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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

507823

Report Date :

10.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

J. P. INFRA (MUMBAI) PRIVATE LIMITED (w.e.f. 06.02.2007)

 

 

Formerly Known As :

VAMA SARUP DEVELOPERS PRIVATE LIMITED

 

 

Registered Office :

4th Floor, 401-402, Viraj Tower, Western Express Highway, Near WEH Metro Station, Andheri (East), Mumbai – 400093, Maharashtra

Tel. No.:

91- 22-42415678

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

10.03.2006

 

 

Com. Reg. No.:

11-160428

 

 

Capital Investment / Paid-up Capital :

INR 300.000 Million

 

 

CIN No.:

[Company Identification No.]

U45200MH2006PTC160428

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AACCV2529A1ZP

 

 

TIN No:

27765241313

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCV2529A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Construction Activity. (Registered activity and also confirmed by management)

 

 

No. of Employees :

200 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Maximum Credit Limit :

USD 1900000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2006 and it is engaged in construction activity.

 

As per financials of March 2017, the company has registered marginal growth in its revenue and has reported decent profit margin.

 

Rating takes into consideration the company’s moderate financial risk profile along with high debt balance sheet and unfavourable gap between its trade payables to its trade receivables.

 

Rating is constrained on account the company’s presence in highly competitive and huge working capital requirement construction industry.

 

However, rating weakness is partially offset by sound net worth base of the company.

 

Payments seems to be slow but correct.

 

In view of aforesaid, the company can be considered for business dealings with some caution.

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

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 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 PARTED BY

 

Name :

Mr. Rana

Designation :

Accountant

Contact No.:

91- 22-42415678

Date :

10.10.2018

 

 

LOCATIONS

 

Registered Office :

4th Floor, 401-402, Viraj Tower, Western Express Highway, Near WEH Metro Station, Andheri (East), Mumbai – 400093, Maharashtra, India

Tel. No.:

91- 22-42415678

Mob. No:

91-9004688122 (Mr. Vikash Khetan)

Fax No.:

91-22- 42415679

E-Mail :

finance@jpinfra.com

sales@jpinfra.com

info@jpinfra.com

Website :

http://www.jpinfra.com

Location:

Rented

Locality:

Commercial

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Virendra Omprakash Agarwal

Designation :

Director

Address :

B-92, Jupiter Tower, Bodakdev, Ahmedabad City, Ahmedabad-380054, Gujarat, India

Date of Birth/Age :

02.01.1964

Qualification :

B.com

Date of Appointment :

30.03.2014

PAN No.:

ABGPA4274P

DIN No:

00510844

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45200MH2006PTC160428

J. P. INFRA (MUMBAI) PRIVATE LIMITED

30/09/2014

-

U70102MH2015PTC263122

SRUSHTI SPACECON DEVELOPERS PRIVATE LIMITED

27/03/2015

-

 

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAC-3435

LAND & TOWERS DEVELOPERS LLP

04/06/2014

14/05/2015

AAD-1490

JP INFRA & SPH CONSTRUCTIONS LLP

06/01/2015

-

AAG-9538

VAST LOGISOLUTIONS LLP

05/01/2018

-

AAL-9203

JETSPEED NETSOL LLP

05/02/2018

-

 

 

Name :

Mr. Shubham Vijaykumar Jain

Designation :

Director

Address :

Flat No 007, 7th Floor, Govind Vihar, Plot No. 55, N.S. Road - 7, JVPD Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India

Date of Birth/Age :

27.03.1988

Qualification :

B E Civil and M.S. in Construction Management from The New York University and graduated from Mumbai University

Date of Appointment :

13.08.2010

PAN No.:

AGTPJ7977Q

DIN No:

01925704

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45200MH2010PTC204651

J P SAMCON REALTY PRIVATE LIMITED

21/12/2011

-

U45200MH2006PTC159293

FOUR D ESTATES PRIVATE LIMITED

30/09/2010

-

U45200MH2006PTC160428

J. P. INFRA (MUMBAI) PRIVATE LIMITED

30/09/2010

-

U45400MH2011PTC222921

FONTUS METCON INFRA PRIVATE LIMITED

12/10/2011

-

U70102MH2015PTC263122

SRUSHTI SPACECON DEVELOPERS PRIVATE LIMITED

27/03/2015

-

U70103MH2017PTC296373

FOURD BUILDSPACE PRIVATE LIMITED

20/06/2017

-

 

