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|
MIRA INFORM REPORT
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Report No. : |
508291 |
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Report Date : |
10.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
TDI
INFRASTRUCTURE LIMITED (w.e.f 05.12.2008) |
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Formerly Known
As : |
TDI INFRASTRUCTURE PRIVATE LIMITED (w.e.f. 22.11.2006) INTIME PROMOTERS PRIVATE LIMITED |
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Registered
Office : |
10, Shaheed Bhagat Singh, Marg, New Delhi – 110001 |
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Tel. No.: |
91-11-43111111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
04.03.1997 |
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Com. Reg. No.: |
55-085551 |
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Capital
Investment / Paid-up Capital : |
INR 2163.288 Million |
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CIN No.: [Company Identification
No.] |
U70102DL1997PLC085551 |
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IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
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TIN No.: |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
07AAACI5799P2ZO |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACI5799P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
· Subject is engaged in the business of promotion, construction, development. Subject company is a Town Planner and Real Estate Agent. [Confirmed by Management] ·
The Company is engaged in the businesss of
real estate. [Registered Activity] |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 15920000 |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1997. It is engaged into
Construction business. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per the available financial of 2016, the revenue of the company has
increased by 1.97% along with average profit margin of 4.36%. The sound financial profile of the company is marked by healthy
networth base along with negligible debt level. The rating takes into consideration the subject’s long established
track record of the business operations along with extensive experience of
its promoters. However, these rating strengths are partially offset by highly
competitive construction industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: The correct
name of the company is “TDI Infrastructure Limited”. |
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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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 [PARTIAL DETAILS]
|
Name : |
Mr. Vinit |
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Designation : |
Front Office Executive |
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Contact No.: |
91-11-43111111 |
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Date : |
08.05.2018 |
LOCATIONS
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Registered Office : |
10, Shaheed Bhagat Singh, Marg, New Delhi – 110001, India |
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Tel. No.: |
91-11-43111111 |
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Fax No.: |
91-11-49133305 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Site Office : |
Near Singhu Border, Kundli TDI City, GT Karnal Road, Sonepat – 131001,
Haryana, India |
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Head Office : |
Customer Support Centre, Vandana Building, Upper Ground
Floor d11, Tolstoy Marg, Connaught
Place, New Delhi – 110001, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ravinder Kumar Taneja |
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Designation : |
Managing Director |
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Address : |
9, Kasturba Gandhi Marg, New Delhi – 110001, India |
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Date of Birth/Age : |
24.10.1965 |
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Qualification : |
Higher Secondary |
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Date of Appointment : |
04.03.1997 |
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PAN No.: |
AAFPT1085M |
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DIN No.: |
00013172 |
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Other Directorship :
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Name : |
Kamal Taneja |
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Designation : |
Director |
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Address : |
28 Prithvi Raj Road, New Delhi – 110011, India |
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Date of Birth/Age : |
14.12.1970 |
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Qualification : |
Graduate |
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Date of Appointment : |
04.10.2006 |
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PAN No.: |
AAEPT8298H |
