|
|
|
MIRA
INFORM REPORT
|
Report No. : |
508404 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE INDIA PROJECTS LIMITED |
|
|
|
|
Registered
Office : |
232-B, Fourth Floor, Okhla Industrial Estate, Phase-III, South Delhi, New Delhi-110020 |
|
Mobile No.: |
91-9211160000 [Office] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
15.05.1997 |
|
|
|
|
Com. Reg. No.: |
55-087292 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 155.898 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209DL1997PLC087292 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA9859J |
|
|
|
|
TIN No.: |
07185000238 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
07AACCA9859J2Z5 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged in the business of Real Estate Development with multi-dimensional
portfolio ranging from commercial to retail and residential segments [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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 3013000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a Joint Venture between “AIPL Ambuja Housing and Urban Infrastructure Limited” and “Baakir Real Estates Private Limited”. It was incorporated in the year 1997 and is engaged in construction and real estate business. As per Registrar of Companies, the date of filling its financials is shown as 31.03.2017 but documents related to the financials of 31.03.2017 are not available from any other sources. As per available financials of March 2016, the company has registered sound operating revenue from its operations and has reported decent profit margin. Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with comfortable debt coverage indicators and decent liquidity position. Further, the company has reported earnings per share of INR 6.39 against its face value of INR 10. However, rating strength is partially offset by its presence in highly competitive and huge working capital requirement real estate business. Payments seem 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
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 16.05.2018
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
MANAGEMENT NON-COOPERATIVE [91-9211160000]
LOCATIONS
|
Registered Office : |
232-B, Fourth Floor, Okhla Industrial Estate, Phase-III, South Delhi, New Delhi-110020, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9211160000 [Office] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
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|
|
|
Corporate Office : |
The Masterpiece, Golf Course Road, Sector - 54, Gurgaon - 122002, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Harinder Singh |
|||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
|||||||||||||||||||||||||||||||
|
Address : |
B-3, Ansal Villa, Farm Houses, Satbari, New Delhi-110074, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.09.1972 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.01.2007 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
ABLPS6399E |
|||||||||||||||||||||||||||||||
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DIN No.: |
00013717 |
|||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Daljeet Singh |
|||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
|||||||||||||||||||||||||||||||
|
Address : |
B-3, Ansal Villa, Farm Houses, Satbari, New Delhi-110074, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1966 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.01.2007 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
ABJPS1140B |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00013743 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Gurdeep Singh |
|||||||||||||||||||||||||||||||
|
Designation : |
Wholetime Director |
|||||||||||||||||||||||||||||||
|
Address : |
J-210B, Western Avenue, Sainik Farms, New Delhi-110068, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.08.1955 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.05.1997 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
ARYPS3332G |
|||||||||||||||||||||||||||||||
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DIN No.: |
00013776 |
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||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mrs. Jagdish Kaur |
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|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
B-3, Ansal Villa, Farm Houses, Satbari, New Delhi-110074, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.05.1945 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.08.2010 |