 

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAC-3435

LAND & TOWERS DEVELOPERS LLP

04/06/2014

14/05/2015

AAE-5324

SHREE VARDHMAN VENTURES LLP

07/08/2015

-

AAI-4490

JP INFRA ESTATES LLP

03/02/2017

-

AAJ-4985

JP INFRA BUILDCON LLP

24/05/2017

-

AAJ-8464

SHREE AADINATH VENTURES LLP

30/06/2017

-

AAL-5621

SHREE DHARMANATH VENTURES LLP

29/12/2017

-

 

 

KEY EXECUTIVES

 

Name :

Nishant Jawasa & Associates

Designation :

Company Secretaries

Address :

A/103, New Ankur CHS Limited, 32 Bhardawadi Lane, Off J. P. Road, Andheri (West), Mumbai-400058, Maharashtra, India

Tel. No:

91-22-26771289/ 26781209

Email:

njawasa@yahoo.co.in

 

 

Name :

Mr. Avinash Ramgopal Sharma

Designation :

Company Secretary

Address :

B-601, Suraj Height Co-Operative Housing Society,  Near Fly Over Golden Nest, Bhayander (East), Thane-401105, Maharashtra, India

Date of Appointment :

06.03.2017

DIN No:

CCJPS7028H

 

 

Name :

Mr. Rana

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

No. of Equity Shares

No. of Preference Shares

Four D Estates Private Limited

9999960

200000

Four D Estates Private Limited Jointly With Shubham Jain

40

--

Total

10000000

200000

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2017

 

Category

Percentage

Promoters (Body corporate)

100.00

Total 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Construction Activity. (Registered activity and also confirmed by management)

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

 

Selling :

Cheque (RTGS/NEFT)

 

 

Purchasing :

Cheque (RTGS/NEFT)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Resil Chemical, Bangalore

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Wholesalers and Retailers

 

Reference :

Ganga Acrowool, Punjab

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :

Banker Name :

Allahabad Bank

Branch :

Juhu Ville Parle Branch, Mumbai – 400049, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

91-22-26202584

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

Continuously Ringing

 

Banker Name :

ICICI Bank Limited

Branch :

Juhu Ville Parle Branch, Mumbai – 400049, Maharashtra, India

Person Name (With Designation) :

--

Contact Number :

91-22-67574314/ 4322

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

Continuously Ringing

 

 

  • Central Bank of India, Chander Mukhi, Ground Floor, Nariman Point, Mumbai  -400021, Maharashtra, India

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Non-convertible debentures others

2036.466

1110.910

Term loans from others

1423.496

429.327

Loans taken for vehicles

16.385

7.936

Short-term borrowings

0.000

0.000

Loans repayable on demand from banks

68.520

30.631

Total

3544.867

1578.804

 

Auditors :

 

Name :

SGCO and Company

Chartered Accountants

Address :

4 A, Kaledonia-HDIL, 2nd Floor Sahar Road, Near Andheri Station, Andheri (East) Mumbai-400069, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

AAAFS7106D

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

Four D Estates Private Limited (U45200MH2006PTC159293)

 

 

Associate
  • Meera's Land Developers Private Limited (U70101MH2006PTC160238)
  • Oneup Developers Private Limited (U45200MH2006PTC160195)
  • Srushti Raj Enterprises LLP

JP Infra Indore LLP

 

 

Subsidiary
  • Definite Real Estates Private Limited (U45400MH2011PTC223127)
  • J.P. Infra (India) Private Limited (U45200MH2006PTC161594)
  • Kazi Realtors Private Limited (U45202MH2011PTC220209)
  • Skylark Realtors Private Limited (U45200MH2010PTC206022)
  • J P Samcon Realty Private Limited (U45200MH2010PTC204651)
  • Fontus Metcon Infra Private Limited (U45400MH2011PTC222921)
  • Tritonia Buildcon and Infra Private Limited (U74999MH2016PTC284764)
  • J.P. Infra Developers Private Limited (U45400MH2010PTC205367)

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives
  • Mumbai Shelter Housing Development
  • Shree Mahalaxmi Developers
  • J P Infra Constructions
  • JP Infra Developers
  • Shree Ganesh Developers
  • J P Infra Realtors

 

 

 

Fellow Subsidiary company
  • J. P. Infra Constructions Private Limited (U45500MH2016PTC287796)
  • J.P. Infra Builders and Developers Private Limited (U45100MH2016PTC288036)

