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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508522

Report Date :

12.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

PRIDE BUILDERS LLP

 

 

Registered Office :

Pride House, 5th Floor, Survey No.108, Opposite NIC, University Chowk, Pune – 411016, Maharashtra

Tel. No.:

91-20-67091000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

14.03.2013

 

 

Total Obligation Fund :

INR 460.332 million

 

 

LLPIN :

AAB-4005

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

TIN No.:

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Limited Liability Partnership 

 

 

Line of Business :

The subject engaged into construction activity (Registered Activity and also Confirmed by management)

 

 

No. of Employees :

Not Divulged

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 1540000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was established in the year 2000 as a private Limited company with the name of “Pride Builders Private Limited” and later in the year 2013 it got converted into limited liability partnership firm with the present name. It is having good track record.

 

For the financial year ended 2017, the firm has achieved healthy operational revenue and has reported good profit margin at 11.60% (approximately)

 

The firm possesses sound financial profile marked by healthy networth base along with debt level of the firm.

 

However, the rating strength is partially offset by highly competitive real estate business.

 

Trade relations are reported as fair. Business is active. Payment terms are slow but correct.

 

The firm can be considered for business dealings at usual trade terms and condition.  

 

 

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

(30.06.2017)

Current Rating

(30.09.2017)

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 12.05.2018

 

 

 

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 BY

 

Name :

Mr. Sakil

Designation :

Accounts Manager

Contact No.:

91-20-67091000

 

 

Name :

Mr. Anil 

Designation :

Finance Manager

Contact No.:

91-20-67091000

Date :

09.05.2018

 

 

LOCATIONS

 

Registered Office :

Pride House, 5th Floor, Survey No.108, Opposite NIC, University Chowk, Pune – 411016, Maharashtra

Tel. No.:

91-20-67091000

Fax No.:

Not Available

E-Mail :

accounts@pridegroup.net

Website :

http://www.pridegroup.net

 

 

Bangalore Office :

Pride Hulkul, 901, 9th Floor, No.116 Lalbagh Road, Bangalore – 560027, Karnataka, India

Tel. No.:

91-80-2222 2424, 2222 2424

E-Mail :

bangalore@pridegroup.net

 

 

Mumbai Office :

601, Orbit Plaza, New Prabhadevi Road, Prabhadevi, Mumbai – 400025, Maharashtra, India

Tel. No.:

91-22-24218129, 24218130

E-Mail :

mumbai@pridegroup.net

 

 

PARTNERS

 

As on 2017

 

Name :

Mr. Sureshchand Premchand Jain

Designation :

Designated Partner

Address :

501/601-B, Vikas Tower, 106/107, Walkeshwar Road, Mumbai-400006, Maharashtra, India

Date of Birth/ Age:

04.09.1950

Date of Appointment :

14.03.2013

DPIN No.:

00004402

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U55200DL1983PLC219781

PRIDE HOTELS LIMITED

29/09/2007

-

L74140MH1983PLC029494

S P CAPITAL FINANCING LIMITED

25/03/2015

-

U55200MH1987PTC043794

JAGSONS HOTELS PRIVATE LIMITED

27/03/1999

-

U55200MH1987PTC044593

ROHAN HOTELS PRIVATE LIMITED

26/06/2010

-

U65910MH1992PLC066404

EXECUTIVE HOUSING FINANCE COMPANY LIMITED

29/09/2007

-

U45202MH1994PTC082359

S P REALTORS PRIVATE LIMITED

25/10/1994

-

U70100MH1994PLC082360

PRIDE ESTATE LIMITED

15/01/2013

-

U45200MH1995PTC084936

PRIDE REALTY PRIVATE LIMITED

25/01/1995

-

U65900MH1996PTC102048

A S P ENTERPRISES PRIVATE LIMITED

22/08/1996

-

U70100MH1997PTC105109

PRIDE ORCHADES PRIVATE LIMITED

27/02/2004

-

U55101MH1997PTC108258

PRIDE BEACH RESORTS PRIVATE LIMITED

27/05/1997

-

U70100MH1997PTC112214

KOPRA ESTATE PRIVATE LIMITED

07/11/2000

-

U91110MH1951NPL008380

HOTEL AND RESTAURANT ASSOCIATION (WESTERN INDIA)

24/09/2009

-

U55101TN2005PTC057672

INDRALOK HOTELS PRIVATE LIMITED

17/10/2005

-

U55101TN2005PTC057764

SOMTI HOTELS PRIVATE LIMITED

22/02/2006

-

 

 

Name :

Ms. Meena Sureshchand Jain

Designation :

