|
|
|
MIRA INFORM REPORT
|
Report No. : |
508449 |
|
Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHAH GROUP BUILDERS & INFRAPROJECTS LIMITED |
|
|
|
|
Registered
Office : |
323-329,
Arenja Corner, Sector 17 , Plot No 71, Vashi, Navi Mumbai-400705, Maharashtra |
|
Tel. No.: |
91-22-41516069 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.12.2007 |
|
|
|
|
Com. Reg. No.: |
11-177072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1640.816
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH2007PLC177072 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
27AALCS4860L1ZQ |
|
|
|
|
TIN No.: |
27205205731 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS4860L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is carrying on the business of Construction of Residential and commercial building and Shops. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was
incorporated in the year 2007 and it is having moderate track records. Management has
not filed it financials with government department since 2014. Further,
Ms. Priya (Accountant) of the company has denied to provide any information. As per
Registrar of Companies the date of balance sheet (i.e. financial filed) is
shown as 31-03-2014 but the documents related to the financial for the year
2014 are not available from any sources. As per
available financials of 2013 shows that general financial position of the
company seems to be fair. But we could
not confirm current status of business activity of the company. Further,
rating is constrained on account of unavailability of latest financials and
non-cooperative nature of management to parting information. Payments
are reported to be unknown. In view of the aforesaid, the company can be considered for business dealings on fully safe and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 DECLINED BY
|
Name : |
Ms. Priya |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-41516069 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
323-329,
Arenja Corner, Sector 17 , Plot No 71, Vashi, Navi Mumbai-400705,
Maharashtra, India |
|
Tel. No.: |
91-22-41516069 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Nalin Virji Shah |
|
Designation : |
Managing Director |
|
Address : |
B/507, Gagangiri Chs, Sector -17, Vashi, Navi
Mumbai-400705, Maharashtra, India |
|
Date of Birth/Age : |
19.08.1942 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
26.12.2007 |
|
DIN No.: |
00194184 |
|
|
|
|
Name : |
Mrs. Neelam Nalin Shah |
|
Designation : |
Director |
|
Address : |
B/507, Gagangiri Chs, Sector -17, Vashi, Navi Mumbai-400705, Maharashtra, India |
|
Date of Birth/Age : |
04.06.1947 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
26.12.2007 |
|
DIN No.: |
00194214 |
|
|
|
|
Name : |
Mr. Nirav Nalin Shah |
|
Designation : |
Director |
|
Address : |
B/507, Gagangiri Chs, Sector -17, Vashi, Navi Mumbai-400705, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1980 |
|
Qualification : |
M.Com |
|
Date of Appointment : |
26.12.2007 |
|
DIN No.: |
00194239 |
KEY EXECUTIVES
|
Name : |
Ms. Priya |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2013
|
Names of Shareholders |
No. of Shares |
|
Nalin V Shah |
98448972 |
|
Neelam N Shah |
24612243 |
|
Nirav N Shah |
24612243 |
|
Bansi N Shah |
11485714 |
|
Deepak R Mota |
1640816 |
|
Shobhana D Mota |
1640816 |
|
Sadhana M Haria |
1640816 |
|
|
|
|
Total |
164081620 |
AS ON: 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is carrying on the business of Construction of Residential and commercial building and Shops. [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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||||
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Terms : |
|
||||
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Selling : |
Not Divulged |
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||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
Bankers : |
|
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|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Kailash Chand Jain and Company Chartered Accountants |
|
Address : |
Building No. 6, Flat 304 Green Meadows CHS LTD, Lokhandwala Township, Kandivali East, Mumbai-400101, Maharashtra, India |
|
PAN No.: |
AAAFK3998D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
INR 10/- each |
INR 2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
164081620 |
Equity Shares |
INR 10/- each |
INR 1640.816
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1640.816 |
1640.816 |
1640.816 |
|
(b) Reserves & Surplus |
232.351 |
195.578 |
181.918 |
|
(c) Money received against share warrants |
5.023 |
5.073 |
5.073 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1878.190 |
1841.467 |
1827.807 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1652.541 |
1428.980 |
1287.723 |
|
(b) Deferred tax liabilities (Net) |
3.989 |
3.476 |
2.893 |
|
(c)
Other long term liabilities |
