|
|
|
MIRA INFORM REPORT
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Report No. : |
509250 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARG DEVELOPERS PRIVATE LIMITED |
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|
|
|
Registered
Office : |
E-52, Chitranjan Marg, C-scheme, Jaipur – 302001,
Rajasthan |
|
Tel. No.: |
91-141-4086677 |
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|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
09.02.2007 |
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|
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Com. Reg. No.: |
17-023820 |
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|
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Capital
Investment / Paid-up Capital : |
INR 55.515 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201RJ2007PTC023820 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AAGCA1478F1ZQ |
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TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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TIN No.: |
08734752181 |
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PAN No.: [Permanent Account No.] |
AAGCA1478F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of real estate and construction of the residential and commercial projects. [Registered Activity] |
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|
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 720000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007. It is engaged into Construction business. For the financial year 2017, the revenue of the company has decreased by 28.80% but has managed to maintain average profit margin of 1.9%. The rating takes into consideration the satisfactory financial profile of the company marked by adequate networth base along with comfortable debt coverage indicators. However, rating strength are partially offset by unfavourable gap between trade payables and trade receivables highly competitive construction industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for 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
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities (Issuer not
cooperating): BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
05.04.2018 |
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 15.05.2018
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 (91-141-4086677)
LOCATIONS
|
Registered Office : |
E-52, Chitranjan Marg, C-scheme, Jaipur – 302001,
Rajasthan, India |
|
Tel. No.: |
91-141-4086677 |
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Fax No.: |
91-141-4086666 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Atma Ram Gupta |
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Designation : |
Director |
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Address : |
702 Madhav Vilas, Madhav Singh Circle, Banipark, Jaipur -302016,
Rajasthan, India |
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Date of Birth/Age : |
03.03.1957 |
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Qualification: |
Chartered Accountant |
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Date of Appointment : |
09.02.2007 |
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DIN No.: |
00297706 |
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PAN No.: |
ADSPG7611C |
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Other Directorship:
|
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Name : |
Mr. Shashi Gupta |
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Designation : |
Director |
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Address : |
702, Madhav Vilas Madho Singh Circle, Banipark, Jaipur
-302016, Rajasthan, India |
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Date of Birth/Age : |
18.10.1956 |
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Qualification: |
B.Com |
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Date of Appointment : |
09.02.2007 |
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DIN No.: |
00297833 |
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PAN No.: |
ADFPG5645P |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Naveen Kumar Jain |
|
Designation : |
Company Secretary |
|
Address : |
53-54, Mansarovar Colony, Jhotwara, Jaipur -302012,
