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MIRA INFORM REPORT
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Report No. : |
508201 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SKYLARK INFRA ENGINEERING PRIVATE LIMITED [w.e.f. 01.07.2016] |
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Formerly Known
As : |
SKYLARK SECURITAS PRIVATE LIMITED |
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Registered
Office : |
H.No.-1/84 , First Floor, Sadar Bazar, Delhi Cantt, New Delhi-110010, India |
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Tel. No.: |
91-124-4557000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
24.04.2003 |
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Com. Reg. No.: |
55-120020 |
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Capital
Investment / Paid-up Capital : |
INR 210.257
Million |
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CIN No.: [Company Identification
No.] |
U74110DL2003PTC120020 |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAHCS2358H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject presently is into the business of Security
Services, Manpower Supply, Toll collection and Horticulture and real estate etc.
and also into Construction Business. [Registered Activity] |
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No. of Employees
: |
01 [Approx.] [As per site visit] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Maximum Credit Limit : |
USD 1570600 |
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Status : |
Satisfactory |
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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 2003 and it is having satisfactory track record. Management has failed to file its financial for the year 2017 with Registrar of Companies. As per available financials of March 2016, the company has reported a dip in its revenue as compared to its previous year and has registered thin profit margin during the year. The company possesses satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its established track record of its business operations backed by its well experienced management team. However, these rating strengths gets partially offset by non-availability of latest financial along with its presence in highly competitive market. Payment seems to be slow but correct. In view of aforesaid, the company can be considered for business dealing at usual trade terms and conditions. Note: Site visit was conducted at the given address and our executive had successfully traced the subject. At the premises our executive met Mr. Amit (Employee) and he provided with contact number (#9818591708). As per our executive observation, it’s a ground+ 2 storey building and subject is situated on 1st floor comprising total area of 900 SQ.FT. Location was difficult to find. Locality seems to be residential and area near the premise building appears to be upmarket. Further, our executive have sighted 1 employees at the premises along with some office items such as telephone, computer, Xerox machine as well as furniture items. The name board of the subject was not sighted at the give premise address. On enquiry with Mr Ajay from “National Travels” and Ms. Shobha from “Shobha Beauty” both person from neighbouring companies confirmed the existence of the subject. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 BY
|
Name : |
Mr. Kuldeep |
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Designation : |
General Manager |
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Contact No.: |
91-8744861144 |
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Date : |
16.05.2018 |
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Name : |
Mr. Nariender |
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Designation : |
Manager |
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Contact No.: |
91-8587930849 |
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Date : |
16.05.2018 |
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-9818591708]
LOCATIONS
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Registered Office : |
H.No.-1/84 , First Floor, Sadar Bazar, Delhi Cantt, New Delhi-110010, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8744861144 [Mr. Kuldeep] 91-8587930849 [Mr. Nariender] |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
900 Sq. Ft. [As per site visit] |
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Locality : |
Residential [As per site visit] |
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Corporate Office: |
Shiv Dhara, 814, Phase-V, Udyog Vihar, Gurugram -122017,
Haryana, India |
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Tel. No.: |
91-124-4073800 |
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Fax No.: |
91-124-4557050 |
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E-Mail : |
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National Headquarters: |
Shiv Graam, 323, Palam Vihar Extn., Gurugram-122017,
Haryana, India |
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Tel. No.: |
91-124-4557000 |
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Training
Headquarters : |
Shiv Kripa, 319, Palam Vihar Extn., Gurugram -122017, Haryana, India |
DIRECTORS
AS ON: 31.03.2017
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Name : |
Mr. Navdeep Pratap Singh |
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Designation : |
Director |
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Address : |
1/84, First Floor Sadar Bazaar, Delhi Cantt, New
Delhi-110010, India |
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Date of Birth/Age : |
26.01.1985 |
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Qualification : |
MBA |
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Date of Appointment : |
17.04.2010 |
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PAN No.: |
AZQPS5957D |
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DIN No.: |
00418951 |
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Name : |
Mr. Navneet Pratap Singh |
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Designation : |
Director |
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Address : |
1/84, First Floor Sadar Bazaar,Delhi Cantt, New
Delhi-110010, India |
