|
|
|
MIRA INFORM REPORT
|
Report No. : |
508340 |
|
Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
BESTECH INDIA PRIVATE LIMTIED |
|
|
|
|
Registered
Office : |
Unit No.5D, 5th Floor, Assets Area – 4, Delhi Aerocity Hospitality District, New Delhi – 110037 |
|
Tel. No.: |
91-124-4540000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.05.2001 |
|
|
|
|
Com. Reg. No.: |
55-110996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 657.882 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999DL2001PTC110996 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB6551B |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged into real estate activities (Registered Activity) |
|
|
|
|
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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 10780000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2001 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 decent profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with average debt coverage indicators and decent liquidity position. Rating also takes into account the significant experience of its promoters in construction and real estate business. Further, rating strength is partially offset by exposure to geographical concentration risks and huge working capital intensive nature of operations. 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 |
ICRA |
|
Rating |
Long term rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
29.11.2017 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
29.11.2017 |
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 10.05.2018
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.:91-124-4540000)
LOCATIONS
|
Registered Office : |
Unit No.5D, 5th Floor, Assets Area – 4, Delhi Aerocity Hospitality District, New Delhi – 110037, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office: |
Plot 51, Bhagwan Mahaveer Marg, Sector 44, Gurugram -122002, Haryana, India |
|
Tel. No.: |
91-124-4540000 |
|
Fax No.: |
91-124-4540033 |
|
|
|
|
Branch Office: |
Industrial Plot No.1, (Focal Point) Phase-9, Sector-66, Mohali-160059, Chandigarh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sunil Satija |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-125 Sushant Lok – I, Gurugram
-122001, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.03.1963 |
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Date of Appointment : |
25.05.2001 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
ABMPS3651C |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01095953 |
||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dharamendra Bhandari |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
A-126 Sushant Lok – I, Gurugram
-122002, Haryana, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1961 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.05.2001 |
||||||||||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AAMPB8964A |
||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01096211 |
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Other Directorship:
|
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Amit Saran |
|
Designation : |
Company Secretary |
|
Address : |
P-7095, Devendra Vihar,
Sector-56, New Delhi -122002, India |
|
Date of Birth/Age : |
16.04.1974 |
|
Date of Appointment : |
23.10.2006 |
|
PAN No.: |
BINPS9266G |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dharamendra Bhandari |
|
25259860 |
|
Sunil Satija |
|
25259860 |
|
Mamta Bhandari |
|
2033031 |
|
Meenu Satija |
|
2033031 |
|
Daksh Bhandari |
|
2843000 |
|
Kavya Satija |
|
1493000 |
|
Kavish Satija |
|
1350000 |
|
Dharamendra Bhandari (HUF) |
|
180676 |
|
Sunil Satija (HUF) |
|
180676 |
|
Hiteshi Leasing and Housing Private Limited |
|
3519361 |
|
Micro Management Ltd |
|
296280 |
|
Jalan Cement Works Limited |
|
69245 |
|
Bhatia Hire Purchase Private Limited |
|
250000 |
|
Select Infinlease Private Limited |
|
575000 |
|
aarone Builtech Private Limited |
|
17000 |
|
Amelia Tie –Up Private Limited |
|
2800 |
|
Madhu Soni |
|
15000 |
|
Anju Arora |
|
6560 |
|
Sachin Bhatia |
|
1205 |
|
Ankhi Das |
|
28000 |
|
Yog Raj Arora |
|
28590 |
|
Aarone Infrastructure Private Limited |
|
20000 |
|
Prerana International Private Limited |
|
6000 |
|
Homender Kumar Arora |
|
2000 |
|
Jagmohan Krishan Dang |
|
317976 |
|
Total |
|
65788151 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
92.16 |
|
Promoters (Body corporate) |
5.80 |
|
Public/Other than promoters (Individual/Hindu Undivided Family – Indian) |
0.61 |
|
Public/Other than promoters (Body corporate) |
1.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into real estate activities (Registered Activity) |
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Products / Services
: |
|
||||
|
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|
||||
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Brand Names : |
Not Available |
||||
|
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|
||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
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Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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|
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Bankers : |
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|
|
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Sanjay and Deepak Chartered Accountants |
|
Address : |
638 A/7, 2nd Floor, Govind Puri, Kalkaji, New Delhi-110019, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS1426P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant
influence of or are partners with key management personnel and their
relatives: |
|
|
|
|
|
Subsidiary Company |
|
CAPITAL STRUCTURE
As on 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75735000 |
Equity Shares |
INR 10/- each |
INR 757.350 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65788151 |
Equity Shares |
INR 10/- each |
INR 657.882 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
657.882 |
657.882 |
633.938 |
|
(b) Reserves and Surplus |
3113.800 |
2965.332 |
2597.789 |
|
(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) |
3771.682 |
3623.214 |
3231.727 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4819.571 |
3551.683 |
2502.729 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
214.968 |
209.929 |
330.246 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
5034.539 |
3761.612 |
2832.975 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term borrowings |
356.638 |
550.819 |
741.155 |
|
(b) Trade
payables |
802.595 |
768.337 |
615.525 |
|
(c) Other
current liabilities |
8679.977 |
9572.708 |
10077.758 |
|
(d) Short-term
provisions |
75.000 |
70.492 |
98.803 |
|
Total Current
Liabilities (4) |
9914.210 |
10962.356 |
11533.241 |
|
|
|
|
|
|
TOTAL |
18720.431 |
18347.182 |
17597.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
80.251 |
94.713 |
127.212 |
|
(ii) Intangible
Assets |
17.258 |
23.779 |
5.006 |
|
(iii) Tangible assets
capital work-in-progress |
45.267 |
31.735 |
14.939 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
153.398 |
156.428 |
73.417 |
|
(c) Deferred tax assets (net) |
13.393 |
7.561 |
10.508 |
|
(d)
Long-term loans and advances |
631.400 |
538.337 |
642.423 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
940.967 |
852.553 |
873.505 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15893.369 |
14728.092 |
14151.739 |
|
(c) Trade
receivables |
1001.053 |
1572.681 |
1572.876 |
|
(d) Cash and
bank balances |
410.380 |
588.702 |
562.226 |
|
(e) Short-term
loans and advances |
45.299 |
31.197 |
32.021 |
|
(f) Other
current assets |
429.363 |
573.957 |
405.576 |
|
Total
Current Assets |
17779.464 |
17494.629 |
16724.438 |
|
|
|
|
|
|
TOTAL |
18720.431 |
18347.182 |
17597.943 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
2572.640 |
4189.310 |
3025.584 |
|
|
Other Income |
284.870 |
285.581 |
325.572 |
|
|
TOTAL |
2857.510 |
4474.891 |
3351.156 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1.647 |
1.232 |
34.968 |
|
|
Purchases of
Stock-in-Trade |
3121.924 |
3921.024 |
4667.567 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1165.277) |
(576.352) |
(2276.371) |
|
|
Employee benefit expense |
105.446 |
90.209 |
129.040 |
|
|
CSR expenditure |
0.120 |
2.020 |
0.000 |
|
|
Other expenses |
344.267 |
422.669 |
329.415 |
|
|
TOTAL |
2408.127 |
3860.802 |
2884.619 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
449.383 |
614.089 |
466.537 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
201.251 |
384.813 |
144.183 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
248.132 |
229.276 |
322.354 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
30.496 |
39.882 |
53.820 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
217.636 |
189.394 |
268.534 |
|
|
|
|
|
|
|
Less |
TAX |
69.168 |
73.427 |
88.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
148.468 |
115.967 |
179.817 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
2.26 |
1.76 |
2.84 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
442.584 |
738.439 |
788.762 |
|
Net cash flows from (used in) operations |
(311.259) |
(95.129) |
(2333.859) |
|
Net cash flows from (used in) operating activities |
(219.275) |
167.236 |
(2397.942) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
142.03 |
137.02 |
189.75 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.57 |
2.66 |
1.92 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
93.79 |
71.50 |
47.78 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.03 |
0.04 |
0.03 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.15 |
4.09 |
3.17 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.81 |
0.83 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.49 |
1.34 |
1.25 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.63 |
3.03 |
3.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.04 |
0.04 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.23 |
1.60 |
3.24 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.77 |
2.77 |
5.94 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.79 |
0.63 |
1.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.94 |
3.20 |
5.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.79 |
1.60 |
1.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.19 |
0.25 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.20 |
0.20 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
8.54 |
7.36 |
6.36 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.79 |
1.60 |
1.45 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
633.938 |
657.882 |
657.882 |
|
Reserves & Surplus |
2597.789 |
2965.332 |
3113.800 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3231.727 |
3623.214 |
3771.682 |
|
|
|
|
|
|
Long-term borrowings |
2502.729 |
3551.683 |
4819.571 |
|
Short term borrowings |
741.155 |
550.819 |
356.638 |
|
Current maturities of
long-term debts |
788.762 |
738.439 |
442.584 |
|
Total
borrowings |
4032.646 |
4840.941 |
5618.793 |
|
Debt/Equity
ratio |
1.248 |
1.336 |
1.490 |
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 |
3025.584 |
4189.310 |
2572.640 |
|
|
|
38.463 |
(38.590) |
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 |
3025.584 |