Rajasthan, India |
|
Date of Birth/Age : |
04.08.1984 |
|
Qualification: |
Company Secretary |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
AMEPJ3057E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Atma Ram Gupta |
|
1746807 |
|
Shashi Gupta |
|
309909 |
|
Prateek Buildcon Private Limited, India |
|
1036629 |
|
Vishal Exim Private Limited, India |
|
2243206 |
|
Hari Mohan Gupta |
|
2285 |
|
Shree Ram Gupta |
|
5426 |
|
Nand Kishore Khandelwal |
|
2275 |
|
Piyush Maheshwari |
|
1301 |
|
Akshay Mamodia |
|
23642 |
|
ARG Build Home Private Limited, India |
|
180000 |
|
Dinesh Kanoongo |
|
1 |
|
Gopal Das Sonkiya |
|
1 |
|
Naveent Pareek |
|
1 |
|
Sonia Pareek |
|
1 |
|
Suresh Pareek |
|
1 |
|
Rakesh Jain |
|
1 |
|
Shyam Sunder Khandelwal |
|
1 |
|
Radha Devi Khtoriya |
|
1 |
|
Total |
|
5551488 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
37.05 |
|
Promoters- Body corporate |
59.08 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
0.63 |
|
Public/Other than promoters - Body corporate |
3.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of real estate and construction of the residential and commercial projects. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
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Auditors : |
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|
Name : |
Verma Sushilkumar and Company Chartered Accountants |
|
Address : |
A - 3 2, Bhannagar, Queens Road, Ajmer Road ,Jaipur-302021, Rajasthan, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADPV4088J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises in which
directors have significant influence: |
1. ARG Royal Ensign Developers Private Limited 2. ARG Housing Private Limited 3. Shyam Kripa Buildwell Private Limited 4. ARG Township Developers Private Limited (Subsidiary Company) 5. ARG Buildhome Private Limited 6. ARG Land Developers Private Limited 7. Prateek Buildcon Private Limited 8. Vishal Exim Private Limited 9. Grass Field Fire Capital Developers Private Limited 10. ARG Infra Developers Private Limited 11 Shyam Kripa Enterprises 12 Kamayani Agencies Private Limited 13. Shri AR Gupta HUF 14. Grass Field Farms and Resorts Private Limited 15. Grass Field Fire Estate Private Limited 16. Grass Field Fire Land Developers Private Limited 17. Grass Field Fire Propcon Private Limited 18. Grass Field Buildhome Private Limited 19. Auto Logistics Park Private Limited 20. Greentech Mega Food Park Private Limited 21. M/s AR Developers 22. ARG Kriscon Developers Private Limited 23. ARG CG Developers LLP 24. M/s Shyam Kripa Interior 25. M/s Time Square Retail 26. Creative Solutions LLP 27. ARG Foods LLP |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
INR 10/- each |
INR 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5551488 |
Equity Shares |
INR 10/- each |
INR 55.515 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
55.515 |
55.515 |
55.515 |
|
(b) Reserves &
Surplus |
197.724 |
194.781 |
186.947 |
|
(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) |
253.239 |
250.296 |
242.462 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
933.383 |
724.694 |
548.229 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.099 |
|
(c) Other long term
liabilities |
6.795 |
3.469 |
3.469 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
940.178 |
728.163 |
551.797 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9.000 |
33.133 |
0.000 |
|
(b) Trade payables |
20.144 |
39.657 |
49.441 |
|
(c) Other current
liabilities |
698.459 |
565.342 |
846.735 |
|
(d) Short-term provisions |
6.613 |
10.168 |
25.687 |
|
Total Current Liabilities
(4) |
734.216 |
648.300 |
921.863 |
|
|
|
|
|
|
TOTAL |
1927.633 |
1626.759 |
1716.122 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.511 |
7.191 |
9.944 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
193.411 |
175.702 |
234.553 |
|
(c) Deferred tax assets
(net) |
0.817 |
0.711 |
0.000 |
|
(d) Long-term Loan and Advances |
536.078 |
413.482 |
232.651 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
734.817 |
597.086 |
477.148 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
895.972 |
741.907 |
555.917 |
|
(c) Trade receivables |
270.552 |
249.950 |
493.804 |
|
(d) Cash and cash
equivalents |
1.372 |
15.684 |
49.208 |
|