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DIN No.: |
00016210 |
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Other Directorship :
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Name : |
Mr. Devki Nandan Taneja |
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Designation : |
Director |
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Address : |
7, South Patel Nagar, New Delhi – 110008, India |
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Date of Birth/Age : |
14.12.1942 |
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Qualification : |
Higher Secondary |
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Date of Appointment : |
01.12.2006 |
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PAN No.: |
AAFPT1130P |
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DIN No.: |
00016252 |
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Other Directorship :
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Name : |
Mr. Ved Prakash |
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Designation : |
Director |
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Address : |
C-116 Ghanta Ghar, Hari Nagar, New Delhi – 110064, India |
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Date of Birth/Age : |
01.07.1951 |
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Qualification : |
M.A. |
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Date of Appointment : |
16.01.2013 |
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DIN No.: |
00016330 |
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Other Directorship :
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Name : |
Mrs. Renu Taneja |
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Designation : |
Director |
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Address : |
9, Kasturba Gandhi Marg, New Delhi – 110001, India |
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Date of Birth/Age : |
26.04.1971 |
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Qualification : |
B.A. |
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Date of Appointment : |
04.03.1997 |
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DIN No.: |
00127141 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Aditya Rungta |
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Designation : |
Company Secretary |
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Address : |
H-35, Laxmi Nagar Vijay Chowk, Saibaba Temple, New Delhi - 110092 Dl In |
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Date of Birth/Age : |
05.09.1987 |
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Qualification : |
Company Secretary |
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Date of Appointment : |
20.02.2016 |
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PAN No.: |
AIBPR5482J |
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|
Name : |
Mr. Vinit |
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Designation : |
Front Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2016
|
Names of Shareholders |
|
No. of Shares |
|
Ravinder Taneja |
|
39849330 |
|
Renu Taneja |
|
9707670 |
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Narain Dass Taneja |
|
39073396 |
|
Devki Nandan Taneja |
|
39447616 |
|
Kamal Taneja |
|
51665373 |
|
Janak Taneja |
|
10460843 |
|
Veena Taneja |
|
9166500 |
|
Sungrace Housing and Land Private Limited |
|
9073139 |
|
Isher Dass Shani and Bros. Private Limited |
|
1697501 |
|
Supergrowth Developers Private Limited |
|
3395000 |
|
Sarvottam Construction Private Limited |
|
2792388 |
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|
|
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Total |
|
216328756 |
AS ON: 30.09.2016
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family – Indian) |
92.16 |
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Promoters (Body corporate) |
7.84 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Subject is engaged in the business of promotion, construction, development. Subject company is a Town Planner and Real Estate Agent. [Confirmed by Management] ·
The Company is engaged in the business s of
real estate. [Registered Activity] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Others [NEFT, RTGS] |
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Purchasing : |
Others [NEFT, RTGS] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : [From Indirect Source] |
Others [Builders] · Pantaloons · Titan · Straps · Bata · Adlabs · Looks |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
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|
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Bankers : |
· State Bank of Bikaner & Jaipur · Indian Overseas Bank · Punjab and Sind Bank |
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Facilities : |
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Auditors : |
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Name : |