Designated Partner

Address :

501/601-B, Vikas Tower 106/107, Walkeshwar Road, Mumbai-400006, Maharashtra, India

Date of Birth/ Age:

17.12.1951

Date of Appointment :

14.03.2013

DPIN No.:

00004413

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

L74140MH1983PLC029494

S P CAPITAL FINANCING LIMITED

25/03/2015

-

U55200MH1987PTC043794

JAGSONS HOTELS PRIVATE LIMITED

05/07/2000

-

U67120MH1987PTC043600

S P CAPITAL CONSULTANTS PRIVATE LIMITED

20/03/2007

-

U70100MH1988PTC048225

PRIDE PLAZA (INDIA) PRIVATE LIMITED

30/08/2002

-

U55101MH1988PLC050180

THE EXECUTIVE INN LIMITED

20/03/2007

-

U65900MH1996PTC102048

A S P ENTERPRISES PRIVATE LIMITED

11/10/2005

-

U45200MH1996PTC104261

PRIDE CENTRE AND DEVELOPMENT PRIVATE LIMITED

01/04/2001

-

U70100MH1997PTC105109

PRIDE ORCHADES PRIVATE LIMITED

04/12/2017

-

U70100MH1997PTC112214

KOPRA ESTATE PRIVATE LIMITED

15/09/1998

-

U72900MH2000PTC123665

PRIDE NETWORK PRIVATE LIMITED

17/01/2000

-

U55101TN2005PTC057672

INDRALOK HOTELS PRIVATE LIMITED

10/04/2010

-

U67190MH2005PTC156624

S P JAIN AND ASSOCIATES PRIVATE LIMITED

24/01/2006

-

List of LLP

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAC-0915

S P JAIN AND ASSOCIATES LLP

14/02/2014

-

 

 

Name :

Mr. Sanwar Mal Jain

Designation :

Designated Partner

Address :

3B Camac Street, 5th Floor, Flat No 8, Mansarowar Building, Kolkata 700016, West Bengal, India

Date of Birth/ Age:

05.01.1946

Date of Appointment :

14.03.2013

DPIN No.:

00066746

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45309WB2006PTC109399

SHANTINIKETAN INFRASTURUCTURE PRIVATE LIMITED

16/05/2006

-

U45202WB2006PTC109170

SALSAR PROJECTS PRIVATE LIMITED

08/05/2006

-

U45200WB2006PTC111909

SRI SHYAM PROJECTS PRIVATE LIMITED

23/11/2006

-

U70102PN2006PTC022071

SUNGUARD CONSTRUCTION PRIVATE LIMITED

14/06/2013

-

U51900WB2001PTC093476

ROYAL GLOBAL NIRYAT PRIVATE LIMITED

18/07/2001

-

U28113WB1994PTC088743

HOLDWELL COMPONENTS PRIVATE LIMITED

01/08/2016

-

U28999WB1997PTC084232

ROYAL ELASTOMERS PRIVATE LIMITED

16/12/2013

-

U70101WB1995PTC074563

DEVENDRA CONSTRUCTION PRIVATE LIMITED

26/11/2007

-

U70101WB1995PTC074562

PULKIT PROPERTIES PRIVATE LIMITED

26/11/2007

-

U02002WB1992PLC056317

PRAKRATI PLANTATIONS LIMITED

17/08/1992

-

U70101WB1985PTC038516

SPENLO BUSINESS PRIVATE LIMITED

15/10/1988

-

U27109WB1985PTC039027

BEHARILAL JAIN & SONS PRIVATE LIMITED

06/09/2004

-

U17125WB1980PLC032488

KONTINENTAL STEEL & POWER LIMITED

01/06/2016

-

U07010KA2004PTC033698

EXPERT REALTORS PRIVATE LIMITED

05/04/2004

-

U85110KA1997PTC021623

EXPERT DEVELOPERS PRIVATE LIMITED

01/02/2006

-

U55102KA1996PTC020098

EXPERT RESORTS AND LAYOUTS PRIVATE LIMITED

01/07/2006

-

U85110KA1996PTC019850

PRIDE AND EXPERT PROPERTIES PRIVATE LIMITED

01/06/2016

-

List of LLP

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-6128

SHRINIVAS PRIDE PURPLE PROPERTIES LLP

01/04/2013

31/03/2014

 

 

Name :

Mr. Arvind Premchand Jain

Designation :

Designated Partner

Address :

803, Pride Paradise, Model Colony, Near Om Super Market, Shivajinagar, Pune- 411016, Maharashtra, India

Date of Birth/ Age:

05.06.1971

Date of Appointment :