(e) Short-term loans and
advances |
7.718 |
9.055 |
121.631 |
|
(f) Other current assets |
17.202 |
13.077 |
18.414 |
|
Total Current Assets |
1192.816 |
1029.673 |
1238.974 |
|
|
|
|
|
|
TOTAL |
1927.633 |
1626.759 |
1716.122 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
147.953 |
207.803 |
429.692 |
|
|
Other Income |
25.285 |
34.603 |
25.729 |
|
|
TOTAL |
173.238 |
242.406 |
455.421 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
7.526 |
94.036 |
340.550 |
|
|
Employees benefits
expense |
17.930 |
16.675 |
16.773 |
|
|
CSR expenditure |
0.848 |
0.880 |
0.694 |
|
|
Other expenses |
45.524 |
36.397 |
42.478 |
|
|
TOTAL |
71.828 |
147.988 |
400.495 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
101.410 |
94.418 |
54.926 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
94.736 |
79.091 |
10.360 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
6.674 |
15.327 |
44.566 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.899 |
3.291 |
4.182 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
4.775 |
12.036 |
40.384 |
|
|
|
|
|
|
|
Less |
TAX |
1.832 |
4.202 |
13.748 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
2.943 |
7.834 |
26.636 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.53 |
1.41 |
4.80 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
206.279 |
159.900 |
30.083 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(117.706) |
(174.528) |
(253.455) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(122.707) |
(189.211) |
(281.134) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
667.45 |
439.03 |
419.46 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.55 |
0.83 |
0.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
976.95 |
153.93 |
52.99 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.11 |
0.13 |
0.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
22.48 |
13.13 |
5.52 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.97 |
0.94 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.54 |
3.67 |
2.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.90 |
2.59 |
3.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.03 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.07 |
1.19 |
5.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.99 |
3.77 |
6.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.15 |
0.48 |
1.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.16 |
3.13 |
10.99 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.62 |
1.59 |
1.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.40 |
0.44 |
0.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.13 |
0.15 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
20.69 |
16.53 |
10.42 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.62 |
1.59 |
1.34 |
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 |
|
Share Capital |
55.515 |
55.515 |
55.515 |
|
Reserves & Surplus |
186.947 |
194.781 |
197.724 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
242.462 |
250.296 |
253.239 |
|
|
|
|
|
|
Long Term borrowings |
548.229 |
724.694 |
933.383 |
|
Short Term borrowings |
0.000 |
33.133 |
9.000 |
|
Current Maturities of Long term debt |
30.083 |
159.900 |
206.279 |
|
Total
borrowings |
578.312 |
917.727 |
1148.662 |
|
Debt/Equity
ratio |
2.385 |
3.667 |
4.536 |
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
|
429.692 |
207.803 |
147.953 |
|
|
|
(51.639) |
(28.801) |
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
|
429.692 |
207.803 |
147.953 |
|
Profit |
26.636 |
7.834 |
2.943 |
|
|
6.20% |
3.77% |
1.99% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
55.515 |
55.515 |
|
(b) Reserves &
Surplus |
|
230.061 |
221.510 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Minority interest |
|
16.579 |
15.908 |
|
Total Shareholders’ Funds
(1) + (2) |
|
302.155 |
292.933 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
908.286 |
784.116 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
6.794 |
3.469 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
915.080 |
787.585 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
9.000 |
33.133 |
|
(b) Trade payables |
|
20.144 |
39.657 |
|
(c) Other current
liabilities |
|
837.432 |
644.697 |
|
(d) Short-term provisions |
|
32.911 |
43.116 |
|
Total Current Liabilities
(4) |
|
899.487 |
760.603 |
|
|
|