KRA and Company Chartered Accountants |
|
Address : |
H-1/208, Garg Tower, Netaji Subhash Place, Pitampura, New Delhi-110034, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFK1650J |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Subsidiary Companies : [As On 31.03.2016] |
TDI Hotels and Resorts (Kundli) Private Limited [U70101DL2006PTC144993] TDI Facilities and Maintenance Limited [U74999DL2008PLC175094] TDI Recreation and Amusement Company Limited [U92490DL2008PLC179129] Cannes Property Management Services Private Limited [U70200DL2009PTC190129] |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives: [As On 31.03.2016] |
· TDI Infracorp (India) Limited [U45201DL2006PLC146436] · TDI Infratech Limited [U99999DL1999PLC102277] · Best Town Planners Private Limited [U45201DL2004PTC127619] · Peejay Industries Private Limited [U70102DL1975PTC007939] · OM Shivam Softech Private Limited [U72200DL2005PTC142737] · everite estates private limited [U70101DL1990PTC040875] · TDI Realcon Private Limited [U70200DL1995PTC070465] · Omshivam Software Private Limited [U45201DL2005PTC142082] · Upasana Buildwell (India) Private Limited [U45201DL2005PTC138263] · Sapphire Projects Private Limited [U70101DL1996PTC076686] · Magic Town Planners Private Limited [U45201DL2004PTC127621] · Simla Hills Transport Services Private Limited. [U35999DL1978PTC008967] · Bhagwati Buildtech Private Limited [U74920DL2006PTC144992] · OM Shivam Appartments Private Limited [U45201DL2005PTC143060] · Rama Realcon Private Limited [U45201DL2005PTC138262] · Real Touch Developers Private Limited [U70102DL1996PTC078727] · Rudra Building Solutions Private Limited [U70200DL2012PTC239722] · Nationwide Promoters Private Limited [U70101DL1996PTC076605] · Capital I T Services Private Limited [U72200DL2004PTC127668] · Marcus Holdings Private Limited [U74899DL1995PTC068850] · Tapasaya Farms Private Limited [U70101DL2005PTC142898] · Namahshivaya Buildwell Private Limited [U74899DL2005PTC143058] |
CAPITAL STRUCTURE
AFTER: 30.09.2016
Authorised Capital : INR
3000.000 Million
Issued, Subscribed & Paid-up Capital : INR 2376.785 Million
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000000 |
Equity Shares |
INR 10/- each |
INR 3000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
216328756 |
Equity Shares |
INR 10/- each |
INR 2163.288 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2163.288 |
2163.288 |
2063.288 |
|
(b) Reserves & Surplus |
3408.680 |
3188.195 |
1579.861 |
|
(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) |
5571.968 |
5351.483 |
3643.149 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3351.957 |
2723.016 |
1881.344 |
|
(b) Deferred tax liabilities (Net) |
193.731 |
286.667 |
361.939 |
|
(c)
Other long term liabilities |
41.315 |
101.431 |
709.444 |
|
(d)
long-term provisions |
10.244 |
11.798 |
10.898 |
|
Total
Non-current Liabilities (3) |
3597.247 |
3122.912 |
2963.625 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
526.546 |
522.663 |
541.165 |
|
(b)
Trade payables |
357.704 |
580.439 |
640.948 |
|
(c)
Other current liabilities |
9688.195 |
7667.309 |
8616.731 |
|
(d)
Short-term provisions |
2.621 |
3.026 |
3.662 |
|
Total
Current Liabilities (4) |
10575.066 |
8773.437 |
9802.506 |
|
|
|
|
|
|
TOTAL |
19744.281 |
17247.832 |
16409.280 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
574.666 |
666.026 |
157.470 |
|
(ii)
Intangible Assets |
0.479 |
0.778 |
3.267 |
|
(iii)
Capital work-in-progress |
0.000 |
5.117 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.100 |
2.100 |
50.135 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
167.263 |
175.092 |
15.092 |
|
(e)
Other Non-current assets |
50.487 |
61.209 |
84.836 |
|
Total
Non-Current Assets |
794.995 |
910.322 |
310.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
396.981 |
839.977 |
1580.048 |
|
(c)
Trade receivables |
2048.680 |
905.279 |
735.853 |
|
(d)
Cash and cash equivalents |
284.106 |
372.969 |
353.774 |
|
(e)
Short-term loans and advances |
6204.649 |
7300.100 |
5362.418 |
|
(f)
Other current assets |
10014.870 |
6919.185 |
8066.387 |
|
Total
Current Assets |
18949.286 |
16337.510 |
16098.480 |
|
|
|
|
|
|
TOTAL |
19744.281 |
17247.832 |
16409.280 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5054.844 |
4956.816 |
5804.488 |
|
|
|
Other Income |
74.390 |
145.828 |
84.453 |
|
|
|
TOTAL |
5129.234 |
5102.644 |
5888.941 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3640.048 |
3203.509 |
3836.759 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
442.997 |
740.071 |
686.525 |
|
|
|
Employees benefits expense |
90.012 |
90.442 |
134.630 |
|
|
|
Prior period items |
0.000 |
2.456 |
0.000 |
|
|
|
Other expenses |
204.903 |
245.301 |
403.708 |
|
|
|
TOTAL |
4377.960 |
4281.779 |
5061.622 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
751.274 |
820.865 |
827.319 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
560.227 |
646.491 |
516.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
191.047 |