14.03.2013

DPIN No.:

00068959

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U45202PN1999PTC014063

KASTURI HOUSING AND CONSTRUCTIONS PRIVATE LIMITED

13/10/1999

-

U14757PN2000PTC014757

PRIDE BUILDERS PRIVATE LIMITED

13/04/2000

-

U45201PN2000PTC014860

PRIDE HOUSING AND CONSTRUCTIONS PRIVATE LIMITED

09/05/2000

-

U45202PN2003PTC018587

CITY DEVELOPMENT (PUNE) PRIVATE LIMITED

21/07/2005

-

U72200PN2005PTC021026

PRIDE PURPLE IT PARK PRIVATE LIMITED

15/07/2005

-

U45201PN2005PTC021726

RYTHEM CONSTRUCTION PRIVATE LIMITED

29/09/2010

-

U70100MH1995PTC094528

SHIVRANJANI PROPERTIES PRIVATE LIMITED

29/01/2007

-

U70102PN2006PTC022070

FULLMOON HOUSING PRIVATE LIMITED

23/02/2006

-

U70102PN2006PTC022071

SUNGUARD CONSTRUCTION PRIVATE LIMITED

23/02/2006

-

U70102PN2006PTC022069

ACHAL HOUSING PRIVATE LIMITED

23/02/2006

-

U45202MH2006PLC163225

PARAS MULTIPLEX LIMITED

21/07/2006

-

U45200PN2007PTC130778

SHRINIVAS PRIDE PURPLE PROPERTIES PRIVATE LIMITED

28/09/2007

-

U85110KA1996PTC019850

PRIDE AND EXPERT PROPERTIES PRIVATE LIMITED

01/06/2016

-

List of LLP

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-0585

PPR CONSTRUCTION LLP

11/01/2010

-

AAA-1895

PRIDE PURPLE HOUSING LLP

27/07/2010

-

AAA-1896

PRIDE PURPLE CONSTRUCTIONS LLP

27/07/2010

-

AAA-5170

PRIDE PURPLE LANDMARK LLP

13/06/2011

-

AAA-6128

SHRINIVAS PRIDE PURPLE PROPERTIES LLP

02/09/2011

31/03/2014

AAA-5941

LANDCARE REALTY LLP

17/08/2011

-

AAB-2001

SHIVRANJANI PROPERTIES LLP

02/11/2012

-

AAB-4089

ACHAL HOUSING LLP

19/03/2013

-

AAB-6398

LANDCARE HOUSING LLP

10/07/2013

-

AAI-9891

PRIDE PURPLE BUILDERS LLP

29/03/2017

-

 

 

Name :

Mr. Murari Lal Saraogi

Designation :

Designated Partner

Address :

No.8, Moyenvilla Road, Lang Ford Town, Shanthi Nagar, Bangalore-560025, Karnataka, India

Date of Birth/ Age:

12.01.1941

Date of Appointment :

14.03.2013

DPIN No.:

00169827

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U85110KA1982PTC004594

CHAMPION PROPERITES PRIVATE LIMITED

27/11/2012

-

U85110KA1989PTC009945

SRI RAGHAVENDRA MARKETING SERVICES PRIVATE LIMITED

05/11/2004

-

U85110KA1996PTC019850

PRIDE AND EXPERT PROPERTIES PRIVATE LIMITED

01/06/2016

-

U70101KA1997PTC022015

EMBASSY DEVELOPERS PRIVATE LIMITED

26/03/1997

-

U70101KA1997PTC022016

EMBASSY HOUSING PRIVATE LIMITED

26/03/1997

-

U45201KA1997PTC021622

EMBASSY RESORTS AND LAY OUTS PRIVATE LIMITED

08/01/1997

-

U85110KA1997PTC021623

EXPERT DEVELOPERS PRIVATE LIMITED

08/01/1997

-

U70102KA1997PTC021624

EMBASSY APARTMENTS PRIVATE LIMITED

08/01/1997

-

U45400KA2000PTC027064

SOUTHERN INFRATECH PROJECTS PRIVATE LIMITED

12/05/2000

-

U07010KA2004PTC033698

EXPERT REALTORS PRIVATE LIMITED

05/04/2004

-

U70102MH1998PTC114475

PRIME CENTRE AND DEVELOPERS PRIVATE LIMITED

30/09/2016

-

U70102PN2006PTC022071

SUNGUARD CONSTRUCTION PRIVATE LIMITED

02/11/2006

-

U65999KA2018PTC109706

INSTAPRIDE FINANCE PRIVATE LIMITED

18/01/2018

-

List of LLP

LLPIN/FLLPIN

LLP Name

Begin Date

End Date

AAA-6128

SHRINIVAS PRIDE PURPLE PROPERTIES LLP

01/04/2013

31/03/2014

 