 

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000000

Equity Shares

INR 10/- each

INR 100.000 Million

200000

Redeemable Cumulative Preferences Shares

INR 1000/- each

INR 200.000 Million

 

Total

 

INR 300.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000000

Equity Shares

INR 10/- each

INR 100.000 Million

200000

Redeemable Cumulative Preferences Shares

INR 1000/- each

INR 200.000 Million

 

Total

 

INR 300.000 Million

 

 

 

FINANCIAL DATA

[all figures are in Rupees 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

300.000

300.000

300.000

(b) Reserves and Surplus

377.458

313.407

253.970

(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)

677.458

613.407

553.970

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

3476.347

1548.173

68.814

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

365.622

60.100

60.100

(d) long-term provisions

4.156

2.229

0.000

Total Non-current Liabilities (3)

3846.125

1610.502

128.914

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

282.752

70.174

266.441

(b) Trade payables

220.648

108.465

144.250

(c) Other current liabilities

1552.688

1302.603

1301.694

(d) Short-term provisions

0.209

14.452

10.303

Total Current Liabilities (4)

2056.297

1495.694

1722.688

 

 

 

 

TOTAL

6579.880

3719.603

2405.572

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

66.203

41.101

14.546

(ii) Intangible Assets

3.560

2.159

0.000

(iii) Tangible assets capital work-in-progress

9.650

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

504.771

1106.923

171.484

(c) Deferred tax assets (net)

6.685

4.903

3.515

(d) Long-term loans and advances

91.660

56.954

166.121

(e) Other Non-current assets

74.727

51.352

9.128

Total Non-Current Assets

757.256

1263.392

364.794

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

2038.106

1137.640

1155.251

(c) Trade receivables

638.254

274.417

132.945

(d) Cash and bank balances

246.032

170.241

101.757

(e) Short-term loans and advances

2900.232

873.913

650.825

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

5822.624

2456.211

2040.778

 

 

 

 

TOTAL

6579.880

3719.603

2405.572

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Total Revenue from operations

1216.279

1198.357

868.614

 

Other Income

271.175

102.957

25.203

 

TOTAL

1487.454

1301.314

893.817

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

684.372

800.058

671.488

 

Employee benefit expense

116.779

57.407

30.336

 

CSR expenditure

1.100

0.000

0.000

 

Other expenses

185.280

107.765

61.625

 

Prior period items

0.000

1.530

0.000

 

Exceptional items

(27.500)

0.000

0.000

 

TOTAL

960.031

966.760

763.449

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

527.423

334.554

130.368

 

 

 

 

 

Less

FINANCIAL EXPENSES

418.161

241.686

72.820

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

109.262

92.868

57.548

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

18.919

10.220

7.345

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

90.343

82.648

50.203

 

 

 

 

 

Less

TAX

26.292

23.211

20.819

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

64.051

59.437

29.384

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

6.41

5.94

2.95

 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

468.504

566.499

788.213

 

 

 

 

Net cash flows from (used in) operations

(2318.725)

79.538

(41.304)

 

 

 

 

Net cash flows from (used in) operating activities

(2383.960)

58.944

(66.347)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

[Sundry Debtors / Income * 365]

 

191.54

83.58

55.86

 

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

 

1.91

4.37

6.53

 

 

 

 

 

Average Payment Days [Sundry Creditors / Purchases * 365]

 

117.68

49.48

78.41

 

 

 

 

 

Inventory Turnover [Operating Income / Inventories]

 

0.26

0.29

0.11

 

 

 

 

 

Asset Turnover [Operating Income / Net Fixed Assets]

 

6.64

7.73

8.96

 

LEVERAGE RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio [(Borrowing + Current Liabilities) / Total Assets]

 

0.91

0.97

1.07

 

 

 

 

 

Debt Equity Ratio (Borrowings / NetWorth)

 

6.24

3.56

2.03

 

 

 

 

 

Current Liabilities to Networth (Current Liabilities / NetWorth)

 

3.04

2.44

3.11

 

 

 

 

 

Fixed Assets to NetWorth (Net Fixed Assets / NetWorth)

 

0.12

0.07

0.03

 

 

 

 

 

Interest Coverage Ratio [PBIT / Financial Charges]

 

1.26

1.38

1.79

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin [(PAT / Sales) * 100]

(%)

5.27

4.96

3.38

 

 

 

 

 

Return on Total Assets [(PAT / Total Assets) * 100]

