|
|
|
MIRA INFORM REPORT
|
Report No. : |
508418 |
|
Report Date : |
14.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
GAURSONS INDIA PRIVATE LIMITED (w.e.f. 12.04.2017) |
|
|
|
|
Formerly Known
As : |
GAURSONS INDIA LIMITED |
|
|
|
|
Registered Office
: |
D – 25, Vivek Vihar, Delhi – 110095 |
|
Mobile No.: |
91-9555802222 (Mr. Srinivasan) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
20.01.1995 |
|
|
|
|
Com. Reg. No.: |
55-064555 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 154.347 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PTC064555 |
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|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCG3895Q1ZU |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCG3895Q |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction activity. [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 5100000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1995 having
good track records. For the financial year ended 2017, the company has witnessed a growth in
its revenue and has achieved profit margin at 0.78% (approx.) The company possesses sound financial profile marked by healthy net
worth base along with low debt level and favourable gap between trade
payables trade payables to its trade receivables. The company also derives strength from its long standing track record
of business operations. However, the rating strength is partially offset by highly competitive
real estate business. Trade relations are reported as fair. Business is active. Payment terms
are seems to be slow but correct. In view of the 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 |
ICRA |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
31.05.2017 |
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 14.05.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Srinivasan |
|
Designation : |
Sales Department |
|
Contact No.: |
91-9555802222 |
|
Date : |
11.05.2015 |
MANAGEMENT NON-COOPERATIVE (91-120-4343333)
LOCATIONS
|
Registered Office : |
D – 25, Vivek Vihar, Delhi – 110095, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9555802222 (Mr. Srinivasan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Gaur Biz Park Plot No.1, Abhaykhand II, Indirapuram,
Ghaziabad - 201014, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4343333 |
|
Fax No.: |
91-120-4167319 |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Manoj Gaur |
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|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-159 Block B, Yojana Vihar, Delhi -110092, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.08.1969 |
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|
Qualification: |
LL.B |
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Date of Appointment : |
20.01.1995 |
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DIN No.: |
00582603 |
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|
PAN No.: |
AARPG9253A |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
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Name : |
Mrs. Manju Gaur |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
B-159 Block B, Yojana Vihar, Delhi -110092, India |
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|
Date of Birth/Age : |
18.07.1970 |
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|
Qualification: |
Graduate |
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|
Date of Appointment : |
27.10.2010 |
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|
DIN No.: |
03310710 |
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Other Directorship:
|
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|
Name : |
Mr. Murari Lal Gaur |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
K 107 Pratap Vihar Sec.12, L Block, Ghaziabad - 201001,
Uttar Pradesh, India |
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Date of Birth/Age : |
10.06.1949 |
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|
Qualification: |
Graduate |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
06438669 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Veenu Gupta |
|
Designation : |
Company Secretary |
|
Address : |
12 C SFS DDA Flats, Highway Apartments, Ghazipur, Delhi
110096, India |
|
Date of Birth/Age : |
26.10.1980 |
|
Qualification: |
CA, CS |
|
Date of Appointment : |
21.06.2016 |
|
PAN No.: |
AKXPG3085E |
|
|
|
|
Name : |
Mr. Digvijay Purohit |
|
Designation : |
Chief Finance Officer |
|
Address : |
32-D PKT-A2 Mayur Vihar, PH-III, Delhi- 110096, India |
|
Date of Birth/Age : |
20.10.1963 |
|
Qualification: |
CA |
|
Date of Appointment : |
30.07.2014 |
|
PAN No.: |
AAAPP1748E |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Manoj Gaur |
|
9387914 |
|
Manju Gaur |
|
325080 |
|
Manoj Gaur & HUF |
|
425250 |
|
I P Estates Private Limited, India |
|
1167631 |
|
Gaursons Developers Private Limited, India |
|
1799700 |
|
Gaursons Hi-Tech Infrastructure Private Limited, India |
|
1260000 |
|
Shri Shyam Buildcon Private Limited, India |
|
1069089 |
|
Total |
|
15434664 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
65.69 |
|
Promoters- Body corporate |
26.75 |
|
Public/Other than promoters - Body corporate |