 

Name :

Mr. Vinay Saraogi

Designation :

Designated Partner

Address :

No.8, Moyenvilla Road, Lang Ford Town, Shanthi Nagar, Bangalore-560025, Karnataka, India

Date of Birth/ Age:

13.09.1967

Date of Appointment :

14.03.2013

DPIN No.:

00427171

Other Directorship :

CIN/FCRN

Company Name

Begin Date

End Date

U85110KA1982PTC004594

CHAMPION PROPERITES PRIVATE LIMITED

01/06/1992

-

U02102KA1988PTC009338

EXPERT INDUSTRIES PRIVATE LIMITED

22/08/1988

-

U45400KA2000PTC027064

SOUTHERN INFRATECH PROJECTS PRIVATE LIMITED

27/11/2012

-

 

 

KEY EXECUTIVES

 

Name :

Mr. Sakil

Designation :

Accounts Manager

 

 

Name :

Mr. Anil 

Designation :

Finance Manager

 

 

 

 

CONTRIBUTION DETAILS

 

As on 31.03.2017

 

Names of Person

 

Capital Contribution (INR in Million)

Vinay  Saraogi

 

2.625

Murari Lal  Saraogi

 

1.063

Arvind Premchand Jain

 

19.250

Sanwar Mal Jain

 

1.062

Meena Sureshchand Jain

 

0.500

Sureshchand Premchand Jain

 

0.500

Total

 

25.000

 

 

BUSINESS DETAILS

 

Line of Business :

The subject engaged into construction activity (Registered Activity and also Confirmed by management)

 

 

Products :

Construction Activity

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

CIELO Real Estate LLP

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

Not Divulged

Person Name (With Designation) :

--

Contact Number :

--

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 :

--

 

·         Kotak Mahindra Bank Limited

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

HDFC Bank Limited

40.000

0.000

Cash Credit with Kotak Mahindra Bank

30.108

0.000

Kotak Mahindra Bank – Buyers Credit

0.000

64.427

Kotak Mahindra Bank – OD Account

0.000

73.943

Total

70.108

138.370

 

Auditors :

 

Name :

Sunil Praveen Chandra Shah

Chartered Accountant

Address :

Flat No. 604, Building B-1, Kumar Piccaso, Hadapsar, Pune-411028, Maharashtra, India

Membership Number :

037483

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Group Companies (Confirmed by management) :

Pride Purple Properties

Pride Facility Management Services

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Name of Partners

Profit /Loss Ration

Opening Balance

As on 01.04.2016

Addition during the year

Profit / (Loss) During the year

Withdrawals

Closing Balance

As on 31.03.2017

Arvind P. Jain

77.00%

19.250

--

--

--

19.250

Murari Saraogi

4.25%

1.063

--

--

--

1.063

Sanwar Mal Jain

4.25%

1.062

--

--

--

1.062

Sureshchand Premchand Jain

2.00%

0.500

--

--

--

0.500

Meena Jain

2.00%

0.500

--

--

--

0.500

Vinay Saraogi

10.50%

2.625

--

--

--

2.625

Total

100.00%

25.000

--

--

--

25.000

 

 

Partners Current Capital Account 

 

Name of Partners

Profit /Loss Ration

Opening Balance

As on 01.04.2016

Addition during the year

Profit / (Loss) During the year

Withdrawals

Closing Balance

As on 31.03.2017

Arvind P. Jain

77.00%

(28.246)

281.340

218.143

143.280

327.957

Murari Saraogi

4.25%

12.762

0.000

12.040

0.000

24.802

Sanwar Mal Jain

4.25%

10.262

0.000

12.040

0.000

22.302

Sureshchand Premchand Jain

2.00%

(13.877)

10.000

5.666

0.000

1.789

Meena Jain

2.00%

(13.877)

15.000

5.666

0.000

6.789

Vinay Saraogi

10.50%

21.846

0.000

29.747

0.000

51.593

Total

100.00%

(11.130)

306.340

283.302

143.280

435.232

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

EQUITY AND LIABILITIES

 

 

 

1] Partners Capital

460.232

13.870

310.191

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

78.955

78.955

78.955

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

539.187

92.825

389.146

LOAN FUNDS

 

 

 

1] Secured Loans

70.108

138.370

309.709

2] Unsecured Loans

126.807

77.550

58.271

TOTAL BORROWING

196.915

215.920

367.980

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

736.102

308.745

757.126

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

116.974

132.833

140.018

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

625.180

568.066

414.340

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
2426.392
3440.875
1647.392

 

