|
|
|
MIRA INFORM REPORT
|
Report No. : |
508218 |
|
Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MUMBAI METRO RAIL CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
MMRDA Building, Plot No. C- 14 - 15 Bandra Kurla, Complex , Bandra (East), Mumbai - 400051, Maharashtra |
|
Tel. No.: |
91-22-26384646 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-181770 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 5152.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60100MH2008SGC181770 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAGCM4336C1ZP |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM4336C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
· Subject company is engaged in Construction Activity of Metro Railway Project. [Confirmed by Management] ·
Subject is engaged in ‘Railway Project
Development Activity’. [Registered Activity] |
|
|
|
|
No. of Employees
: |
300 [Approximately] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a joint venture of Government of India & Government of Maharashtra, with 50:50 equity. It was incorporated in the year 2008 and is engaged in construction activity of metro railway projects. Rating takes into consideration the company’s healthy net worth base along with average debt coverage indicators and good liquidity position. Rating also takes into account the strong parentage support received from Government of India and Government of Maharashtra. However, rating strength is partially offset by ongoing projects and yet to commence profile of the company. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealing 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.
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 11.05.2018.
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 [GENERAL DETAILS]
|
Name : |
Ms. Ranjans |
|
Designation : |
Assistance of Company |
|
Contact No.: |
91-22-26384686 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
MMRDA Building, Plot No. C- 14 - 15 Bandra Kurla, Complex , Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Tel. No.: |
91-22-26384646 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Corporate Office: |
NaMTTRI Building, Plot No. R-13, E Block, Bandra Kurla Complex Bandra (E), Mumbai MH 400051, Maharashtra, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Ajoy Mehta |
|
Designation : |
Nominee Director |
|
Address : |
A/7 Saudamini Haji Ali, Mumbai - 400034, Maharashtra,
India |
|
Date of Birth: |
21.09.1959 |
|
Qualification: |
IAS |
|
Date of Appointment : |
27.04.2015 |
|
DIN No.: |
00155180 |
|
|
|
|
Name : |
Mr. Rahul Durgaprasad Asthana |
|
Designation : |
Director |
|
Address : |
B/1101, Patliputra Soc. 4 Bunglow Crossing, Varsova,
Andheri (We St), Mumbai - 400053, Maharashtra, India |
|
Date of Birth: |
18.02.1953 |
|
Qualification: |
IAS, Engineer |
|
Date of Appointment : |
08.09.2016 |
|
PAN No.: |
|
|
DIN No.: |
00234247 |
|
|
|
|
Name : |
Mr. Nitin Nandkishor Kareer |
|
Designation : |
Nominee Director |
|
Address : |
40, Floor-10th, Amber, Narayan Dabholkar Road Malabar Hill
Mumbai 400006, Maharashtra, India |
|
Date of Birth: |
29.03.1964 |
|
Qualification: |
IAS |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
01624863 |
|
|
|
|
Name : |
Mrs. Ashwini Satish Bhide |
|
Designation : |
Managing Director |
|
Address : |
Flat No8, 3rd Floor, Bell Heaven,Behind Income Tax Office,Near
Balwas Hotel, New Marine Lines, Mumbai - 400020, Maharashtra, India |
|
Date of Birth: |
25.05.1970 |
|
Qualification: |
IAS |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
02861008 |
|
|
|
|
Name : |
Mr. Durga Shanker Mishra |
|
Designation : |
Nominee Director |
|
Address : |
House No. 1-C Tower - 3, New Moti Bagh Colony, Sarojin i
Nagar Delhi 110023 DL IN |
|
Date of Birth: |
25.01.1959 |
|