|||||||||||||||||||||||||||||||
|
PAN No.: |
AATPK0688B |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00016307 |
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||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mrs. Harpreet Kaur |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
W-81, Greater Kailash - II, New Delhi0110048, India |
|||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.02.1965 |
|||||||||||||||||||||||||||||||
|
Qualification : |
Graduate |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.03.2015 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
00444520 |
|||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Jasvinder Singh Vohra |
|||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||
|
Address : |
E-9, Block - E, Rajouri Garden, Delhi-110027, India |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.07.2016 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
07575324 |
|||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||
|
Name : |
Mr. Bala Krishna Pandey |
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|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||
|
Address : |
H. No. - 61 - A, Bank Colony, Street No. 4 Mandoli, Mandoli Saboli, North East Delhi-110093, India |
|||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.04.2018 |
|||||||||||||||||||||||||||||||
|
DIN No.: |
07902118 |
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|
||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Nishant Tulsyan |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-3, G-002, Olive County Gh-9, Sector-5, Vasundhara, Ghaziabad-201012, Uttar Pradesh, India |
|
Date of Birth/Age : |
14.05.1945 |
|
Date of Appointment : |
30.09.2014 |
|
PAN No.: |
ABZPT1280D |
|
|
|
|
Name : |
Mr. Ayush Suhirid |
|
Designation : |
Company Secretary |
|
Address : |
15/24, New Chemical Offset Printers, Tamoli Para, Near Madar Gate, Aligarh-202001, Uttar Pradesh, India |
|
Date of Appointment : |
01.03.2017 |
|
PAN No.: |
EGDPS1545F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Daljeet Singh |
3104417 |
19.91 |
|
Harinder Singh |
3106042 |
19.92 |
|
Gurdeep Singh |
2628542 |
16.86 |
|
Rachhpal Singh |
3103792 |
19.91 |
|
Jaspreet Kaur |
1250125 |
8.02 |
|
Jagdish Kaur |
1264292 |
8.11 |
|
Satinder Kaur |
812625 |
5.21 |
|
Balwant Kaur |
151250 |
0.97 |
|
Neetu Singh |
168750 |
1.09 |
|
|
|
|
|
Total |
15589835 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
76.61 |
|
Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
23.39 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of Real Estate Development with multi-dimensional
portfolio ranging from commercial to retail and residential segments
[Registered Activity] |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Divulged |
||||||
|
|
|
||||||
|
Imports : |
Not Divulged |
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Not Divulged |
||||||
|
|
|
||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Indian Overseas Bank Unit No. 19 & 22, Moolchand Shopping, Cum Office Complex, Defence Colony, New Delhi - 110024, India · Axis Bank Limited · HDFC Bank Limited · United Bank of India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institutions: |
· Tata Capital Financial Services Limited One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · India Infoline Housing Finance Limited |
|
|
|
|
Auditors : |
|
|
Name : |
ASA and Associates LLP Chartered Accountants |
|
Address : |
Times
Square, Fourth Floor, Block B, Sushant Lok - I, Gurgaon - 122002, Haryana,
India |
|
PAN No.: |
AAAFA4690A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture: |
· AIPL Ambuja Housing and Urban Infrastructure Limited [U70109DL2006PLC149602] · Baakir Real Estates Private Limited [U45201DL2006PTC148147] · Nunlet Projects Private Limited [U70109DL2007PTC165542] ·
Francolin Infrastructure Private Limited
[U45400DL2007PTC167606] |
|
|
|
|
Subsidiary
Companies : |
· Haamid Real Estates Private Limited · Babbler Projects Private Limited · Pan Ban Associates Private Limited · Lilium Promoters Private Limited · Florican Infrastructure Projects Private Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Advance India Exim Private Limited [U31909DL1996PTC075287] · Butterfly Overseas Private Limited [U74999DL1999PTC100213] · Finest Promoters Private Limited [U70102DL1996PTC078722] · Lilac Facility Management Private Limited [U93090DL2006PTC151621] · Partridge Technologies Private Limited [U72200DL2004PTC131205] · AIPL Estates LLP · Amazon Softech Private Limited [U72200DL2004PTC131206] · Woodcock Projects Private Limited [U45200DL2008PTC177339] · Celebration Mall Management Services LLP |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16100000 |