7.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction activity. [Registered Activity] |
||||
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Products / Services
: |
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||||
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|
||||
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Brand Names : |
Not Available |
||||
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|
||||
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
||||
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|
||||
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Imports : |
Not Divulged |
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|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
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Customers : |
|
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|
||||||||||||||||||||||
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No. of Employees : |
Information denied by the management |
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|
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
G.S. Mathur and Company Chartered Accountants |
|
Address : |
A-160, Defence Colony, New Delhi-110024, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFG1724F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries: |
|
|
|
|
|
Entities in
which key management personnel and their
relatives are interested: |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
INR 10/- each |
INR 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,434,664 |
Equity Shares |
INR 10/- each |
INR 154.347 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 |
154.347 |
154.347 |
154.347 |
|
(b) Reserves and Surplus |
1628.132 |
1613.745 |
1592.149 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
1782.479 |
1768.092 |
1746.496 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1120.888 |
1794.873 |
2326.726 |
|
(b) Deferred tax liabilities (Net) |
113.601 |
94.363 |
69.968 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.609 |
6.478 |
4.624 |
|
Total Non-current
Liabilities (3) |
1239.098 |
1895.714 |
2401.318 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
329.644 |
698.879 |
370.661 |
|
(b) Trade
payables |
142.659 |
144.583 |
191.639 |
|
(c) Other
current liabilities |
4249.545 |
3590.799 |
4477.737 |
|
(d) Short-term
provisions |
0.100 |
0.153 |
0.313 |
|
Total Current
Liabilities (4) |
4721.948 |
4434.414 |
5040.350 |
|
|
|
|
|
|
TOTAL |
7743.525 |
8098.220 |
9188.164 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1385.840 |
1424.750 |
1452.460 |
|
(ii)
Intangible Assets |
0.060 |
0.060 |
0.067 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
9.113 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
725.847 |
782.662 |
753.435 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
7.438 |
6.439 |
2.025 |
|
(e) Other
Non-current assets |
0.000 |
5.304 |
21.047 |
|
Total Non-Current
Assets |
2119.185 |
2219.215 |
2238.147 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.005 |
0.000 |
|
(b)
Inventories |
4188.043 |
5022.906 |
4972.983 |
|
(c) Trade
receivables |
152.931 |
239.354 |
586.335 |
|
(d) Cash and
bank balances |
83.277 |
98.144 |
591.949 |
|
(e)
Short-term loans and advances |
1083.357 |
447.393 |
484.676 |
|
(f) Other
current assets |
116.732 |
71.203 |
314.074 |
|
Total
Current Assets |
5624.340 |
5879.005 |
6950.017 |
|
|
|
|
|
|
TOTAL |
7743.525 |
8098.220 |
9188.164 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
1838.218 |
1525.743 |
1788.500 |
|
|
Other Income |
43.312 |
79.936 |
112.106 |
|
|
TOTAL |
1881.530 |
1605.679 |
1900.606 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1335.896 |
904.298 |
1163.498 |
|
|
Employee benefit expense |
22.254 |
36.902 |
41.812 |
|
|
CSR expenditure |
1.062 |
1.555 |
1.958 |
|
|
Other expenses |
252.286 |
312.328 |
302.939 |
|
|
TOTAL |
1611.498 |
1255.083 |
1510.207 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
270.032 |
350.596 |
390.399 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
204.210 |
223.607 |
182.597 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.822 |
126.989 |
207.802 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
38.301 |
40.021 |
56.248 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.521 |
86.968 |
151.554 |
|
|
|
|
|
|
|
Less |
TAX |
13.134 |
65.372 |
52.570 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.387 |
21.596 |
98.984 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.93 |
1.40 |
6.41 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
889.221 |
477.912 |
732.053 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
663.201 |
334.129 |
717.334 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
687.378 |
374.766 |
761.320 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
30.37 |
57.26 |
119.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.02 |
6.37 |
3.05 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
38.98 |
58.36 |
60.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.06 |
0.07 |
0.08 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.19 |
0.25 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.87 |