174.374 |
310.763 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
48.497 |
51.367 |
35.622 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
142.550 |
123.007 |
275.141 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(77.936) |
(85.327) |
(42.808) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
220.486 |
208.334 |
317.949 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
1.02 |
0.97 |
1.54 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
1194.164 |
2391.662 |
2355.526 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
884.192 |
(1631.400) |
1577.206 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
919.203 |
(1662.229) |
1385.619 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
147.93 |
66.66 |
46.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.47 |
5.48 |
7.89 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
35.87 |
66.13 |
60.97 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.89 |
0.98 |
0.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.31 |
1.22 |
5.15 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.81 |
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.91 |
1.05 |
1.31 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.90 |
1.64 |
2.69 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.10 |
0.13 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.34 |
1.27 |
1.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.36 |
4.20 |
5.48 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.12 |
1.21 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
3.96 |
3.89 |
8.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.79 |
1.86 |
1.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.75 |
1.77 |
1.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.31 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.34 |
2.61 |
2.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.79 |
1.86 |
1.64 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
2063.288 |
2163.288 |
2163.288 |
|
Reserves & Surplus |
1579.861 |
3188.195 |
3408.680 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3643.149 |
5351.483 |
5571.968 |
|
|
|
|
|
|
long-term borrowings |
1881.344 |
2723.016 |
3351.957 |
|
Short term borrowings |
541.165 |
522.663 |
526.546 |
|
Current Maturities of Long
term debt |
2355.526 |
2391.662 |
1194.164 |
|
Total
borrowings |
4778.035 |
5637.341 |
5072.667 |
|
Debt/Equity
ratio |
1.312 |
1.053 |
0.910 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5804.488 |
4956.816 |
5054.844 |
|
|
|
(14.604) |
1.978 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
5804.488 |
4956.816 |
5054.844 |
|
Profit |
317.949 |
208.334 |
220.486 |
|
|
5.48% |
4.20% |
4.36% |
LEGAL CASES
NOTE: LITIGATION DETAILS FILES ATTACHED
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
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 |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G45652369 |
100102225 |
INDIABULLS HOUSING
FINANCE LIMITED |
07/06/2017 |
- |
- |
800000000.0 |
M - 62 & 63FIRST
FLOOR, CONNAUGHT PLACENEW DELHIDE110001IN |
|
2 |
C55404024 |
10572832 |
STATE BANK OF
INDIA |
28/05/2015 |
- |
- |
500000000.0 |
SME BRANCHCHANDNI
CHOWKDELHIDL110006IN |
|
3 |
C41673997 |
10545787 |
ORIENTAL BANK OF
COMMERCE |
26/12/2014 |
- |
- |
600000000.0 |
A-30-33 FIRST
FLOORCONNAUGHT PLACENEW DELHIDL110001IN |
|
4 |
C32023186 |
10528760 |
INDIAN BANK |
13/09/2014 |
- |
- |
1000000000.0 |
G 41, NEW DELHI
MAIN BRANCHCONNAUGHT PLACENEW DELHIDL110001IN |
|
5 |
C13174297 |
10510919 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
21/07/2014 |
- |
- |
100000000.0 |
N.H.5-R/2, NEELAM
BADSHAH KHAN ROAD,N.I.T FARIDABAD,FARIDABADHR121001IN |
|
6 |
C00842781 |
10485892 |
ORIENTAL BANK OF
COMMERCE |
25/03/2014 |
- |
- |
500000000.0 |
H-15,CONNAUGHT CIRCUSNEW
DELHIDL110001IN |
|
7 |
C38968673 |
10486647 |
PUNJAB & SIND
BANK |
04/02/2014 |
16/10/2014 |
- |
850000000.0 |
P - 18/90
CONNAUGHT CIRCUSLARGE CORPORATE BRANCHNEW DELHIDL110001IN |
|
8 |
C42152520 |
10467691 |
LAKSHMI VILAS BANK
LIMITED |
29/11/2013 |
21/11/2014 |
- |
250000000.0 |
FLAT NO.
GF-8-9-10, TOLSTOY HOUSETOLSTOY MARG, JANPATHNEW DELHIDL110001IN |
|
9 |
C54367214 |
10463419 |
SMALL INDUSTRIAL
DEVELOPMENT BANK OF INDIA |
26/11/2013 |
20/05/2015 |
- |
100000000.0 |
N.H.5-R/2 NEELAM BADSHAH
KHAN ROADN.I.T. FARIDABADFARIDABADHR121001IN |
|
10 |
B75636456 |
10425314 |
LAKSHMI VILAS BANK
LIMITED |
15/04/2013 |
25/04/2013 |
- |
250000000.0 |
GF 8-10, TOLSTOY
HOUSE15,17, TOLSTOY MARG, JANPATHNEW DELHIDL110001IN |
DESCRIPTION OF STATE OF
COMPANIES AFFAIR
The Company is engaged in the business s of real estate and is currently looking for suitable opportunities in the sector to amplify its operations.
FIXED ASSETS:
·
Buildings
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
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 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 67.38 |
|
UK Pound |
1 |
INR 91.09 |
|
Euro |
1 |
INR 79.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.