(%)

0.97

1.60

1.22

 

 

 

 

 

Return on Investment (ROI) [(PAT / NetWorth) * 100]

(%)

9.45

9.69

5.30

 

SOLVENCY RATIO

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio [Current Assets / Current Liabilities]

 

2.83

1.64

1.18

 

 

 

 

 

Quick Ratio [(Current Assets - Inventories) / Current Liabilities]

 

1.84

0.88

0.51

 

 

 

 

 

G-Score Ratio Financial [NetWorth / Total Assets]

 

0.10

0.16

0.23

 

 

 

 

 

G-Score Ratio Debt [Debts / Equity Capital]

 

14.09

7.28

3.74

 

 

 

 

 

G-Score Ratio Liquidity [Total Current Assets / Total Current Liabilities]

 

2.83

1.64

1.18

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

300.000

300.000

300.000

Reserves & Surplus

253.970

313.407

377.458

Net worth

553.970

613.407

677.458

 

 

 

 

Long-term borrowings

68.814

1548.173

3476.347

Short term borrowings

266.441

70.174

282.752

Current maturities of long-term debts

788.213

566.499

468.504

Total borrowings

1123.468

2184.846

4227.603

Debt/Equity ratio

2.028

3.562

6.240

 

 

 

 

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

868.614

1198.357

1216.279

 

 

37.962

1.496

 

 

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

868.614

1198.357

1216.279

Profit/ (Loss)

29.384

59.437

64.051

 

3.38 %

4.96 %

5.27 %

 

 

 

 

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

Yes

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

Yes

17

Details of sister concerns

Yes

18

Major suppliers

Yes

19

Major customers

Yes

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 two/ three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

COMPANY’S AFFAIRS:

 

During the period of its operations, the company has recorded Profit / (Loss) before tax of INR 90.343 million. The tax expenses amounted to INR 26.292 million and the resulting Profit / (Loss) after tax amounted to INR 64.051 million, which has been transferred to the balance sheet.

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

Intercorporate deposits

195.037

33.084

Loans and advances from related parties

19.195

6.459

Total

214.232

39.543

 

INDEX OF CHARGES

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G83331884

100168978

JM FINANCIAL CREDIT SOLUTIONS LIMITED

27/03/2018

-

-

400000000.0

7th Floor, Cnergy, Appasaheb Marathe Marg,PrabhadeviMUMBAIMa400025IN

2

G73249609

100146978

CATALYST TRUSTEESHIP LIMITED

18/12/2017

-

-

350000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN

3

G73250565

100148905

CATALYST TRUSTEESHIP LIMITED

18/12/2017

-

-

650000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN

4

G54788997

100125264

CATALYST TRUSTEESHIP LIMITED

18/09/2017

-

-

2240000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN

5

G56095920

100130416

CATALYST TRUSTEESHIP LIMITED

18/09/2017

-

-

1570000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN

6

G53856142

100123742

PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED

31/08/2017

-

-

1000000000.0

4th Floor, Piramal Tower Annexe,Ganpatrao Kadam Marg, Lower ParelMumbaiMa400013IN

7

G53106159

100122888

JM FINANCIAL CREDIT SOLUTIONS LIMITED

23/08/2017

-

-

900000000.0

7th Floor, Cnergy, Appasaheb Marathe Marg,PrabhadeviMUMBAIMa400025IN

8

G45531696

100102049

CATALYST TRUSTEESHIP LIMITED

15/05/2017

-

-

1250000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), KothrudPuneMa411038IN

9

G71622336

100076861

SICOM LIMITED

03/01/2017

-

21/12/2017

200000000.0

SOLITAIRE CORPORATE PARK, BUILDING NO. 4, GURUHARGOVINDJI ROAD, ANDHERI (EAST)MumbaiMa400093IN

10

G71622047

100040497

SICOM LIMITED

05/07/2016

03/01/2017

21/12/2017

500000000.0

SOLITAIRE CORPORATE PARK, BUILDING NO. 4, GURUHARGOVINDJI ROAD, ANDHERI (EAST)MumbaiMa400093IN

 

 

 

FIXED ASSETS

  • Furniture and Fixture
  • Computer
  • Plant and Machinery
  • Vehicle
  • Office equipment
  • Computer Accessories
  • 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 67.38

UK Pound

1

INR 91.07

Euro

1

INR 79.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHY

 

 

Analysis Done by :

VVK

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.