0.83 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.31 |
1.68 |
1.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.65 |
2.51 |
2.89 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.78 |
0.81 |
0.84 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.32 |
1.57 |
2.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.78 |
1.42 |
5.53 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.19 |
0.27 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.81 |
1.22 |
5.67 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.19 |
1.33 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.30 |
0.19 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.23 |
0.22 |
0.19 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
15.16 |
19.25 |
22.22 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.19 |
1.33 |
1.38 |
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 |
154.347 |
154.347 |
154.347 |
|
Reserves & Surplus |
1592.149 |
1613.745 |
1628.132 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1746.496 |
1768.092 |
1782.479 |
|
|
|
|
|
|
Long-term borrowings |
2326.726 |
1794.873 |
1120.888 |
|
Short term borrowings |
370.661 |
698.879 |
329.644 |
|
Current maturities of
long-term debts |
732.053 |
477.912 |
889.221 |
|
Total
borrowings |
3429.440 |
2971.664 |
2339.753 |
|
Debt/Equity
ratio |
1.964 |
1.681 |
1.313 |
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 |
1788.500 |
1525.743 |
1838.218 |
|
|
|
(14.691) |
20.480 |
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 |
1788.500 |
1525.743 |
1838.218 |
|
Profit/ (Loss) |
98.984 |
21.596 |
14.387 |
|
|
5.53
% |
1.42
% |
0.78
% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
141.747 |
141.747 |
|
(b) Reserves and Surplus |
|
3095.073 |
2744.976 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
1692.160 |
1422.528 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
3236.820 |
2886.723 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
19131.025 |
18598.056 |
|
(b) Deferred tax liabilities (Net) |
|
21.869 |
58.721 |
|
(c) Other long-term
liabilities |
|
810.490 |
667.580 |
|
(d) long-term
provisions |
|
36.963 |
37.537 |
|
Total Non-current
Liabilities (3) |
|
20000.347 |
19361.894 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
438.481 |
1335.471 |
|
(b) Trade
payables |
|
1983.789 |
1262.890 |
|
(c) Other
current liabilities |
|
19426.373 |
22760.782 |
|
(d) Short-term
provisions |
|
25.082 |
15.691 |
|
Total Current
Liabilities (4) |
|
21873.725 |
25374.834 |
|
|
|
|
|
|
TOTAL |
|
46803.052 |
49045.979 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
2962.887 |
3043.534 |
|
(ii)
Intangible Assets |
|
1.696 |
2.078 |
|
(iii) Tangible assets capital
work-in-progress |
|
85.663 |
73.827 |
|
(iv)
Intangible assets under development |
|
154.499 |
154.223 |
|
(b) Non-current Investments |
|
1250.856 |
1257.776 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
7.425 |
13.716 |
|
(e) Other
Non-current assets |
|
208.343 |
136.724 |
|
Total Non-Current
Assets |
|
4671.369 |
4681.878 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.500 |
0.005 |
|
(b)
Inventories |
|
37914.938 |
36844.913 |
|
(c) Trade
receivables |
|
1333.627 |
3152.719 |
|
(d) Cash and
bank balances |
|
491.229 |
818.186 |
|
(e)
Short-term loans and advances |
|
2104.449 |
3303.753 |
|
(f) Other
current assets |
|
286.940 |
244.525 |
|
Total
Current Assets |
|
42131.683 |
44364.101 |
|
|
|
|
|
|
TOTAL |
|
46803.052 |
49045.979 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
11467.345 |
14443.041 |
|
|
Other Income |
|
194.851 |
206.038 |
|
|
TOTAL |
|
11662.196 |
14649.079 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
9332.896 |
12332.309 |
|
|
Employee benefit expense |
|
179.488 |
226.929 |
|
|
CSR expenditure |
|
15.396 |
21.591 |
|
|
Other expenses |
|
1039.825 |
1158.121 |
|
|
TOTAL |
|
10567.605 |
13738.950 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
1094.591 |
910.129 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
244.838 |
246.535 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
849.753 |
663.594 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
76.517 |
74.787 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
773.236 |
588.807 |
|
|
|
|
|
|
|
Less |
TAX |
|
196.049 |
295.558 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
577.187 |
293.249 |
|
|
|
|
|
|
|
|
PROFIT
(LOSS) OF MINORITY INTEREST |
|
(269.632) |
(195.307) |
|
|
|
|
|
|
|
|
SHARE
OF PROFIT (LOSS) OF ASSOCIATES |
|
42.504 |
(6.726) |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
350.058 |
91.216 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
40.72 |
20.69 |
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 |
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 |
IN STATUS OF COMPANY
The company was converted into Private Limited company vide NCLT, Delhi Bench order dated-11.04.2017. However conversion into a Private Company shall not affect any debts, liabilities, obligations or contracts incurred or entered into, by or on behalf of the company before conversion and such debts, liabilities, obligations and contracts may be enforced in the manner as if such conversion had not been done.