Qualification: |
IAS |
|
Date of Appointment : |
23.06.2017 |
|
DIN No.: |
02944212 |
|
|
|
|
Name : |
Mr. Aditya Prakash Mishra |
|
Designation : |
Director |
|
Address : |
R.B. Bungalow No. 5, Hospital Road, Moti Bagh, New Delhi - 110021, India |
|
Date of Birth: |
03.01.1953 |
|
Qualification: |
IAS |
|
Date of Appointment : |
08.09.2016 |
|
DIN No.: |
03319240 |
|
|
|
|
Name : |
Mr. Urvinder Pal Singh Madan |
|
Designation : |
Nominee Director |
|
Address : |
Pent House, 8th Floor, Jetwan Bandra Kurla Complex, Bandra East Mumbai 400051, Maharashtra, India |
|
Date of Birth: |
08.10.1959 |
|
Qualification: |
IAS |
|
Date of Appointment : |
02.03.2013 |
|
DIN No.: |
03570256 |
|
|
|
|
Name : |
Mr. Anoop Kumar Gupta |
|
Designation : |
Nominee Director |
|
Address : |
A-6, Sector 7, Metro Enclave, Pushp Vihar, Delhi – 110017, India |
|
Date of Birth: |
26.06.1960 |
|
Qualification: |
B Tech Electrical |
|
Date of Appointment : |
12.08.2014 |
|
DIN No.: |
06572327 |
|
|
|
|
Name : |
Mr. Kailash Kumar Aggarwal |
|
Designation : |
Nominee Director |
|
Address : |
No. 255/5a, Railway Officers Colony Opp. Railway Hospital, Basant Lane Delhi 110001, India |
|
Date of Birth: |
07.04.1963 |
|
Qualification: |
Engineer |
|
Date of Appointment : |
30.09.2016 |
|
DIN No.: |
06589635 |
|
|
|
|
Name : |
Mr. Kailash Kumar Aggarwal |
|
Designation : |
Nominee Director |
|
Address : |
No. 255/5A, Railway Officers Colony Opp Railway Hospital, Basant Lane Delhi 110001, Maharashtra, India |
|
Date of Appointment : |
30.09.2016 |
|
DIN No.: |
06589635 |
|
|
|
|
Name : |
Mr. Mukund Kumar Sinha |
|
Designation : |
Nominee Director |
|
Address : |
Y/7, Type - 4S, HUDCO Place Extension, Andrews Ganj Delhi - 110049, India |
|
Date of Appointment : |
11.03.2015 |
|
DIN No.: |
06774923 |
|
|
|
|
Name : |
Mr. Jhanja Tripathy |
|
Designation : |
Nominee Director |
|
Address : |
5/B, Railway Officers Colony, Tilak Bridge, New Delhi - 110001, India |
|
Date of Birth: |
15.07.1960 |
|
Qualification: |
IRAS |
|
Date of Appointment : |
12.08.2014 |
|
DIN No.: |
06859312 |
|
|
|
|
Name : |
Mr. Ajaykumar Amarnath Bhatt |
|
Designation : |
Director |
|
Address : |
Flat No.A-401 ,Jetwan, Bkc, Bandra (E), Mumbai - 400051, Maharashtra, India |
|
Date of Birth: |
01.09.1957 |
|
Qualification: |
IIT & PGDM |
|
Date of Appointment : |
06.02.2015 |
|
DIN No.: |
07110097 |
|
|
|
|
Name : |
Mr. Subodh Kumar Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. A-501, In Jetwan Bkc, Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Date of Birth: |
29.12.1961 |
|
Qualification: |
Engineer |
|
Date of Appointment : |
14.01.2015 |
|
DIN No.: |
07114292 |
|
|
|
|
Name : |
Mr. Dinesh Kumar Jain |
|
Designation : |
Nominee Director |
|
Address : |
3-D/244, Railway Officers Colony, P.K. Road, New Delhi 110001, Maharashtra, India |
|
Date of Birth: |
25.01.1960 |
|
Qualification: |
IAS |
|
Date of Appointment : |
27.04.2016 |
|
DIN No.: |
07239310 |
|
|
|
|
Name : |
Mr. Abodh Kumar Khandelwal |
|
Designation : |
Wholetime Director |
|
Address : |
B-11,Vakratunda,Chs Ltd, Plot No.11, Sector- 42, Maharashtra, India Nerul Navi Mumbai - 400706, Maharashtra, India |
|
Date of Appointment : |
28.04.2017 |
|
DIN No.: |
07807394 |
KEY EXECUTIVES
|
Name : |
Mr. Abodh Kumar Khandelwal |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-11, Vakratunda,Chs Limited, Plot No.11, Sector- 42,
Nerul Navi Mumbai - 400706, Maharashtra, India |
|
Date of Appointment : |
29.03.2017 |
|
PAN No.: |
ACYPK0309G |
|
|
|
|
Name : |
Mrs. Ritu Deb |
|
Designation : |
Company Secretary |
|
Address : |
158 Saheed Bhagat Singh Cop Hsg Society, J.B. Nagar,
Andheri E - Mumbai 400059, Maharashtra, India |
|
Date of Birth: |
07.06.1972 |
|
Date of Appointment : |
15.04.2015 |
|
PAN No.: |
ADVPD0728L |
|
|
|
|
Name : |