Sundry Debtors
43.062
0.000
0.000

 

Cash & Bank Balances
29.057
16.632
114.708

 

Other Current Assets
0.000
0.000
0.000

 

Loans & Advances
393.393
160.599
118.083

Total Current Assets
2891.904
3618.106
1880.183

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
2736.861
141.658
86.357

 

Other Current Liabilities
0.000
3856.192
1575.663

 

Provisions
161.095
12.410
15.395

Total Current Liabilities
2897.956
4010.260
1677.415

Net Current Assets
(6.052)
(392.154)
202.768

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

736.102

308.745

757.126

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

2443.093

0.000

13.050

 

Other Income

18.407

15.394

1.752

 

TOTAL

2461.500

15.394

14.802

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Raw material consumed

220.974

393.751

221.084

 

Purchases made for re-sale

137.203

350.616

254.336

 

Increase/(decrease) in stocks [including for raw

materials, work in progress and finished goods]

1014.483

(1793.483)

(1647.392)

 

Other expenses

0.000

0.000

28.684

 

Consumption of stores and spare parts

489.341

812.378

487.018

 

Power and fuel

1.561

3.153

2.423

 

Personnel Expenses

92.752

90.842

0.000

 

Administrative expenses

7.794

55.689

490.790

 

Payment to auditors

0.030

0.029

0.029

 

Selling expenses

31.924

63.203

121.578

 

Insurance expenses

0.962

1.396

0.000

 

TOTAL

1997.024

(22.426)

(41.450)

 

 

 

 

 

 

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

464.476

37.820

56.252

 

 

 

 

 

Less

FINANCIAL EXPENSES

10.650

14.924

29.195

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

453.826

22.896

27.057

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

20.504

22.427

18.599

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

433.322

0.469

8.458

 

 

 

 

 

Less

TAX

150.019

0.145

2.614

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

283.303

0.324

5.844

 

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

6.43

0.00

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

56.73

0.00

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

2789.00

69.46

66.30

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.19

0.01

0.03

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

3.97

0.28

0.40

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.85

0.98

0.84

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.37

2.33

0.95

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

5.61

44.04

4.46

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.22

1.43

0.36

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

43.61

2.53

1.93

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

 ((PAT / Sales) * 100)

%

11.60

0.00

44.78

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

7.80

0.01

0.24

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

52.54

0.35

1.50

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.16

1.02

1.32

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.36

0.18

0.37

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.15

0.02

0.16

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.43

15.57

1.19

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.16

1.02

1.32

 

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

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Partners’ Capital

310.191

13.870

460.232

Reserves & Surplus

78.955

78.955

78.955

Net worth

389.146

92.825

539.187

 

 

 

 

Secured Loans

309.709

138.370

70.108

Unsecured Loans

58.271

77.550

126.807

Total borrowings

367.980

215.920

196.915

Debt/Equity ratio

0.946

2.326

0.365

 

 

 

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

14.802

15.394

2443.093

 

 

3.999

15770.424

 

 

 

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

14.802

15.394

2443.093

Profit

5.844

0.324

283.303

 

39.48%

2.10%

11.60%

 

 

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

No

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 years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

29

Profitability for last two years

Yes

30

Major shareholders, if available

No

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

 

UNSECURED LOANS

 

PARTICULAR

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Charisma Combines Private Limited

7.727

0.000

Computer Point Limited

13.650

12.500

Couple Finvest Private Limited

5.274

0.000

Maya S Jain

5.550

5.550

M S Charisma Enclaves Private Limited

0.000

5.000

Charisma Enclaves Private Limited

5.540

0.000

North City Creations Private Limited

16.620

15.000

Ritesh Enclave Private Limited

8.310

7.500

Ritesh Nirman Private Limited

4.420

0.000

Ritesh Real Estates Private Limited

19.886

0.000

Ritesh Vanjiya Private Limited

22.160

20.000

Sanjay Raja Brothers HUF

3.500

3.500

Sanjay Raja Sandeep Kumar Jain HUF

2.500

2.500

Sanjay Raja Sureshchand Jain HUF

1.500

1.500

Shree Balaji Mercantiles Private Limited 

5.470

1.500

Sureshchand Chhotelal Jain HUF

1.500

0.000

Surjeet Jain HUF

3.000

3.000

Total

                        126.607

77.550

 

 

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY LLP

 

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 91.09

Euro

1

INR 79.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAV

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

JYTK

 

 

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.