STATE OF AFFAIRS
The turnover of the company during the year was higher by INR 395.592 Million then the previous year The Net profit for the year amounted to 39.190 Million in the current year as compared to 0.216 Million in the previous year. The company has launched a new group housing project Gaur Siddhartam in previous year
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM BORROWING |
|
|
|
Loans and advances from others |
329.644 |
698.879 |
|
Total |
329.644 |
698.879 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G85702165 |
100171776 |
PNB
HOUSING FINANCE LIMITED |
11/04/2018 |
28/04/2018 |
1250000000.0 |
9TH
FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHIDE110001IN |
|
2 |
G84043918 |
100169454 |
INDIABULLS
HOUSING FINANCE LIMITED |
04/04/2018 |
- |
150050000.0 |
M - 62
& 63FIRST FLOOR, CONNAUGHT PLACENEW DELHIDL110001IN |
|
3 |
G59250381 |
100130097 |
ADITYA
BIRLA HOUSING FINANCE LIMITED |
25/09/2017 |
- |
150000000.0 |
INDIAN
RAYON COMPOUND,VERAVALGU362266IN |
|
4 |
G53695003 |
100123304 |
ICICI
BANK LIMITED |
21/09/2017 |
- |
2500000000.0 |
S-26,
VEERA TOWERGREEN PARK EXTENSIONNEW DELHIDL110016IN |
|
5 |
G49589179 |
100113450 |
ICICI
BANK LIMITED |
18/07/2017 |
- |
18400000.0 |
ICICI
BANK TOWER, NEAR CHAKLI CIRCLE,OLD PADRA ROADVADODARAGU390007IN |
|
6 |
G50712744 |
100116425 |
DCB
BANK LIMITED |
15/06/2017 |
- |
100000000.0 |
A-SET
HOUSE, 7/56, DESH BANDHU GUPTA ROADKAROL BAGHNEW DELHIDL110005IN |
|
7 |
G25004003 |
100062311 |
ADITYA
BIRLA FINANCE LIMITED |
23/11/2016 |
- |
1250000000.0 |
INDIAN RAYON
COMPOUND,VERAVALGU362266IN |
|
8 |
G44179646 |
100034310 |
ICICI
BANK LIMITED |
06/04/2016 |
17/05/2017 |
500000000.0 |
S-26,
IST FLOORUPHAR CINEMA COMPLEX, GREEN PARK EXTNNEW DELHIDL110016IN |
|
9 |
C58910357 |
10579917 |
ADITYA BIRLA
FINANCE LIMITED |
29/05/2015 |
- |
250000000.0 |
INDIAN
RAYON COMPOUND,VERAVALGJ362266IN |
|
10 |
C50854470 |
10563516 |
BANK OF
BARODA |
26/03/2015 |
- |
12877600.0 |
PARLIAMNET
STREET BRANCH, GROUND FLOORBANK OF BARODA BUILDING, 16 SANSAD MARGNEW DELHIDL110001IN |
FIXED ASSETS:
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
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,
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 |
|
|
1 |
INR 90.88 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.