Ms. Ranjans |
|
Designation : |
Assistance of Company |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
President of India through Rajiv Gauba |
|
25759997 |
|
Governor of the State through U.P.S. Madan |
|
25759997 |
|
Ashwini Bhide (Nominee shareholder of Govt. of Maharashtra) |
|
1 |
|
Nitin K Kareer (Nominee shareholder of Govt. of Maharashtra) |
|
1 |
|
Ajaykumar A Bhatt (Nominee shareholder of Govt. of Maharashtra) |
|
1 |
|
Ambuj Bajpai (Nominee shareholder of Govt. of India) |
|
1 |
|
Rachana Kumar (Nominee shareholder of Govt. of India) |
|
1 |
|
Deen Dayal (Nominee shareholder of Govt. of India) |
|
1 |
|
Total |
|
51520000 |
AS ON: 23.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Government – Central Government) |
50.00 |
|
Promoters (Government – State Government) |
50.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Subject company is engaged in Construction Activity of Metro Railway Project. [Confirmed by Management] ·
Subject is engaged in ‘Railway Project
Development Activity’. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
NEFT and RTGS |
|
|
|
|
Purchasing : |
NEFT and RTGS |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||
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Customers : |
Contractors
|
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
30 [Approximately] |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited BKC Branch, Bandra Kurla Complex, Mumbai, Maharashtra, India · Union Bank |
||||||||||||||||||
|
|
|
||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Balasubrahmanya Narayan Rao Chartered Accountants |
|
Address : |
Block 1, 3rd Floor, Khaitan Chambers 143-145, Modi Street, Fort, Mumbai- 400001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAYFS1415P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint Ventures: |
· Government of India · Government of Maharashtra |
CAPITAL STRUCTURE
AFTER AS ON
29.09.2017
Authorised Capital : INR 50000.000 Million
Issued, Subscribed & Paid-up Capital : INR 13152.0000
Million
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000000 |
Equity Shares |
INR 100/- each |
INR 50000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51520000 |
Equity Shares |
INR 100/- each |
INR 5152.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5152.000 |
732.000 |
0.500 |
|
(b) Reserves & Surplus |
963.138 |
17.786 |
954.087) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
2000.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
8115.138 |
749.786 |
-53.587 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10720.879 |
1369.637 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.527 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
10721.406 |
1369.637 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
687.139 |
1288.445 |
819.242 |
|
(b)
Trade payables |
0.000 |
0.000 |
0.000 |
|
(c)
Other current liabilities |
3983.358 |
22.062 |
0.930 |
|
(d)
Short-term provisions |
414.148 |
7.673 |
2.047 |
|
Total
Current Liabilities (4) |
5084.645 |
1318.180 |
822.219 |
|
|
|
|
|
|
TOTAL |
23921.189 |
3437.603 |
768.632 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
134.340 |
9.876 |
5.824 |
|
(ii)
Intangible Assets |
2.731 |
0.665 |
0.000 |
|
(iii)
Capital work-in-progress |
8017.120 |
952.051 |
677.277 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8154.191 |
962.592 |
683.101 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
4989.559 |
1691.983 |
83.415 |
|
(e)
Short-term loans and advances |
9371.117 |
782.680 |
0.097 |
|
(f)
Other current assets |
1406.322 |
0.348 |
2.019 |
|
Total
Current Assets |
15766.998 |
2475.011 |
85.531 |
|
|
|
|
|
|
TOTAL |
23921.189 |
3437.603 |
768.632 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
144.086 |
64.470 |
5.232 |
|
|
|
TOTAL |
144.086 |
64.470 |