820.911 |
714.685 |
742.175 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2477.441 |
2147.141 |
2032.791 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
9.479 |
6.163 |
2.285 |
|
(c)
Other current liabilities |
5.173 |
10.419 |
5.410 |
|
(d)
Short-term provisions |
18.340 |
79.346 |
113.130 |
|
Total
Current Liabilities (4) |
32.992 |
95.928 |
120.825 |
|
|
|
|
|
|
TOTAL |
4388.623 |
4084.536 |
3981.423 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
92.085 |
90.354 |
97.218 |
|
(ii)
Intangible Assets |
6.352 |
7.943 |
9.524 |
|
(iii)
Capital work-in-progress |
271.819 |
271.819 |
271.483 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
193.729 |
181.205 |
8.205 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
629.997 |
295.498 |
187.056 |
|
(e)
Other Non-current assets |
9.406 |
0.811 |
1.571 |
|
Total
Non-Current Assets |
1203.388 |
847.630 |
575.057 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3029.690 |
3203.640 |
3341.647 |
|
(c)
Trade receivables |
26.450 |
0.000 |
0.000 |
|
(d)
Cash and cash equivalents |
48.991 |
30.196 |
60.027 |
|
(e)
Short-term loans and advances |
32.251 |
3.005 |
3.597 |
|
(f)
Other current assets |
47.853 |
0.065 |
1.095 |
|
Total
Current Assets |
3185.235 |
3236.906 |
3406.366 |
|
|
|
|
|
|
TOTAL |
4388.623 |
4084.536 |
3981.423 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
762.477 |
625.778 |
292.706 |
|
|
|
Other Income |
0.477 |
0.000 |
0.000 |
|
|
|
TOTAL |
762.954 |
625.778 |
292.706 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
513.779 |
398.008 |
929.692 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
173.950 |
138.006 |
(731.238) |
|
|
|
Employees benefits expense |
19.883 |
18.223 |
17.575 |
|
|
|
Other expenses |
4.889 |
2.932 |
4.979 |
|
|
|
Expenditure on production, transportation and other expenditure pertaining to E&P activities |
0.000 |
33.657 |
51.492 |
|
|
|
TOTAL |
712.501 |
590.826 |
272.500 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
50.453 |
34.952 |
20.206 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
50.453 |
34.952 |
20.206 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
50.453 |
34.952 |
20.206 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.680 |
21.292 |
7.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
36.773 |
13.660 |
12.587 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
0.22 |
0.08 |
0.56 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(69.079) |
34.952 |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(69.079) |
34.952 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
12.66 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
28.83 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
6.73 |
5.65 |
0.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.02 |
0.01 |
0.01 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.14 |
0.09 |
0.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.38 |
0.37 |
0.35 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.88 |
0.78 |
0.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.02 |
0.05 |
0.07 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.20 |
0.20 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
4.82 |
2.18 |
4.30 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.84 |
0.33 |
0.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
1.96 |
0.74 |
0.69 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Ratio (Current
Assets / Current Liabilities) |
96.55 |
33.74 |
28.19 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.71 |
0.35 |
0.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.45 |
0.46 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.01 |
0.87 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
96.55 |
33.74 |
28.19 |
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 |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1640.816 |
1640.816 |
1640.816 |
|
Reserves & Surplus |
181.918 |
195.578 |
232.351 |
|
Money received against share
warrants |
5.073 |
5.073 |
5.023 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1827.807 |
1841.467 |
1878.190 |
|
|
|
|
|
|
long-term borrowings |
1287.723 |
1428.980 |
1652.541 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1287.723 |
1428.980 |
1652.541 |
|
Debt/Equity
ratio |
0.705 |
0.776 |
0.880 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
292.706 |
625.778 |
762.477 |
|
|
|
113.791 |
21.845 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
292.706 |
625.778 |
762.477 |
|
Profit |
12.587 |
13.660 |
36.773 |
|
|
4.30% |
2.18% |
4.82% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G15847338 |
100021476 |
THE CATHOLIC SYRIAN BANK LTD |
29/02/2016 |
11/08/2016 |
- |
25000000.0 |
Shop No.10, Shabi Complex, Sector-12Vashi,Navi MumbaiMH400703IN |
|
2 |
C72760184 |
10606987 |
THE GREATER BOMBAY CO-OP BANK LTD |
21/11/2015 |
- |
- |
31000000.0 |
