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|
MIRA INFORM REPORT
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Report No. : |
508576 |
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Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
VENUS INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED [w.e.f. 14.06.2007] |
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Formerly Known
As : |
SHYAM BUILDCON PRIVATE LIMITED [w.e.f. 10.07.2007] VENUS INFRASTRUCTURE AND DEVELOPERS PRIVATE LIMITED [w.e.f. 28.04.2011] VENUS INFRASTRUCTURE AND DEVELOPERS LIMITED |
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Registered
Office : |
1101, Venus Amadeus, At Jodhpur Cross Road, Opposite Gold Coin
Complex, Satellite Road, Jodhpur, Ahmedabad-380015, Gujarat |
|
Tel. No.: |
91-79-26923333/ 40701111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
09.07.2002 |
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Com. Reg. No.: |
04-040945 |
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Capital
Investment / Paid-up Capital : |
INR 100.000 Million |
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CIN No.: [Company Identification
No.] |
U45201GJ2002PTC040945 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
24AAHCS6254J1Z4 |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAHCS6254J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Service Provider of Commercial and Residential Construction Services. [Confirmed by Management] ·
Subject is engaged into the business of
development of commercial, residential, housing projects and other related
activities. [Registered
Activity] |
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|
|
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 6016000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2002 and it is having a fine track record. It is engaged in providing commercial and residential construction services. For the financial year 2017, the company has reported a dip in its revenue as compared to its previous year but has maintained fair profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operation backed by its well-experienced management team in real estate industry. However, these rating strengths gets partially offset by its heavy losses incurred during the year due to slowdown in the infrastructure and real estate sector. Payment seems to be regular. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
28.02.2018 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 11.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Dilip Kumar Lalwani |
|
Designation : |
Director |
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Contact No.: |
91-9825024444 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered/ Branch Office : |
1101, Venus Amadeus, At Jodhpur Cross Road, Opposite Gold Coin
Complex, Satellite Road, Jodhpur, Ahmedabad-380015, Gujarat, India |
|
Tel. No.: |
91-79-26923333/ 40701111 |
|
Mobile No.: |
91-9825024444 [Mr. Dilip Kumar Lalwani] |
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Fax No.: |
91-79-26409595 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Dilip Kumar Lalwani |
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Designation : |
Director |
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Address : |
R-764-65, R Block New Rajinder Nagar, New Delhi-110060,
India |
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Date of Birth/Age : |
25.03.1961 |
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Qualification : |
Graduate |
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Date of Appointment : |
09.07.2002 |
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PAN No.: |
AAEPL5472F |
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DIN No.: |
00089397 |
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Name : |
Mr. Deepakkumar Budharmal Vaswani |
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Designation : |
Director |
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Address : |
10, Tilak Nagar Society, Ashram Rd, Wadaj,
Ahmedabad-380013, Gujarat, India |
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Date of Birth/Age : |
18.04.1966 |
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Qualification : |
Graduate |
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Date of Appointment : |
09.07.2002 |
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PAN No.: |
AAPPV8625F |
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DIN No.: |
00302910 |
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|
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Name : |
Mr. Rajesh Sunderdas Vaswani |
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Designation : |
Director |
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Address : |
10, Tilaknagar Society, "Rajdeep", Old Wadaj,
Ahmedabad-380013, Gujarat, India |
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Date of Birth/Age : |
02.11.1971 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.07.2005 |
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PAN No.: |
AAOPV6848B |
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DIN No.: |
00812906 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Dilipkumar Lalwani |
|
5000 |
|
Deepak Vaswani |
|
855000 |
|
Lekhraj Lalwani |
|
1000 |
|
Ravi Lalwani |
|
1000 |
|
Kanta Lalwani |
|
500 |
|
Ashok Lalwani |
|
2500 |
|
Rajni Lalwani |
|
2500 |
|
Lavish Lalwani |
|
2500 |
|
Rekha Lalwani |
|
2500 |
|
Jitendra Lalwani |
|
5000 |
|
Omprakash Lalwani |
|
2500 |
|
Madhu Lalwani |
|
2500 |
|
Kamal Lalwani |
|
2500 |
|
Mira Lalwani |
|
5000 |
|
Sheelu Lalwani |
|
7500 |
|
Lalwani Holdings Private Limited |
|
950000 |
|
Ashok Lalwani |
|
850000 |
|
Rajesh Lalwani |
|
850000 |
|
Harsha Lalwani |
|
295000 |
|
Sky Hotels LLP [Formerly known as Sky Hotels Private Limited] |
|
6005000 |
|
Disha Vaswani |
|
150000 |
|
Himanshu Lalwani |
|
2500 |
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Total |
