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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508413

Report Date :

12.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

VATIKA LIMITED (w.e.f.28.05.2007)

 

 

Formerly Known As :

VATIKA LANDBASE LIMITED (w.e.f.08.02.2007)

 

VATIKA LANDBASE PRIVATE LIMITED (w.e.f.28.12.2001)

 

K.J. REALTORS PRIVATE LIMITED

 

 

Registered Office :

Vatika Triangle, 4th Floor, Sushant Lok, Phase I, Block A, Mehrauli - Gurgaon Road, Gurugram – 122002, Haryana

Tel. No.:

91-124-4177777

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

02.07.1998

 

 

Com. Reg. No.:

05-054821

 

 

Capital Investment / Paid-up Capital :

INR 556.882 Million

 

 

CIN No.:

[Company Identification No.]

U74899HR1998PLC054821

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

06AABCV5647G1Z9

 

 

TIN No.:

06791823654

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCV5647G

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is primarily engaged in the business of promotion, construction, development, sale and maintenance of real estate properties in India. [Registered Activity]

 

 

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 :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 30000000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 1998 and it having satisfactory track.

 

The company is engaged in real estate development.

 

As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31-03-2017 but the documents related to the financial for the year 2017 are not available from any sources.

 

As per available financials of 2016, the company has registered decrease its revenue from operations as compared to previous year and reported losses.

 

However, rating takes into consideration sound financial profile of the company marked by healthy networth base and average debt balance sheet.

 

Further, rating also derives strength from established track records of business operations and market position along with experienced management team.

 

Rating strength is partially offset by declined in the revenue profile during the year, exposed to project execution risks and slowdown in the real estate industry.

 

Trade relations are fair. Payment terms are seems to be slow but correct.

 

In view of aforesaid, the company can be considered for normal business dealings 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.

 

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 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

 

MANAGEMENT NON-COOPERATIVE (91-124-4177777)

 

 

LOCATIONS

 

Registered Office :

Vatika Triangle, 4th Floor, Sushant Lok, Phase I, Block A, Mehrauli - Gurgaon Road, Gurugram – 122002, Haryana, India

Tel. No.:

91-124-4177777

Fax No.:

91-124-4177700

E-Mail :

secretarial@vatikagroup.com

info@vatikagroup.com

Website:

www.vatikagroup.com

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Gautam Bhalla

Designation :

Managing Director

Address :

No. 4, Hyde Park, Bandh Road Sultanpur, Mehrauli New Delhi -110030, India

Date of Birth/Age :

08.05.1978

Qualification:

MBA

Date of Appointment :

01.04.2012

DIN No.:

00005043

PAN No.:

AGMPB8807G

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74999DL2017PTC327495

AUROKIRAN CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED

21/12/2017

-

U70100DL2015PTC277477

ADMINA DEVELOPERS PRIVATE LIMITED

03/03/2015

-

U70200DL2015PTC277597

LUFTI DEVELOPERS PRIVATE LIMITED

05/03/2015

-

U70200DL2015PTC277596

HAMON DEVELOPERS PRIVATE LIMITED

05/03/2015

-

U70100HR2015PTC068297

BAYANI DEVELOPERS PRIVATE LIMITED

03/03/2015

-

U70100DL2015PTC277476

ADALWIN DEVELOPERS PRIVATE LIMITED

03/03/2015

-

U70101DL2000PTC103128

EVERLAST PROJECTS PRIVATE LIMITED,

24/04/2006

-

U45201DL2004PTC128334

ALASKA CONSTRUCTIONS PRIVATE LIMITED

30/09/2010

-

U51225DL2002PTC116336

VATIKA IT PARKS PRIVATE LIMITED

31/08/2006

-

U45400DL2007PTC165517

SH TECH PARK DEVELOPERS PRIVATE LIMITED

01/02/2011

-

U70109DL2011PTC216735

FLAX DEVELOPERS PRIVATE LIMITED

29/03/2011

-

U31300DL1984PTC017631

EMILIA ESTATES PRIVATE LIMITED

30/01/2003

-

U55101DL1989PTC036387

VATIKA HOSPITALITY PRIVATE LIMITED

29/09/2007

-

U70109DL2006PTC151843

VATIKA PROPBUILD PRIVATE LIMITED

09/08/2006

-

U45201DL2002PTC114388

VATIKA SPACE MANAGEMENT PRIVATE LIMITED

27/02/2002

-

U55101DL2004PTC126079

VATIKA HOTELS PRIVATE LIMITED

01/04/2017

-

U70109DL2006PTC151704

FAMOUS DWELLERS PRIVATE LIMITED

05/08/2006

-

U70109DL2011PTC215498

VATIKA SOVEREIGN PARK PRIVATE LIMITED

08/09/2016

-

U70109DL2006PTC151705

ASPIRE PROMOTERS PRIVATE LIMITED

05/08/2006

-

U70100DL2011PTC226157

VATIKA SEVEN ELEMENTS PRIVATE LIMITED

08/09/2016

-

U80302DL2006PTC147271

PD E EDUCATION PRIVATE LIMITED

30/09/2017

-

U70101HR2014PLC052617

TRISHUL PROPBUILD LIMITED

30/06/2014

-

U70100DL2012PTC239429

GREEN EDGE INFRAMART PRIVATE LIMITED

30/09/2017

-

 

 

Name :

Mr. Anil Bhalla

Designation :

Wholetime Director

Address :

No. 4, Sultanpur, Mehrauli Gurgaon Road Mehrauli New Delhi -110030, India

Date of Birth/Age :

28.05.1949

Qualification:

MA

Date of Appointment :

01.04.2012

DIN No.:

00005049

PAN No.:

AFEPB9416N

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U70100HR2015PTC068297

BAYANI DEVELOPERS PRIVATE LIMITED

29/08/2016

-

U70200DL2015PTC277596

HAMON DEVELOPERS PRIVATE LIMITED

26/08/2016

-

U70109DL2006PTC151843

VATIKA PROPBUILD PRIVATE LIMITED

30/08/2010

-

U70200DL2015PTC277597

LUFTI DEVELOPERS PRIVATE LIMITED

16/09/2016

-

U74999DL2017PTC327495

AUROKIRAN CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED

21/12/2017

-

U70109DL2006PTC151844

VALTERNA PROMOTERS AND DEVELOPERS PRIVATE LIMITED

24/09/2010

-

U70101HR2014PLC052617

TRISHUL PROPBUILD LIMITED

30/06/2014

-

U70100DL2011PTC214305

PANDORA BUILDERS PRIVATE LIMITED

17/02/2011

-

U45200DL2010PTC209853

VATIKA INFRACON PRIVATE LIMITED

26/08/2011

-

U40109DL2008PTC174883

VATIKA POWER PRIVATE LIMITED

04/03/2008

-

U70109DL2008PTC174892

VATIKA INFRATECH PRIVATE LIMITED

04/03/2008

-

U31300DL1984PTC017631

EMILIA ESTATES PRIVATE LIMITED

30/08/2010

-

U45202DL2006PTC145197

VATIKA JAIPUR SEZ DEVELOPERS PRIVATE LIMITED

20/01/2006

-

U45201DL2005PTC141999

SHIVAM INFRATECH PVT LTD

13/07/2010

-

U64201DL2005PTC137087

VLM PROJECTS PRIVATE LIMITED

08/08/2012

-

U74899DL1988PTC034003

VATIKA FARMS PRIVATE LIMITED

14/09/1995

-

U55101DL1989PTC036387

VATIKA HOSPITALITY PRIVATE LIMITED

25/05/1989

-

U45201DL2004PTC128334

ALASKA CONSTRUCTIONS PRIVATE LIMITED

30/09/2010

-

U55101DL2004PTC126079

VATIKA HOTELS PRIVATE LIMITED

01/04/2017

-

U55101DL1990PTC040701

VATIKA HOMES AND HOTELS PRIVATE LIMITED

03/07/1990

-

U70101DL2000PTC103128

EVERLAST PROJECTS PRIVATE LIMITED,

24/04/2006

-

 

 

Name :

Mr. Gaurav Bhalla

Designation :

Director

Address :

No. 4, Sultanpur, Mehrauli, New Delhi -110030, India

Date of Birth/Age :

05.01.1980

Qualification:

Graduate

Date of Appointment :

15.01.2001

DIN No.:

00005060

PAN No.:

AGMPB6974E

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U55101DL2014PTC263135

VATIKA QSR HOSPITALITY PRIVATE LIMITED

26/08/2014

-

U70101HR2014PLC052617

TRISHUL PROPBUILD LIMITED

30/06/2014

-

U45400DL2007PTC165517

SH TECH PARK DEVELOPERS PRIVATE LIMITED

30/09/2008

-

U55101DL1989PTC036387

VATIKA HOSPITALITY PRIVATE LIMITED

30/01/1999

-

U70100DL2015PTC277476

ADALWIN DEVELOPERS PRIVATE LIMITED

17/09/2016

-

U70100DL2015PTC277484

FURIOUS DEVELOPERS PRIVATE LIMITED

03/03/2015

-

U70102DL2015PTC277407

KALEEL DEVELOPERS PRIVATE LIMITED

02/03/2015

-

U70102DL2015PTC277410

PEYMAN DEVELOPERS PRIVATE LIMITED

02/03/2015

-

U70200DL2015PTC277607

WALIF DEVELOPERS PRIVATE LIMITED

05/03/2015

-

U74999HR2018PTC073629

ENVIRO INFRAFACILITY PRIVATE LIMITED

17/04/2018

-

U70101DL2011PTC213414

GALINA DEVELOPERS PRIVATE LIMITED

11/07/2012

-

U70101DL2011PTC213434

KALEENA DEVELOPERS PRIVATE LIMITED

11/07/2012

-

U70101DL2011PTC213675

PEDRO DEVELOPERS PRIVATE LIMITED

11/07/2012

-

U70101DL2011PTC213436

METIS DEVELOPERS PRIVATE LIMITED

11/07/2012

-

U70109DL2011PTC216735

FLAX DEVELOPERS PRIVATE LIMITED

29/09/2014

-

U70100DL2009PTC196222

VATIKA FELICITY DEVELOPERS PRIVATE LIMITED

30/09/2014

-

U72900DL2000PTC105875

BROWZ TECHNOLOGIES PRIVATE LIMITED

15/09/2010

-

U45201DL2002PTC114388

VATIKA SPACE MANAGEMENT PRIVATE LIMITED

27/02/2002

-

U55101DL2004PTC126079

VATIKA HOTELS PRIVATE LIMITED

01/04/2017

-

U01403HR2007PTC036523

GREENFIELD NURSERY AND LANDSCAPES PRIVATE LIMITED

24/09/2008

-

U45201DL2005PTC135015

BUZZ ESTATES PRIVATE LIMITED

01/07/2005

-

U45202DL2006PTC145197

VATIKA JAIPUR SEZ DEVELOPERS PRIVATE LIMITED

20/01/2006

-

U51225DL2002PTC116336

VATIKA IT PARKS PRIVATE LIMITED

31/08/2006

-

U45202DL2005PTC142177

WONDER DEVELOPERS PRIVATE LIMITED

15/09/2010

-

U45201DL2004PTC128334

ALASKA CONSTRUCTIONS PRIVATE LIMITED

29/09/2011

-

U45201DL2005PTC142179

AVON BUILDTECH PRIVATE LIMITED

15/09/2010

-

U45201DL2005PTC142178

SPRING BUILDCON PRIVATE LIMITED

18/09/2010

-

 

 

Name :

Mrs. Manu Raj Singh

Designation :

Director

Address :

H. No. 207, Heritage City, Block-18 Gurugram -122002, Haryana, India

Date of Birth/Age :

03.11.1964

Qualification:

Post Graduate(MSC)

Date of Appointment :

31.03.2015

DIN No.:

06736570

PAN No.:

AIAPS4381A

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U70109DL2013PTC257355

CANOPUS DEVELOPERS PRIVATE LIMITED

15/09/2014

-

U70101DL2013PTC257336

DENEB DEVELOPERS PRIVATE LIMITED

01/09/2014

-

U70102DL2013PTC257365

KALDEN DEVELOPERS PRIVATE LIMITED

16/09/2014

-

U70103DL2014PTC263253

JUBEI DEVELOPERS PRIVATE LIMITED

08/01/2014

-

U70102DL2013PTC262326

TORI DEVELOPERS PRIVATE LIMITED

17/12/2013

-

U70109DL2013PTC262233

HORNET DEVELOPERS PRIVATE LIMITED

16/12/2013

-

U70100DL2013PTC261750

NAVARRA DEVELOPERS PRIVATE LIMITED

06/12/2013

-

U70109DL2012PTC245725

EBERTA DEVELOPERS PRIVATE LIMITED

23/09/2015

-

U70200DL2012PTC245760

HALDIS DEVELOPERS PRIVATE LIMITED

22/09/2014

-

U70109DL2013PTC262208

HOOD DEVELOPERS PRIVATE LIMITED

14/12/2013

-

U70101DL2012PTC245611

HABEN DEVELOPERS PRIVATE LIMITED

22/09/2016

-

U70109DL2012PTC245745

IGNACIO DEVELOPERS PRIVATE LIMITED

21/09/2016

-

U70109DL2006PTC151844

VALTERNA PROMOTERS AND DEVELOPERS PRIVATE LIMITED

19/09/2014

-

U55101DL1990PTC040701

VATIKA HOMES AND HOTELS PRIVATE LIMITED

09/09/2015

-

 

 

Name :

Mrs. Deepa Sibal

Designation :

Director

Address :

84, Hemkunt Colony First Floor, New Delhi -110048, India

Date of Birth/Age :

20.10.1948

Qualification:

Graduate

Date of Appointment :

30.09.2015

DIN No.:

07112357

PAN No.:

AATPS0962J

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U55101DL2004PTC126079

VATIKA HOTELS PRIVATE LIMITED

30/09/2015

-

 

 

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

Anil Bhalla

 

27338616

Gautam Bhalla

 

2028882

Gautam Bhalla

 

2028882

Divya Bhalla

 

373

Kanchan Bhalla

 

2814232

Everlast Projects Private Limited

 

6029750

Blake Investment Holdings Limited

 

381355

Adalwin Developers Private Limited

 

2173899

Flax Developers Private Limited

 

12892220

Total

 

55688209

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

61.44

Promoters- Body corporate

37.88

Public/Other than promoters- Individual/Hindu Undivided Family- Indian

0.68

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is primarily engaged in the business of promotion, construction, development, sale and maintenance of real estate properties in India. [Registered Activity]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

HDFC Bank Limited

Branch :

HDFC Bank House, Senapati Bapat Marg, Lower Parel West, Mumbai - 400013, Maharashtra, India

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 :

--

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2016

As on

31.03.2015

LONG TERM BORROWING

 

 

Rupee term loans from banks

7.899

12.564

Term loans from others

10726.456

4934.270

SHORT TERM BORROWING

 

 

Term loans from others

14176.642

13753.674

Rupee term loans from banks

0.061

687.767

Intercorporate borrowings

930.000

930.000

Other loans and advances, others

720.000

720.000

Total

26561.058

21038.275

 

 

Auditors :

 

Name :

Walker Chandiok and Company

Chartered Accountants

Address :

L-41 Connaught Circus, Delhi, India

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

AAAFW4298E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries (AS ON 31.03.2016):