Equity Shares |
INR 10/- each |
INR 161.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15589835 |
Equity Shares |
INR 10/- each |
INR 155.898 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
155.898 |
155.898 |
155.898 |
|
(b) Reserves & Surplus |
898.836 |
801.054 |
718.375 |
|
(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) |
1054.734 |
956.952 |
874.273 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1447.703 |
1234.817 |
1155.987 |
|
(b) Deferred tax liabilities (Net) |
2.203 |
3.757 |
6.589 |
|
(c)
Other long term liabilities |
10.086 |
6.685 |
9.572 |
|
(d)
long-term provisions |
9.379 |
8.826 |
5.698 |
|
Total
Non-current Liabilities (3) |
1469.371 |
1254.085 |
1177.846 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
468.893 |
432.426 |
432.820 |
|
(b)
Trade payables |
93.981 |
59.820 |
83.829 |
|
(c)
Other current liabilities |
1188.500 |
819.204 |
850.991 |
|
(d)
Short-term provisions |
23.496 |
13.570 |
8.279 |
|
Total
Current Liabilities (4) |
1774.870 |
1325.020 |
1375.919 |
|
|
|
|
|
|
TOTAL |
4298.975 |
3536.057 |
3428.038 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
246.117 |
268.182 |
287.900 |
|
(ii)
Intangible Assets |
0.339 |
0.962 |
1.606 |
|
(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 |
905.685 |
906.085 |
906.105 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
202.434 |
231.264 |
442.144 |
|
(e)
Other Non-current assets |
189.646 |
152.059 |
102.422 |
|
Total
Non-Current Assets |
1544.221 |
1558.552 |
1740.177 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.063 |
0.070 |
|
(b)
Inventories |
1417.478 |
1120.107 |
1130.035 |
|
(c)
Trade receivables |
32.190 |
41.873 |
64.113 |
|
(d)
Cash and cash equivalents |
187.731 |
36.714 |
42.801 |
|
(e)
Short-term loans and advances |
547.699 |
477.516 |
375.351 |
|
(f)
Other current assets |
569.656 |
301.232 |
75.491 |
|
Total
Current Assets |
2754.754 |
1977.505 |
1687.861 |
|
|
|
|
|
|
TOTAL |
4298.975 |
3536.057 |
3428.038 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
436.888 |
433.809 |
216.740 |
|
|
|
Other Income |
96.151 |
104.996 |
290.004 |
|
|
|
TOTAL |
533.039 |
538.805 |
506.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
98.318 |
88.152 |
89.580 |
|
|
|
Employees benefits expense |
73.478 |
80.778 |
82.936 |
|
|
|
Other expenses |
99.695 |
103.849 |
107.413 |
|
|
|
Exceptional items |
0.000 |
0.000 |
0.406 |
|
|
|
CSR Expenditure |
1.125 |
0.181 |
0.000 |
|
|
|
TOTAL |
272.616 |
272.960 |
280.335 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
260.423 |
265.845 |
226.409 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
99.672 |
105.136 |
86.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
160.751 |
160.709 |
140.068 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
20.031 |
21.382 |
14.467 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
140.720 |
139.327 |
125.601 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.061 |
51.381 |
45.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
99.659 |
87.946 |
80.557 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
6.39 |
5.64 |
5.17 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
80.175 |
69.098 |
58.816 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
144.800 |
(134.035) |
(603.435) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
137.996 |
(175.380) |
(641.532) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
26.89 |
35.23 |
107.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
13.57 |
10.36 |
3.38 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
348.90 |
247.69 |
341.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.18 |
0.24 |
0.20 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.06 |
0.99 |
0.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.77 |
0.74 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.89 |
1.81 |
1.88 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.68 |
1.38 |
1.57 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.23 |
0.28 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
2.61 |
2.53 |
2.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
22.81 |
20.27 |
37.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.32 |
2.49 |
2.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
9.45 |
9.19 |
9.21 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.55 |
1.49 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.75 |