|
10000000 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
30.45 |
|
Promoters – Body Corporate |
69.55 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Service Provider of Commercial and Residential Construction Services. [Confirmed by Management] ·
Subject is engaged into the business of
development of commercial, residential, housing projects and other related
activities. [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 : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Imports : |
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Products : |
Not Available |
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Countries : |
Not Available |
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Terms : |
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Selling : |
Advance Payment and Cheque |
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Purchasing : |
Advance Payment and Cheque |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and Others [Builders/ Direct Customers]
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· State Bank of India Commercial Branch, 3rd Floor, Paramsidhhi
Complex, Ellisbridge, Ahmedabad-380006, Gujarat, India |
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Facilities : |
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Auditors : |
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Name : |
Dharmesh
Parikh and Company Chartered Accountants |
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Address : |
B
302, Anand View Soc, Near. Shahibaug Rly Cross, Ahmedabad-380004, Gujarat,
India |
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PAN No.: |
AAGFD1279G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Sky Hotels Private Limited, India [U55101GJ2007PTC051115] |
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Subsidiary company : |
DRV Builders Private Limited, India [U45201GJ2006PTC048442] |
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Associate companies
: |
· Chirag Services Private Limited, india [U74140GJ1990PTC014758] · Sunderdeep Infrastructure Private Limited, India [U45201GJ2002PTC040946] · Chirag Services LLP · Betterhome Mall Management LLP · Venus Infrabuild · Yesha Developers LLP · Times Buildspace Private Limited, India [U70101GJ2015PTC082981] |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
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|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
100.000 |
100.000 |
100.000 |
|
(b) Reserves and Surplus |
2005.744 |
1885.368 |
1792.491 |
|
(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) |
2105.744 |
1985.368 |
1892.491 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
389.709 |
129.550 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.511 |
1.228 |
|
(c) Other long-term
liabilities |
27.648 |
28.245 |
24.357 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
417.357 |
158.306 |
25.585 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
30.550 |
33.127 |
405.864 |
|
(b) Trade
payables |
11.891 |
26.318 |
39.119 |
|
(c) Other
current liabilities |
341.265 |
171.791 |
269.148 |
|
(d) Short-term
provisions |
4.564 |
7.709 |
40.000 |
|
Total Current
Liabilities (4) |
388.270 |
238.945 |
754.131 |
|
|
|
|
|
|
TOTAL |
2911.371 |
2382.619 |
2672.207 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
20.379 |
26.495 |
31.747 |
|
(ii)
Intangible Assets |
0.819 |
1.070 |
1.093 |
|
(iii) Tangible assets
capital work-in-progress |
80.943 |
54.644 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1502.982 |
1063.088 |
1043.324 |
|
(c) Deferred tax assets (net) |
0.287 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
104.841 |
82.247 |
69.669 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1710.251 |
1227.544 |
1145.833 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1064.154 |
968.408 |
71.501 |
|
(c) Trade
receivables |
0.519 |
6.222 |
9.597 |
|
(d) Cash and
bank balances |
44.261 |
84.373 |
167.889 |
|
(e)
Short-term loans and advances |
68.331 |
74.589 |
126.640 |
|
(f) Other
current assets |
23.855 |
21.483 |
1150.747 |
|
Total
Current Assets |
1201.120 |
1155.075 |
1526.374 |
|
|
|
|
|
|
TOTAL |
2911.371 |
2382.619 |
2672.207 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
378.154 |
406.494 |
565.239 |
|
|
Other Income |
110.470 |
105.646 |
54.204 |
|
|
TOTAL |
488.624 |
512.140 |
619.443 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
250.293 |
317.432 |
356.779 |
|
|
Employee benefit expense |
15.798 |
11.123 |
10.342 |
|
|
Other expenses |
40.101 |
43.284 |
71.076 |
|
|
Exceptional items before tax |
0.000 |
0.000 |
(22.494) |
|
|
TOTAL |
306.192 |
371.839 |
415.703 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
182.432 |
140.301 |
203.740 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
28.438 |
3.294 |
0.297 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
153.994 |
137.007 |
203.443 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.592 |
7.272 |
9.288 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
147.402 |
129.735 |
194.155 |
|
|
|
|
|
|
|
Less |
TAX |
27.026 |
36.858 |
38.569 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
120.376 |
92.877 |
155.586 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
12.04 |
9.29 |
15.56 |
|
PARTICULARS |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
[Due to receive less
orders] |
The above information has been parted by Mr. Dilip Kumar Lalwani [Dircetor]
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
1.617 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
153.217 |
231.549 |
914.850 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
102.248 |
145.891 |
968.436 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
0.50 |
5.59 |
6.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
728.62 |
65.33 |
58.90 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
17.34 |
30.26 |
40.02 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.17 |