1. *Vatika Hotels Private Limited

2. *SH Tech Park Developers Private Limited

3. *Vatika Jaipur SEZ Developers Limited

4. *Aspire Promoters Private Limited

5. *Famous Dwellers Private Limited

6. *Valterna Promoters and Developers Private Limited

7. *Vatika IT Parks Private Limited

8. ***Vatika Sovereign Park Private Limited

9. *Gates Developers Private Limited

10. #Trishul Propbuild Limited

11*Vatika Overseas Limited

12.***Vatika Seven Elements Private Limited

13. **Blossom Properties Private Limited

14. **Crazy Properties Private Limited

15. **Pegasus Infrastructure Private Limited

16. **Sahar Land and Housing Private Limited

17. **Espo Developers Private Limited

18. **Mendell Developers Private Limited

19. **Caspar Developers Private Limited

20. **Fermina Developers Private Limited

21. **Winston Developers Private Limited

22. **Avenio Developers Private Limited

23. **Brock Developers Private Limited

24. **Stedman Developers Private Limited

25. **Vatika One India Next Private Limited

26. **Sanskar Buildtech Private Limited

27. **Nakshatra Buildcon Private Limited

28. **Vatika Infratech Private Limited

29. **Magnet Developers Private Limited

30. **Vatika Infracon Private Limited

31. **Payton Developers Private Limited

32. **Vatika One on One Private Limited

33. **Minorca Developers Private Limited

34. **Galina Developers Private Limited

35. **Metis Developers Private Limited

36. **Pedro Developers Private Limited

37. **Clara Developers Private Limited

38. **Aster Promoters & Developers Private Limited

39. **Eberta Developers Private Limited

40. **Velte Developers Private Limited

41. **Antonius Developers Private Limited

42. **Pandora Builders Private Limited

43. **VLM Projects Private Limited

* Wholly owned subsidiaries

** Wholly owned subsidiaries through group companies.

*** Jointly Controlled Entities

# The Company is in the process of voluntary winding up.

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

60000000

Equity Shares

INR 10/- each

INR 600.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

55688209

Equity Shares

INR 10/- each

INR 556.882 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

556.882

556.882

138.759

(b) Reserves and Surplus

9807.663

9891.555

10101.962

(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)

10364.545

10448.437

10240.721

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

11077.843

16252.285

13326.889

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long-term liabilities

11.957

26.017

30.478

(d) long-term provisions

141.384

61.802

34.935

Total Non-current Liabilities (3)

11231.184

16340.104

13392.302

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short-term borrowings

15875.851

16099.841

10364.333

(b) Trade payables

2179.754

2295.632

1986.569

(c) Other current liabilities

47199.156

31819.335

31826.259

(d) Short-term provisions

1830.152

1820.068

1720.146

Total Current Liabilities (4)

67084.913

52034.876

45897.307

 

 

 

 

TOTAL

88680.642

78823.417

69530.330

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

316.686

350.131

355.278

(ii) Intangible Assets

0.675

1.290

0.365

(iii) Tangible assets capital work-in-progress

627.725

271.874

115.014

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

3384.561

4286.390

2566.311

(c) Deferred tax assets (net)

235.199

312.262

331.018

(d) Long-term loans and advances

3433.409

3282.206

6006.274

(e) Other Non-current assets

497.523

497.915

399.619

Total Non-Current Assets

8495.778

9002.068

9773.879

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

770.186

0.000

(b) Inventories

35480.971

30907.797

27656.220

(c) Trade receivables

2458.833

3531.730

1113.509

(d) Cash and bank balances

1012.168

1522.541

948.104

(e) Short-term loans and advances

32037.059

21946.667

17801.401

(f) Other current assets

9195.833

11142.428

12237.217

Total Current Assets

80184.864

69821.349

59756.451

 

 

 

 

TOTAL

88680.642

78823.417

69530.330

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

6679.709

11099.454

16484.589

 

Other Income

3238.403

328.178

252.084

 

TOTAL

9918.112

11427.632

16736.673

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

4503.009

6570.375

12320.043

 

Employee benefit expense

163.300

194.747

170.969

 

CSR expenditure

13.541

0.000

0.000

 

Other expenses

423.456

1053.075

836.788

 

TOTAL

5103.306

7818.197

13327.800

 

 

 

 

 

 

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

4814.806

3609.435

3408.873

 

 

 

 

 

Less

FINANCIAL EXPENSES

4730.535

3207.099

2463.725

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

84.271

402.336

945.148

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

36.631

44.781

32.622

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

47.640

357.555

912.526

 

 

 

 

 

Less

TAX

131.532

149.839

322.037

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

(83.892)

207.716

590.489

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

 

 

Basic

(1.66)

4.11

12.30

 

Diluted

(1.66)

4.11

10.60

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

1508.449

3679.537

2240.147

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

 

 

Net cash flows from (used in) operations

(9929.724)

(3438.893)

(7719.305)

 

 

 

 

Net cash flows from (used in) operating activities

(10286.086)

(3527.099)

(5556.405)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

134.36

116.14

24.66

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

2.72

3.14

14.80

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

176.68

127.53

58.86

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.14

0.12

0.12

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

5.09

5.79

7.24

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.90

0.91

0.88

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

2.75

3.45

2.53

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

6.47

4.98

4.48

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.09

0.06

0.05

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.02

1.13

1.38

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

(1.26)

1.87

3.58

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(0.09)

0.26

0.85

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

(0.81)

1.99

5.77

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.20

1.34

1.30

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.67

0.75

0.70

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.12

0.13

0.15

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

51.11

64.70

186.88

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.20

1.34

1.30

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

31.03.2014

31.03.2015

31.03.2016

 