Corporate Office, Churchgate Chambers,Premises No.1, Sir V. T. Marg, New marine Lines,MUMBAIMH400020IN |
|
3 |
C71733133 |
10600807 |
KOTAK MAHINDRA BANK LIMITED |
01/09/2015 |
15/09/2015 |
- |
90000000.0 |
27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMH400051IN |
|
4 |
G45068889 |
10549918 |
INVENT ASSETS SECURITISATION AND RECONSTRUCTION PRIVATE LIMITED |
22/01/2015 |
31/03/2017 |
- |
5322000.0 |
107, Jolly Maker Chambers No.2225, Nariman PointMumbaiMa400021IN |
|
5 |
B97778526 |
10480978 |
ALLAHABAD BANK |
12/02/2014 |
- |
- |
220000000.0 |
SHOP NOS 11-15, SHAH CORNERPLOT NO 8A, SECTOR 6, KHARGHARNAVI MUMBAIMH410210IN |
|
6 |
C67500876 |
10446412 |
Canara Bank |
08/08/2013 |
14/09/2015 |
- |
607800000.0 |
Fort (Main) Branch, Warden HouseSir P.M.Road, FortMumbaiMH400001IN |
|
7 |
B81754590 |
10442162 |
THE GREATER BOMBAY CO-OP BANK LTD |
29/07/2013 |
- |
- |
50000000.0 |
Corporate Office, Baldota Bhavan,3rd Floor, 117, M.K. Marg,MumbaiMH400020IN |
|
8 |
B78919511 |
10418136 |
CENTRAL BANK OF INDIA |
15/03/2013 |
13/06/2013 |
- |
551000000.0 |
CORPORATE FINANCE BRANCH, 1st FLOOR, MMO BUILDINGM. G. ROAD, FORTMUMBAIMH400023IN |
|
9 |
B38506911 |
10352504 |
THE GREATER BOMBAY CO-OP BANK LTD |
10/04/2012 |
- |
- |
25000000.0 |
HOUSE, 89,BHULESHWAR,MUMBAIMH400002IN |
|
10 |
B34067538 |
10340079 |
THE GREATER BOMBAY CO-OP BANK LTD |
15/02/2012 |
- |
- |
25000000.0 |
HOUSE, 89,BHULESHWAR,MUMBAIMH400002IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (INR
In Million) |
31.03.2012 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
27.232 |
0.000 |
|
Loans and advances from others |
0.000 |
13.470 |
|
Other loans and advances |
453.661 |
520.967 |
|
|
|
|
|
Total |
480.893 |
534.437 |
CORPORATE INFORMATION
The Company is a Unlisted Limited Company registered under companies Act 1956. The company's operating office is located at 323-329, Arenja Corner, Plot No. 71, Sector-17, Vashi, Navi Mumbai-400705 and its registered office is situated in the state of Maharashtra, i.e. within the jurisdiction of the Registrar of Companies, Maharashtra, at Mumbai. The company is carrying on the business of Construction of Residential and commercial building and Shops.
PERFORMANCE REVIEW
Over the past few years, the real estate sector has transformed from a nascent and unorganized sector to an emerging, professionally organized industry, which is contributing significantly to the GDP of the nation. Real estate market witnessed turmoil during the year, the demand of the property and its prices were strong in the first half of the year but in the wake of Global Financial Market collapse in the year 2008 demand remained subdued for the rest of the year. Even then the company has maintained the graph of profitability towards upward as compared to previous year. The Company is now all set to embark on a journey to be named among the leading players in its businesses of residential complexes, commercial complexes, hospitality, and infrastructure development with the best quality standards and delivery commitments.
All the Business Units (BUs) - offices, retail and homes, have now reached the steady platform for execution and delivery. While launching of new projects across verticals would be part of the usual business, management focus would increase on project execution and delivery within timelines.
OPERATIONS
During the Current year of Operations the Company has achieved a Turnover of INR 760.261 Million.
AWARDS AND ACCREDITATIONS
Their Chairman?s untiring contributions to realty and society have won him numerous awards and recognitions. He has been bestowed with Mahavir Mahatma Awards from The Times Of India Group, Jewel of Navi Mumbai from Indian Merchant Chambers, Adarsh Builder Award from social reformer Anna Hazare, Vidya Vigyan Award from DAV Centre for Education, Achiever?s Awards from Jaycee International and several Builder Ratna, Udhyog Ratna, Sarva Mitra and Samaj Mitra Awards.
Some other important recognition include Rani Laxmibai Puraskar for 2005, Girnar Award, C TV Award, Disaster Management Committee Award, Media Award, Human Rights Award, Ekta Award, Samaj Ratna, Lohana Samaj Kalyan Award, Punjabi Cultural Award, Shri Vallabh Vidhyalaya and Khimji Pallonji Chheda Award, Janadesh Award, Rashtranjili Award, Akhil Bhartiya Marathi Natya Parishad Award and Navi Mumbai Builders Association Award.
Shri Shah is present Chairman of the prestigious Sanjivani International School, Navi Mumbai, a day boarding school of new concepts at Kharghar, Navi Mumbai. Shri Shah is known to have constructed additional classrooms at various institutions of learning.
FIXED ASSETS:
Tangible Assets
·
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 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 |
|
UK Pound |
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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 |
NO |
|
--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.