5.232 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
47.916 |
0.000 |
4.140 |
|
|
|
Exceptional items |
0.000 |
0.000 |
30.295 |
|
|
|
Other expenses |
35.803 |
26.479 |
16.636 |
|
|
|
TOTAL |
83.719 |
26.479 |
51.071 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
60.367 |
37.991 |
945.839) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
60.367 |
37.991 |
945.839) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.093 |
4.719 |
0.902 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
48.274 |
33.272 |
946.741) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
52.923 |
11.399 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(4.649) |
21.873 |
(46.741) |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (INR) |
0.09 |
0.30 |
(934.82) |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
48.274 |
33.272 |
(46.740) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
48.274 |
33.272 |
(46.740) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.01 |
0.04 |
-0.07 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.78 |
1.07 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.41 |
3.55 |
(15.29) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.63 |
1.76 |
(15.34) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.00 |
1.28 |
(12.75) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(0.02) |
0.64 |
(6.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(0.06) |
2.92 |
87.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.10 |
1.88 |
0.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.10 |
1.88 |
0.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.22 |
-0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.21 |
3.63 |
1638.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.10 |
1.88 |
0.10 |
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 |
0.500 |
732.000 |
5152.000 |
|
Reserves & Surplus |
(54.087) |
17.786 |
963.138 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
2000.000 |
|
Net
worth |
(53.587) |
749.786 |
8115.138 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1369.637 |
10720.879 |
|
Short term borrowings |
819.242 |
1288.445 |
687.139 |
|
Total
borrowings |
819.242 |
2658.082 |
11408.018 |
|
Debt/Equity
ratio |
(15.288) |
3.545 |
1.406 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
5.232 |
64.470 |
144.086 |
|
|
|
1,132.225 |
123.493 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
5.232 |
64.470 |
144.086 |
|
Profit/(Loss) |
(46.741) |
21.873 |
(4.649) |
|
|
(893.37%) |
33.93% |
(3.23%) |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from banks |
0.000 |
634.000 |
|
Loans and advances from others |
687.139 |
654.445 |
|
Total |
687.139 |
1288.445 |
STATUS OF THE COMPANY
The Company was incorporated as a State Government Company and a wholly-owned subsidiary of MMRDA, in April 2008. In the previous Financial Year (2014-15), the Company has become a 50:50 Joint Venture between the Government of India and Government of Maharashtra (through MMRDA).
The Government of India has vide their Letter No. 14011/36/2009Metro /MRTS-II (Vol III) dated 18th July 2013, appointed the Company as the Special Project Vehicle (SPV) for the execution of the Metro Line III (Colaba-Bandra-SEEPZ) Project.
The Memorandum of Association and Articles of Association reflect the change in the status of the Company, from a State Government Company to a Government Company, being a Joint Venture between Government of India and Government of Maharashtra.
FIXED ASSETS:
·
Vehicles
·
Office equipment
·
Computer equipment’s
·
Vehicles
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 67.37 |
|
UK Pound |
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SRY |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
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.