|
|
|
MIRA INFORM REPORT
|
Report No. : |
508460 |
|
Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHAH GROUP BUILDERS LIMITED (w.e.f. 31.07.2006) |
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|
|
|
Formerly Known
As : |
SHAH
GROUP BUILDERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
323 -329, Arenja Corner, Plot No 71, Sector 17 Vashi, Navi
Mumbai -400705,
Maharashtra |
|
Tel. No.: |
91-22-41516000/27896490 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
27.06.2005 |
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|
|
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Com. Reg. No.: |
11-154243 |
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|
Capital
Investment / Paid-up Capital : |
INR 68.960 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101MH2005PLC154243 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
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|
GSTN : [Goods & Service Tax
Registration No.] |
27AAJCS8586M1ZB |
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TIN No.: |
27241070017 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
AAJCS8586M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is
carrying on the business of Construction of Residential and commercial
building and Shops. [Registered
Activity] |
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|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2005. It is engaged into
construction business. Management has failed to file its financials with the Registrar of
Companies after the FY 2015. For the financial year 2015, the company has not earned any
operational revenue. The moderate financial profile of the company is marked by average net
worth base along with high debt balance sheet profile. Payment seems to be slow and delayed. In view of aforesaid, dealings are recommended on safe and secured
terms. |
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
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-41516000/27896490)
91-22-27811717 – NUMBER IS CONTINUOUSLY RINGING
LOCATIONS
|
Registered Office : |
323 -329, Arenja Corner, Plot No 71, Sector 17 Vashi, Navi
Mumbai -400705,
Maharashtra, India |
|
Tel. No.: |
91-22-41516000/27896490/27811717 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Nalin Virji Shah |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B/507, Gagangiri CHS, Sector -17, Vashi, Navi Mumbai –
400705, Maharashtra,
India |
||||||||||||||||
|
Date of Birth/Age : |
19.08.1942 |
||||||||||||||||
|
Qualification: |
B.com |
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Date of Appointment : |
27.06.2005 |
||||||||||||||||
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DIN No.: |
00194184 |
||||||||||||||||
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Other Directorship:
|
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|
||||||||||||||||
|
Name : |
Mrs. Neelam Nalin Shah |
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|
Designation : |
Director |
||||||||||||||||
|
Address : |
B/507, Gagangiri CHS, Sector -17, Vashi, Navi Mumbai –
400705, Maharashtra,
India |
||||||||||||||||
|
Date of Birth/Age : |
04.06.1947 |
||||||||||||||||
|
Qualification: |
Graduate |
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Date of Appointment : |
27.06.2005 |
||||||||||||||||
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DIN No.: |
00194214 |
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Other Directorship:
|
|||||||||||||||||
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|
||||||||||||||||
|
Name : |
Mr. Nirav Nalin Shah |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
B/507, Gagangiri CHS, Sector -17, Vashi, Navi Mumbai –
400705, Maharashtra,
India |
||||||||||||||||
|
Date of Birth/Age : |
01.06.1980 |
||||||||||||||||
|
Qualification: |
M.com |
||||||||||||||||
|
Date of Appointment : |
27.06.2005 |
||||||||||||||||
|
DIN No.: |
00194239 |
||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2015
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.11.2015
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
2.52 |
|
Promoters- Body corporate |
86.63 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
10.81 |
|
Public/Other than promoters - Body corporate |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
carrying on the business of Construction of Residential and commercial
building and Shops. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Pravin Sarvaiya and Company Chartered Accountants |
|
Address : |
4 Kermani Building, 1st Floor, P M Road, Opposite Citi Bank, Fort, Mumbai -400001, Maharashtra, India |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,00,00,000 |
Equity Shares |
INR 1/- each |
INR 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,89,59,970 |
Equity Shares |
INR 1/- each |
INR 68.960 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
68.960 |
68.960 |
58.960 |
|
(b) Reserves and Surplus |
202.239 |
202.239 |
172.216 |
|
(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) |
271.199 |
271.199 |
231.176 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1616.674 |
2352.700 |
1464.495 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
238.955 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1616.674 |
2352.700 |
1703.450 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
19.233 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
1394.107 |
0.343 |
0.281 |
|
(d) Short-term