0.65 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.25 |
0.27 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
12.81 |
11.14 |
10.57 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.55 |
1.49 |
1.23 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
155.898 |
155.898 |
155.898 |
|
Reserves & Surplus |
718.375 |
801.054 |
898.836 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
874.273 |
956.952 |
1054.734 |
|
|
|
|
|
|
long-term borrowings |
1155.987 |
1234.817 |
1447.703 |
|
Short term borrowings |
432.820 |
432.426 |
468.893 |
|
Current Maturities of Long
term debt |
58.816 |
69.098 |
80.175 |
|
Total
borrowings |
1647.623 |
1736.341 |
1996.771 |
|
Debt/Equity
ratio |
1.885 |
1.814 |
1.893 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
216.740 |
433.809 |
436.888 |
|
|
|
100.152 |
0.710 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
216.740 |
433.809 |
436.888 |
|
Profit/ (Loss) |
80.557 |
87.946 |
99.659 |
|
|
37.17% |
20.27% |
22.81% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G84038975 |
100169443 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
31/01/2018 |
- |
- |
50000000.0 |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMA400051IN |
|
2 |
G83972729 |
100169245 |
INDIA INFOLINE HOUSING FINANCE LIMITED |
31/01/2018 |
- |
- |
140000000.0 |
12A-10, 13TH FLOOR, PARINEE CRESCENZO, G BLOCKC-38&39,BANDRA KURLA COMPLEX, BANDRA- EASTMUMBAIMA400051IN |
|
3 |
G73556482 |
100146681 |
HDFC BANK LIMITED |
23/12/2017 |
- |
- |
4762600.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST),MUMBAIMH400013IN |
|
4 |
G70654165 |
100141002 |
AXIS BANK LIMITED |
25/11/2017 |
- |
- |
5935300.0 |
TRISHUL 3RD FLOOR, OPP SAMARTHESHWAR TEMPLE,LAW GARDEN, ELLISBRIDGE, AHMADABADAHMADABADGJ380006IN |
|
5 |
G63857726 |
100135351 |
PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED |
15/09/2017 |
- |
- |
400000000.0 |
4TH FLOOR, PIRAMAL TOWER ANNEXE,GANPATRAO KADAM MARG, LOWER PARELMUMBAIMA400013IN |
|
6 |
G63857247 |
100135354 |
PIRAMAL TRUSTEESHIP SERVICES PRIVATE LIMITED |
15/09/2017 |
- |
- |
2100000000.0 |
4TH FLOOR, PIRAMAL TOWER ANNEXE,GANPATRAO KADAM MARG, LOWER PARELMUMBAIMA400013IN |
|
7 |
G39221262 |
100085574 |
HDFC BANK LIMITED |
14/03/2017 |
- |
- |
5577000.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
8 |
G37146057 |
100080269 |
HDFC BANK LIMITED |
13/02/2017 |
- |
- |
656882.0 |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,LOWER PAREL (WEST)MUMBAIMH400013IN |
|
9 |
G49957368 |
100079849 |
IDBI TRUSTEESHIP SERVICES LIMITED |
02/02/2017 |
23/06/2017 |
- |
1200000000.0 |
ASIAN BUILDING, GROUND FLOOR,17, R. KAMINI MARG, BALLARD ESTATESMUMBAIMH400001IN |
|
10 |
G35536838 |
100076915 |
IDBI TRUSTEESHIP SERVICES LIMITED |
31/01/2017 |
- |
- |
1450000000.0 |
ASIAN BUILDING, GROUND FLOOR,17, R. KAMINI MARG, BALLARD ESTATESMUMBAIMH400001IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
595.952 |
366.860 |
|
Loans and advances from related parties |
771.741 |
771.741 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
168.700 |
181.650 |
|
Loans and advances from related parties |
299.375 |
189.797 |
|
|
|
|
|
Total |
1835.768 |
1510.048 |
CORPORATE
INFORMATION
Advance India Projects Limited (the “Company”) was incorporated on May 15, 1997. The Company is in the business of real estate development with multi-dimensional portfolio ranging from commercial to retail and residential segments.
REVIEW OF OPERATIONS
During
the year, the Company’s net profit for the financial year 2015-16 was INR 99.659
million (as compared to INR 87.946 million of the previous year. The Company
continues with a multi-dimensional portfolio ranging from commercial to retail
and residential segments. It continues to transform the appearance and quality
texture of India with innovative commercial landmarks, unprecedented retail
developments and exclusive and premium residential communities. The Company is
immeasurably succeeded in developing, managing and pioneering commercial spaces
by over 70 multinational companies & Indian Corporate housed in AIPL’s
commercial projects.
FINANCE
The
Company continues to focus on judicious management of its working capital.
Receivables, inventories and other working capital parameters were kept under
strict check through continuous monitoring
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor 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 67.53 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RUP |
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.