4189.310 |
2572.640 |
|
Profit/ (Loss) |
179.817 |
115.967 |
148.468 |
|
|
5.94
% |
2.77
% |
5.77
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
657.882 |
657.882 |
|
(b) Reserves and Surplus |
|
3157.846 |
3000.524 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
3815.728 |
3658.406 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5125.451 |
3838.450 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
225.683 |
225.305 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
5351.134 |
4063.755 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
356.638 |
550.819 |
|
(b) Trade
payables |
|
722.554 |
709.852 |
|
(c) Other
current liabilities |
|
8804.731 |
9772.711 |
|
(d) Short-term
provisions |
|
79.676 |
82.916 |
|
Total Current
Liabilities (4) |
|
9963.599 |
11116.298 |
|
|
|
|
|
|
TOTAL |
|
19170.852 |
18877.161 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
100.072 |
114.535 |
|
(ii)
Intangible Assets |
|
22.461 |
23.779 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
70.381 |
63.340 |
|
(b) Non-current Investments |
|
30.299 |
33.439 |
|
(c) Deferred tax assets (net) |
|
13.393 |
7.561 |
|
(d)
Long-term loans and advances |
|
316.600 |
223.537 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
553.206 |
466.191 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
16706.792 |
15595.403 |
|
(c) Trade
receivables |
|
1001.842 |
1573.797 |
|
(d) Cash and
bank balances |
|
417.861 |
593.298 |
|
(e)
Short-term loans and advances |
|
54.403 |
58.175 |
|
(f) Other
current assets |
|
436.748 |
590.297 |
|
Total
Current Assets |
|
18617.646 |
18410.970 |
|
|
|
|
|
|
TOTAL |
|
19170.852 |
18877.161 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
2685.129 |
4600.461 |
|
|
Other Income |
|
297.525 |
270.752 |
|
|
TOTAL |
|
2982.654 |
4871.213 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
1.647 |
1.232 |
|
|
Purchases of
Stock-in-Trade |
|
3129.051 |
3976.210 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(1111.390) |
(320.636) |
|
|
Employee benefit expense |
|
117.699 |
98.803 |
|
|
Other expenses |
|
351.606 |
433.836 |
|
|
TOTAL |
|
2488.613 |
4189.445 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
494.041 |
681.768 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
229.224 |
414.286 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
264.817 |
267.482 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
31.797 |
39.882 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
233.020 |
227.600 |
|
|
|
|
|
|
|
Less |
TAX |
|
73.844 |
85.851 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
159.176 |
141.749 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
2.42 |
2.15 |
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 |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
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 |
NOTE: Registered office of the company has been
shifted from 1/2873, Ram Nagar Extloni Road, Shahdara, Delhi, India to the present address w.e.f. 12.10.2013
BUSINESS PROGRESS
The Company has earned a net profit of INR 148.468 million for the year ended 31st March, 2017.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate deposits |
613.238 |
457.997 |
|
Loans and advances from related parties |
571.880 |
490.923 |
|
Total |
1185.118 |
948.920 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G86248572 |
100173266 |
KOTAK MAHINDRA PRIME LIMITED |
06/04/2018 |
- |
- |
20000000.0 |
IST FLOOR, SCO 61, OLD JUDICIAL COMPLEX,SECTOR-15, GURUGRAM -122001 HARYANA INDIA |
|
2 |
G83830612 |
100168935 |
IDBI TRUSTEESHIP SERVICES LIMITED |
16/03/2018 |
- |
- |
1000000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAI-400001 MAHARASHTRA INDIA |
|
3 |
G52913035 |
100121543 |
AXIS BANK LTD. |
18/05/2017 |
- |
- |
700000000.0 |
2ND FLOOR, RED FORT CAPITAL, PARSVNATH TOWERS,GOLE MARKET, BHAI VEER SINGH MARG,NEW DELHI-110001 INDIA |
|
4 |
G85027977 |
100121199 |
IDBI TRUSTEESHIP SERVICES LIMITED |
02/12/2016 |
02/04/2018 |
- |
1350000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBA 400001 MAHARASHTRA INDIA |
|
5 |
G29395860 |
100065671 |
HDFC BANK LIMITED |
31/08/2016 |
- |
- |
4964698.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARGLOWER PAREL W MUMBAI-400013 MAHARASHTRA INDIA |
|
6 |
G10248250 |
100052256 |
CORPORATION BANK |
03/06/2016 |
- |
- |
443000.0 |
M 34OLD DLF COLONY ,SECTOR 14 GURUGRAM – 122001 HARYANA INDIA |
|
7 |
G10252047 |
100050381 |
CORPORATION BANK |
30/04/2016 |
- |
- |
880000.0 |
M 34OLD DLF COLONY ,SECTOR 14 GURUGRAM 122001 HARYANA INDIA |
|
8 |
G52378429 |
100024481 |
State Bank of India |
19/03/2016 |
30/08/2017 |
- |
500000000.0 |
SME BRANCH, 59, COMMUNITY CENTREPHASE-I, NARAINANEW DELHI 110028 INDIA |
|
9 |
G85028397 |
10628270 |
IDBI TRUSTEESHIP SERVICES LIMITED |
16/03/2016 |
02/04/2018 |
- |
750000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAI 400001 MAHARASHTRA INDIA |
|
10 |
C81320764 |
10625103 |
ALLAHABAD BANK |
10/03/2016 |
- |
- |
521400000.0 |
565, SECTOR-4, NEW RAILWAY ROAD, GURUGRAM HARYANA INDIA |
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
|
Claims not acknowledged as debt:- |
|
|
Disputed Service Tax demand for which appeal is pending |
50.723 |
|
Disputed income Tax demand for which appeal is pending |
47.383 |
|
Unexpired Bank guarantee |
811.267 |
|
Corporate Guarantee given |
344.766 |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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 66.66 |
|
|
1 |
INR 90.66 |
|
Euro |
1 |
INR 80.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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.
·