(INR In Million)

(INR In Million)

(INR In Million)

Share Capital

138.759

556.882

556.882

Reserves & Surplus

10101.962

9891.555

9807.663

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

10240.721

10448.437

10364.545

 

 

 

 

Long-term borrowings

13326.889

16252.285

11077.843

Short term borrowings

10364.333

16099.841

15875.851

Current maturities of long-term debts

2240.147

3679.537

1508.449

Total borrowings

25931.369

36031.663

28462.143

Debt/Equity ratio

2.532

3.449

2.746

 

 

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

16484.589

11099.454

6679.709

 

 

(32.668)

(39.819)

 

 

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

16484.589

11099.454

6679.709

Profit/ (Loss)

590.489

207.716

(83.892)

 

3.58 %

1.87 %

(1.26 %)

 

 

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

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

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

BUSINESS OVERVIEW (AS ON 31.03.2016)

 

Real Estate Sector, a key economic sector in terms of its direct GDP contribution and a key employment generator in terms of its forward and backward linkages with over 250 industries, is cyclical in nature and is primarily driven by consumer sentiments, monetary policy and overall economic outlook. After clear majority at center and government inclination to increase investment in real estate, this sector has potential to drive the demand in 2017-18.

 

The Company posted a consolidated total income of INR 15175.545 Million and consolidated profit after tax of INR 931.615 Million during the year ended March 31, 2016.

 

Despite the current uncertainties and challenges in the Real Estate environment, the Company is continuously maintaining its focus on project execution and delivery by optimal utilization of available resources, surplus asset sales, targeting mid segment housing markets to ensure sustained order book growth, continuing focus on enhancing the quality of service delivery to its customers and cost management across various functions.

 

They believe their focused approach and large asset base will help us sustain and overcome the overall economic uncertainty in F.Y 2016-17/2017-18 and for future years to come.

 

UNSECURED LOANS:

(INR In Million)

Particulars

As on

31.03.2016

As on

31.03.2015

LONG TERM BORROWING

 

 

Term loans from others

302.466

11294.876

Public deposits

41.022

10.575

SHORT TERM BORROWING

 

 

Public deposits

49.148

8.400

Total

392.636

11313.851

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

AMOUNT

ADDRESS

1

G83417568

100168145

INDIA INFOLINE HOUSING FINANCE LIMITED

15/03/2018

-

220000000.0

12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMA400051IN

2

G72219231

100143322

IFCI FACTORS LIMITED

22/12/2017

-

150000000.0

10TH FLOOR, IFCI TOWER,61, NEHRU PLACENEW DELHIHR122004IN

3

G51040715

100117289

INDIA INFOLINE HOUSING FINANCE LIMITED

27/07/2017

-

700000000.0

12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMA400051IN

4

G49361751

100112761

AASAN CORPORATE SOLUTIONS PRIVATE LIMITED

30/06/2017

-

250000000.0

4TH FLOOR, PIRAMAL TOWER ANNEXE,GANPATRAO KADAM MARG,LOWER PAREL

5

G34535930

100072417

VISTRA ITCL (INDIA) LIMITED

19/12/2016

19/12/2016

1750000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN

6

G34536078

100073016

VISTRA ITCL (INDIA) LIMITED

19/12/2016

19/12/2016

3000000000.0

IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMA400051IN

7

G03017555

100024949

HDFC BANK LIMITED

30/03/2016

-

1746000.0

HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN

8

C69442952

10601164

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

20/10/2015

-

1500000000.0

RAMON HOUSE 169BACKBAY RECLAMATIONH T PAREKH MARGMUMBAIMH400020IN

9

C55058010

10572196

IDBI TRUSTEESHIP SERVICES LIMITED

08/05/2015

-

1000000000.0

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN

10

C54083878

10570270

IDBI TRUSTEESHIP SERVICES LIMITED

29/04/2015

-

810000000.0

ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400051IN

 

 

FIXED ASSETS:

 

Tangible assets

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Office equipment
  • Vehicles
  • Computer equipments
  • Leasehold improvements

 

Intangible assets

 

  • Computer software

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No 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 67.22

UK Pound

1

INR 90.88

Euro

1

INR 80.09

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

PSD

 

 

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

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.