|
|
|
TOTAL |
|
2116.722 |
1841.121 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.527 |
7.219 |
|
(ii) Intangible Assets |
|
1.831 |
1.831 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
175.114 |
153.771 |
|
(c) Deferred tax assets
(net) |
|
0.819 |
0.712 |
|
(d) Long-term Loan and Advances |
|
536.078 |
413.482 |
|
(e) Other Non-current
assets |
|
0.000 |
0.027 |
|
Total Non-Current Assets |
|
718.369 |
577.042 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1032.378 |
883.483 |
|
(c) Trade receivables |
|
270.617 |
250.015 |
|
(d) Cash and cash
equivalents |
|
3.038 |
32.389 |
|
(e) Short-term loans and
advances |
|
73.313 |
82.594 |
|
(f) Other current assets |
|
19.007 |
15.598 |
|
Total Current Assets |
|
1398.353 |
1264.079 |
|
|
|
|
|
|
TOTAL |
|
2116.722 |
1841.121 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
158.780 |
302.344 |
|
|
Other Income |
|
42.372 |
54.355 |
|
|
TOTAL |
|
201.152 |
356.699 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
149.411 |
298.436 |
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
12.846 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(136.406) |
(141.576) |
|
|
Employees benefits
expense |
|
21.910 |
28.379 |
|
|
CSR expenditure |
|
0.848 |
0.880 |
|
|
Other expenses |
|
46.327 |
38.654 |
|
|
TOTAL |
|
82.090 |
237.619 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
119.062 |
119.080 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
104.927 |
91.554 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
14.135 |
27.526 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.939 |
3.337 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
12.196 |
24.189 |
|
|
|
|
|
|
|
Less |
TAX |
|
2.974 |
7.538 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
9.222 |
16.651 |
|
|
|
|
|
|
|
|
MINORITY INTEREST |
|
(0.671) |
(1.191) |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS) FOR
PERIOD |
|
8.551 |
15.460 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
1.54 |
2.78 |
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from banks |
37.580 |
41.113 |
|
Intercorporate borrowings |
259.991 |
210.887 |
|
Loans and advances from directors |
100.547 |
92.000 |
|
Loans and advances from others |
54.850 |
52.560 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
0.000 |
2.382 |
|
Total |
452.968 |
398.942 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G80252273 |
100163435 |
AKME STAR HOUSING
FINANCE LIMITED- CONSORTIUM |
26/12/2017 |
- |
35000000.0 |
AKME BUSINESS
CENTRE, 4-5 SUBCITY CENTRESAVINA CIRCLEUDAIPURRJ313002IN |
|
2 |
G38793535 |
100084494 |
PNB HOUSING
FINANCE LIMITED |
22/02/2017 |
- |
181000000.0 |
9TH FLOOR ANTRIKSH
BHAWAN22 K G MARGNEW DELHIDE110001IN |
|
3 |
G38613329 |
100083984 |
RELIANCE HOME
FINANCE LIMITED |
31/01/2017 |
- |
29500000.0 |
RELIANCE CENTRE,
6TH FLOOR, SOUTH WING,OFF. WESTERN EXPRESS HIGHWAY, SANTACRUZ (EAST)MUMBAIMA400055IN |
|
4 |
G41225228 |
100090241 |
ICICI BANK LIMITED |
30/01/2017 |
- |
30000000.0 |
ICICI BANK TOWER,
NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
5 |
G43396712 |
100096170 |
AU SMALL FINANCE
BANK LIMITED |
03/12/2016 |
- |
150000000.0 |
19-A DHULESHWAR
GARDENJAIPURRA302001IN |
|
6 |
G41280496 |
100090428 |
INDIA INFOLINE
HOUSING FINANCE LIMITED |
30/11/2016 |
- |
37000000.0 |
12A-10, 13TH
FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMA400051IN |
|
7 |
G83070730 |
100022780 |
BHALA FINANCE
PRIVATE LIMITED |
31/03/2016 |
15/03/2018 |
17500000.0 |
6-B, 4TH FLOOR,
MAN UPASANA PLAZA,C-44 SARDAR PATEL MARG, C-SCHEME, JAIPURJAIPURRA302001IN |
|
8 |
C64619992 |
10591808 |
UCO BANK |
08/09/2015 |
- |
20000000.0 |
SB 57, RIDHI
TOWER, IN FRONT OF SMS STADIUM,TONK ROADJAIPURRJ302015IN |
|
9 |
C65962029 |
10594526 |
RELIANCE HOME
FINANCE LIMITED |
01/09/2015 |
- |
2500000.0 |
570, RECTIFIER HOUSE,
3RD FLOORNAIGAUM CROSS ROAD, WADALAMUMBAIMH400031IN |
|
10 |
C65959199 |
10594524 |
RELIANCE HOME
FINANCE LIMITED |
01/09/2015 |
- |
37500000.0 |
570, RECTIFIER
HOUSE, 3RD FLOORNAIGAUM CROSS ROAD, WADALAMUMBAIMH400031IN |
FIXED ASSETS:
Tangible assets
- Plant and equipment
- Furniture and fixtures
- Vehicles
- 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,
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 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.