provisions |
0.000 |
2.551 |
5.780 |
|
Total Current
Liabilities (4) |
1413.340 |
2.894 |
6.061 |
|
|
|
|
|
|
TOTAL |
3301.213 |
2626.793 |
1940.687 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii)
Intangible Assets |
0.000 |
2.809 |
2.809 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
1957.736 |
1401.401 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.813 |
1.813 |
1.813 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
584.118 |
421.387 |
385.133 |
|
(e) Other Non-current
assets |
13.719 |
0.310 |
0.306 |
|
Total Non-Current
Assets |
599.650 |
2384.055 |
1791.462 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2677.250 |
236.494 |
117.982 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and
bank balances |
4.062 |
6.244 |
31.243 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
20.251 |
0.000 |
0.000 |
|
Total
Current Assets |
2701.563 |
242.738 |
149.225 |
|
|
|
|
|
|
TOTAL |
3301.213 |
2626.793 |
1940.687 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
1.987 |
|
|
Other Income |
0.000 |
0.036 |
0.075 |
|
|
TOTAL |
0.000 |
0.036 |
2.062 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
221.036 |
5.015 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(494.003) |
(118.513) |
0.000 |
|
|
Employee benefit expense |
7.677 |
0.073 |
0.078 |
|
|
Other expenses |
36.224 |
34.894 |
0.079 |
|
|
TOTAL |
(229.066) |
(78.531) |
0.157 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
229.066 |
78.567 |
1.905 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
229.066 |
78.538 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.000 |
0.029 |
1.905 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.562 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.000 |
0.029 |
1.343 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.006 |
0.240 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.000 |
0.023 |
1.103 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.00 |
0.00 |
0.02 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
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) |
31.76 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.09 |
0.33 |
0.02 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.00 |
0.04 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.92 |
0.90 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.96 |
8.68 |
6.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
5.21 |
0.01 |
0.03 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
7.23 |
6.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.00 |
1.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.00 |
0.00 |
55.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.00 |
0.00 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.00 |
0.01 |
0.48 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.91 |
83.85 |
24.62 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.02 |
2.16 |
5.15 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.08 |
0.10 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
23.44 |
34.12 |
24.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.91 |
83.88 |
24.62 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
58.960 |
68.960 |
68.960 |
|
Reserves & Surplus |
172.216 |
202.239 |
202.239 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
231.176 |
271.199 |
271.199 |
|
|
|
|
|
|
Long-term borrowings |
1464.495 |
2352.700 |
1616.674 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1464.495 |
2352.700 |
1616.674 |
|
Debt/Equity
ratio |
6.335 |
8.675 |
5.961 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
Subject Company registered under companies Act 1956. The company's operating office is located at 323-329, Arenja Corner, Plot No. 71, Sector-17, Vashi, Navi Mumbai-400705 and its registered office is situated in the state of Maharashtra, i.e. within the jurisdiction of the Registrar of Companies, Maharashtra, at Mumbai. The company is carrying on the business of Construction of Residential and commercial building and Shops.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
399.106 |
0.000 |
|
Total |
399.106 |
0.000 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C71706725 |
10605278 |
THE GREATER BOMBAY
CO-OP BANK LTD |
16/11/2015 |
- |
- |
62000000.0 |
CHURCHGATE
CHAMBERS, PREMISES NO.1, GROUND FLOOR,SIR VITHALDAS THACKERSEY MARG, NEW
MARINE LINES,MUMBAIMH400020IN |
|
2 |
G45158672 |
10549785 |
INVENT ASSETS
SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED |
22/01/2015 |
31/03/2017 |
- |
186111000.0 |
107, JOLLY MAKER
CHAMBERS NO.2225, NARIMAN POINTMUMBAIMA400021IN |
|
3 |
C10410348 |
10461013 |
CENTBANK FINANCIAL
SERVICES LIMITED |
19/11/2013 |
25/06/2014 |
- |
2250000000.0 |
15-16,1ST
FLOOR,BAJAJ BHAWAN,NARIMAN POINTMUMBAIMH400021IN |
|
4 |
B89854889 |
10462696 |
CENTBANK FINANCIAL
SERVICES LIMITED |
01/10/2013 |
- |
- |
900000000.0 |
15-16 BAJAJ
BHAWAN, 1ST FLOOR, OPP INOX MULTIPLEX,NARIMAN POINT,MUMBAIMH400021IN |
|
5 |
C43917624 |
10143282 |
BOMBAY MERCANTILE
CO-OPERATIVE BANK LIMITED |
15/01/2009 |
- |
25/01/2015 |
11000000.0 |
78, MOHAMEDALI
ROAD , MUMBAIMUMBAIMUMBAIMH400009IN |
|
6 |
C43917004 |
10143283 |
BOMBAY MERCANTILE
CO-OPERATIVE BANK LIMITED |
15/01/2009 |
23/03/2009 |
25/01/2015 |
52500000.0 |
78, MOHAMEDALI
ROAD ,MUMBAIMH400003IN |
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 67.38 |
|
|
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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.