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Date of Birth/Age : |
30.12.1982 |
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Qualification : |
MBA |
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Date of Appointment : |
24.04.2003 |
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PAN No.: |
AZQPS5958N |
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DIN No.: |
00436105 |
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Name : |
Mr. Satishkumar Chhedi Lal Srivastava |
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Designation : |
Director |
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Address : |
12, Vashnavi Apts, Pendase Layout, Chhatrapati Nagar,
Nagpur-440015, Maharashtra, India |
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Date of Birth/Age : |
03.10.1967 |
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Qualification : |
Engineer |
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Date of Appointment : |
02.11.2015 |
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PAN No.: |
AXOPS9740A |
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DIN No.: |
00919509 |
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KEY EXECUTIVES
|
Name : |
Mr. Kuldeep |
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Designation : |
General Manager |
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Name : |
Mr. Nariender |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2016
|
Names of Shareholders |
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No. of Shares |
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Tara Chand Rao |
|
19287582 |
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Navneet Pratap Singh |
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122764 |
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Navdeep Pratap Singh |
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273574 |
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Kamlesh Rao |
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187814 |
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Nihal Kaur |
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2 |
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Babu Lal Yadav |
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2 |
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Pankaj Rai Bhatia |
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2 |
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Sunil Kumar Verma |
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28002 |
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Anusuya Sharma |
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100000 |
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Col. B.S. Nair |
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60000 |
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Col R.S. Sehrawat |
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23400 |
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Gaurav Jayani |
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200000 |
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Anil Kumar Srivastava |
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45000 |
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Jasbir Chauhan |
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45000 |
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Maj. I.C. Yadav |
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50000 |
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Purshottam Lal Sharma |
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100000 |
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Virender Sehrawat |
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50000 |
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Skylark Highway Solutions Limited, India |
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452582 |
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Total |
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21025724 |
AS ON: 30.09.2016
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Equity Share Breakup |
Percentage of Holding |
|
Category |
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Promoters – Individual/ Hindu Undivided Family – Indian |
92.63 |
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Public/Other than promoters – Individual/ Hindu Undivided
Family – Indian |
5.22 |
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Public/Other than promoters - Body Corporate |
2.15 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject presently is into the business of Security
Services, Manpower Supply, Toll collection and Horticulture and real estate etc.
and also into Construction Business. [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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
01 [Approx.] [As per site visit] |
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Bankers : |
· Vijaya Bank |
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Facilities : |
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Financial Institution : |
· Srei Equipment Finance Limited 'Vishwakarma', 86C, Topsia Road, Kolkata-700046, West
Bengal, India |
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Auditors : |
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Name : |
Lalit Ahuja and Company Chartered Accountants |
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Address : |
CB-152, Nariana, Ring Road, New Delhi-110028, India
|
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PAN No.: |
AAKPA5449F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary Company
: |
Skylark Green Energy Limited [U40106DL2010PLC211851] |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives : |
Skylark Cagers International |
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
INR 10/- each |
INR 500.000 Million |
|
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21025724 |
Equity Shares |
INR 10/- each |
INR 210.257
Million |
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|
|
|
|
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 |
|
|
|
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(a) Share Capital |
210.257 |
210.257 |
210.257 |
|
(b) Reserves and Surplus |
339.461 |
261.563 |
201.257 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