0.14 |
2.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.79 |
1.71 |
6.20 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.15 |
0.28 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.20 |
0.08 |
0.22 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.18 |
0.12 |
0.40 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.05 |
0.04 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.42 |
42.59 |
685.99 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
31.83 |
22.85 |
27.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
4.13 |
3.90 |
5.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
5.72 |
4.68 |
8.22 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.09 |
4.83 |
2.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.35 |
0.78 |
1.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.72 |
0.83 |
0.71 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.20 |
1.63 |
4.07 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.09 |
4.83 |
2.02 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
100.000 |
100.000 |
100.000 |
|
Reserves & Surplus |
1792.491 |
1885.368 |
2005.744 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1892.491 |
1985.368 |
2105.744 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
129.550 |
389.709 |
|
Short term borrowings |
405.864 |
33.127 |
30.550 |
|
Current maturities of
long-term debts |
1.617 |
0.000 |
0.000 |
|
Total
borrowings |
407.481 |
162.677 |
420.259 |
|
Debt/Equity
ratio |
0.215 |
0.082 |
0.200 |
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) |
|
Sales |
565.239 |
406.494 |
378.154 |
|
|
|
(28.085) |
(6.972) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
565.239 |
406.494 |
378.154 |
|
Profit/ (Loss) |
155.586 |
92.877 |
120.376 |
|
|
27.53
% |
22.85
% |
31.83
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
100.000 |
100.000 |
|
(b) Reserves and Surplus |
|
2004.727 |
1885.159 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2104.727 |
1985.159 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
389.708 |
129.550 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.511 |
|
(c) Other long-term
liabilities |
|
27.648 |
28.245 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
417.356 |
158.306 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
30.550 |
33.127 |
|
(b) Trade
payables |
|
11.901 |
26.318 |
|
(c) Other
current liabilities |
|
341.746 |
172.614 |
|
(d) Short-term
provisions |
|
4.564 |
7.709 |
|
Total Current
Liabilities (4) |
|
388.761 |
239.768 |
|
|
|
|
|
|
TOTAL |
|
2910.844 |
2383.233 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
20.379 |
26.495 |
|
(ii)
Intangible Assets |
|
0.819 |
1.070 |
|
(iii) Tangible assets
capital work-in-progress |
|
81.152 |
54.853 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1422.758 |
1062.988 |
|
(c) Deferred tax assets (net) |
|
0.287 |
0.000 |
|
(d)
Long-term loans and advances |
|
104.841 |
82.247 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
1630.236 |
1227.653 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1064.154 |
968.408 |
|
(c) Trade
receivables |
|
0.519 |
6.222 |
|
(d) Cash and
bank balances |
|
44.267 |
84.387 |
|
(e)
Short-term loans and advances |
|
84.212 |
75.079 |
|
(f) Other
current assets |
|
87.456 |
21.484 |
|
Total
Current Assets |
|
1280.608 |
1155.580 |
|
|
|
|
|
|
TOTAL |
|
2910.844 |
2383.233 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
378.154 |
406.494 |
|
|
Other Income |
|
105.968 |
99.418 |
|
|
TOTAL |
|
484.122 |
505.912 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
250.293 |
317.432 |
|
|
Employee benefit expense |
|
15.798 |
11.123 |
|
|
Other expenses |
|
41.123 |
43.377 |
|
|
TOTAL |
|
307.214 |
371.932 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
176.908 |
133.980 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
28.438 |
3.294 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
148.470 |
130.686 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
6.592 |
7.272 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
141.878 |
123.414 |
|
|
|
|
|
|
|
Less |
TAX |
|
27.026 |
36.858 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
|
114.852 |
86.556 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
0.294 |
(0.215) |
|
|
|
|
|
|
|
|
SHARE
OF PROFIT (LOSS) OF ASSOCIATES |
|
4.706 |
6.751 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) FOR PERIOD |
|
119.852 |
93.093 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
11.99 |
9.31 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G01757632 |
100020704 |
State Bank of India |
29/03/2016 |
- |
- |
500000000.0 |
Commercial Branch, Paramsidhhi ComplexNear Mahakant Building, Opp. V. S. HopspitalAhmedabadGJ380006IN |
|
2 |
C39377510 |
10281619 |
State Bank of India |
29/03/2011 |
- |
24/12/2014 |
300000000.0 |
COMMERCIAL BRANCH,PARAMSIDHI COMPLEX, ELLISBRIDGE,AHMEDABADGJ380006IN |
|
3 |
C04139473 |
10275676 |
State Bank of India |
02/02/2011 |
- |
15/05/2014 |
350000000.0 |
COMMERCIAL BRANCH,PARAMSIDHI COMPLEX, ELLISBRIDGE,AHMEDABADGJ380006IN |
|
4 |
C04144200 |
10280081 |
State Bank of India |
29/03/2011 |
- |
15/05/2014 |
350000000.0 |
COMMERCIAL BRANCH,3RD FLOOR,PARAMSIDDHI COMPLEX, ELLISBRIDGE,AHMEDABADGJ380006IN |
|
5 |
B75589952 |
10220621 |
STATE BANK OF INDIA |
15/04/2010 |
- |
25/04/2013 |
300000000.0 |
COMMERCIAL BRANCH, PARAMSIDHI COMPLEXELLISBRIDGEAHMEDABADGJ380006IN |
|
6 |
A88338116 |
10099509 |
STATE BANK OF INDIA |
15/01/2008 |
- |
09/06/2010 |
200000000.0 |
PARAMSIDDHI COMPLEX, NR. MAHAKANT BUILDINGELLISBRIDGE,AHMEDABADGJ380006IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
0.000 |
26.878 |
|
|
|
|
|
Total |
0.000 |
26.878 |
CHANGE OF ADDRESS:
The Registered address of the company has been shifted from 801, Brodway Business Center, Opposite Mayors' Bunglow, Ahmedabad- 380006, Gujarat, India to the present address
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
RUB |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.