |
(0.779) |
(0.743) |
(0.820) |
|
Total Comprehensive
Income |
(0.779) |
(0.743) |
(0.820) |
|
Paid up equity share capital (Face Value of INR 10/-each) |
|
|
|
|
Earnings per share (before extraordinary items) of INR 10/- each (not
annualized): |
|
|
|
|
(a) Basic |
(0.11) |
(0.10) |
(0.11) |
|
(b) Diluted |
(0.11) |
(0.10) |
(0.11) |
Notes:
1. The above said results have been considered and taken on record by the board of directors at a meeting held on 14/02/2018.
2. The Company has adopted the Indian Accounting Standards (Ind AS) from 01st
April, 2017 and these financial results have been prepared in accordance with
the Companies (Indian Accounting Standards) Rules, 2015 ("Ind AS")
prescribed under Section 133 of the Companies Act, 2013 and other accounting
principles generally accepted in India The format of unaudited quarterly
results as prescribed by SEBI's Circular CIR/CFD/CMD/15/2015 dated 30th November,
2015 has been modified to comply with the requirements of SEBI Circular dated
05th July, 2016, Ind AS and Schedule III to the Companies Act, 2013
3. The company does not have more than one reportable segment in line with AS
17 issued by ICAI and hence segmental information is not given.
4. Figures of previous period/ year have been regrouped/rearranged wherever
necessary, in order to make them comparable.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
Y10259993 |
90160223 |
CITICORP FINANCE INDIA LTD. |
03/11/2003 |
- |
- |
627000.0 |
2ND FLOOR; CITITOWER61; DR. S.S.RAO ROAD; PAREL MUMBAI-400012 MAHARASHTRA INDIA |
|
2 |
Y10256574 |
90156804 |
UNITED BANK OF INDIA |
15/03/1998 |
- |
- |
4500000.0 |
25; SIR P.M. ROAD MUMBAI – 400001 MAHARASHTRA INDIA |
|
3 |
Y10254698 |
90154928 |
UNITED BANK OF INDIA |
08/07/1992 |
- |
- |
7500000.0 |
25; SIR P.M. ROAD MUMBAI – 400001 MAHARASHTRA INDIA |
|
4 |
Y10255517 |
90155747 |
UNITED BANK OF INDIA |
15/03/1990 |
09/12/1994 |
- |
4500000.0 |
25; SIR P.M. ROAD MUMBAI – 400001 MAHARASHTRA INDIA |
|
5 |
C31307564 |
90158349 |
Indian Overseas Bank |
24/03/2004 |
17/10/2005 |
07/10/2014 |
33500000.0 |
CHWDANAGAR MUMBAI MAHARASHTRA INDIA |
|
6 |
C31336845 |
90160279 |
Indian Overseas Bank |
24/03/2004 |
11/07/2005 |
07/10/2014 |
33500000.0 |
CHHIDA NAGAR MUMBAI MAHARASHTRA INDIA |
|
7 |
B78045614 |
90157791 |
DEVELOPMENT CREDIT BANK LTD. |
25/09/2001 |
- |
22/06/2013 |
3500000.0 |
MAHIM BRANCH MUMBAI-400016 MAHARASHTRA INDIA |
|
8 |
B78047230 |
90158252 |
DEVELOPMENT CREDIT BANK LTD. |
23/10/2003 |
- |
22/06/2013 |
2500000.0 |
CREDIT ADMINISTRATION DEPT. MUMBAI MAHARASHTRA INDIA |
|
9 |
B78047743 |
90158271 |
DEVELOPMENT CREDIT BANK LTD. |
27/11/2003 |
- |
22/06/2013 |
2500000.0 |
CREDIT ADMINISTRATION DEPT.MUMBAI MAHARASHTRA INDIA |
|
10 |
B78039773 |
80042216 |
DEVELOPMENT CREDIT BANK LIMITED |
01/07/1997 |
31/01/2008 |
22/06/2013 |
5000000.0 |
301,TRADE PLAZA,414,VEER SAVARKAR MARG, PRABHADEVI BR., MAZGOAN MUMBAI-400010 MAHARASHTRA INDIA |
FIXED ASSETS
- Land – Freehold
- Factory Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.