10.000 |
|
Total
Shareholders’ Funds (1) + (2) |
549.718 |
471.820 |
421.514 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.404 |
19.824 |
22.917 |
|
(b) Deferred tax liabilities (Net) |
9.739 |
8.516 |
6.247 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
25.143 |
28.340 |
29.164 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
92.023 |
109.458 |
146.366 |
|
(b) Trade
payables |
40.112 |
36.931 |
34.950 |
|
(c) Other
current liabilities |
168.259 |
97.275 |
144.550 |
|
(d) Short-term
provisions |
162.717 |
133.239 |
84.444 |
|
Total Current
Liabilities (4) |
463.111 |
376.903 |
410.310 |
|
|
|
|
|
|
TOTAL |
1037.972 |
877.063 |
860.988 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
234.754 |
212.858 |
187.044 |
|
(ii)
Intangible Assets |
0.010 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
29.464 |
20.634 |
32.342 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.946 |
6.446 |
6.446 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
33.400 |
17.884 |
18.434 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
299.574 |
257.822 |
244.266 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
12.756 |
0.000 |
0.000 |
|
(c) Trade
receivables |
202.384 |
132.963 |
97.286 |
|
(d) Cash and
bank balances |
218.810 |
160.399 |
63.573 |
|
(e)
Short-term loans and advances |
71.288 |
150.739 |
360.760 |
|
(f) Other
current assets |
233.160 |
175.140 |
95.103 |
|
Total
Current Assets |
738.398 |
619.241 |
616.722 |
|
|
|
|
|
|
TOTAL |
1037.972 |
877.063 |
860.988 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1225.306 |
1484.245 |
2139.983 |
|
|
Other Income |
60.475 |
26.896 |
63.716 |
|
|
TOTAL |
1285.781 |
1511.141 |
2203.699 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
26.915 |
0.000 |
0.000 |
|
|
Employee benefit expense |
483.435 |
446.017 |
287.359 |
|
|
CSR expenditure |
0.000 |
2.000 |
1.012 |
|
|
Other expenses |
634.893 |
952.436 |
1734.874 |
|
|
TOTAL |
1145.243 |
1400.453 |
2023.245 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
140.538 |
110.688 |
180.454 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
23.336 |
28.922 |
36.042 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
117.202 |
81.766 |
144.412 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.248 |
3.811 |
2.236 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
107.954 |
77.955 |
142.176 |
|
|
|
|
|
|
|
Less |
TAX |
30.055 |
27.649 |
48.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
77.899 |
50.306 |
93.877 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.70 |
2.39 |
4.47 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
60.919 |
(3.436) |
70.555 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
32.087 |
35.264 |
70.971 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
60.29 |
32.70 |
16.59 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.05 |
11.16 |
22.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
543.97 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
11.02 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.53 |
0.47 |
0.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.46 |
0.45 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.20 |
0.27 |
0.40 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.84 |
0.80 |
0.97 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.48 |
0.49 |
0.52 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.02 |
3.83 |
5.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.36 |
3.39 |
4.39 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.50 |
5.74 |
10.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
14.17 |
10.66 |
22.27 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.59 |
1.64 |
1.50 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.57 |
1.64 |
1.50 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.53 |
0.54 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.51 |
0.61 |
0.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.59 |
1.64 |
1.50 |
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 |
210.257 |
210.257 |
210.257 |
|
Reserves & Surplus |
201.257 |
261.563 |
339.461 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
10.000 |
0.000 |
0.000 |
|
Net
worth |
421.514 |
471.820 |
549.718 |
|
|
|
|
|
|
long-term borrowings |
22.917 |
19.824 |
15.404 |
|
Short term borrowings |
146.366 |
109.458 |
92.023 |
|
Total
borrowings |
169.283 |
129.282 |
107.427 |
|
Debt/Equity
ratio |
0.402 |
0.274 |
0.195 |
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 |
2139.983 |
1484.245 |
1225.306 |
|
|
|
(30.642) |
(17.446) |
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 |
2139.983 |
1484.245 |
1225.306 |
|
Profit/ (Loss) |
93.877 |
50.306 |
77.899 |
|
|
4.39% |
3.39% |
6.36% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 [As per site visit] |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
OBSERVATION POINTS
|
Name of Company : |
SKYLARK INFRA ENGINEERING PRIVATE LIMITED |
|
|
|
|
Address : |
H.No.-1/84 , First Floor, Sadar Bazar, Delhi Cantt, New Delhi-110010, India |
|
Contact No.: |
91-9818591708 |
|
|
|
|
Date of Visit : |
15.05.2018 |
|
|
|
|
Person to whom we met: |
Mr. Amit (Employee) |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Difficult |
|
|
|
|
Total Floors of the Building : |
Ground + 2 Floors |
|
|
|
|
Subject situated on: |
1st Floor |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of Premises : |
900 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
01 [Approx.] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Furniture Items
Sighted : |
Yes |
|
|
|
|
Neighbours Interview : |
On enquiry with Mr Ajay from “National Travels” and Ms. Shobha from “Shobha Beauty” both person from neighbouring companies confirmed the existence of the subject. |
|
|
|
|
Proof of visit: |
Photos |
PICTURES
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G77617801 |
100156245 |
AXIS BANK
LIMITED |
01/02/2018 |
- |
- |
3026700.0 |
TRISHUL 3RD
FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
2 |
G81175408 |
100164434 |
YES BANK LIMITED |
08/01/2018 |
- |
- |
10218400.0 |
IFC 2, 24th
Floor, Senapati Bapat Marg,Elephinstone(W),MUMBAIMH400013IN |
|
3 |
G76407303 |
100153292 |
SREI EQUIPMENT
FINANCE LIMITED |
05/01/2018 |
- |
- |
39200000.0 |
'VISHWAKARMA',
86C, TOPSIA ROAD,KOLKATAWe700046IN |
|
4 |
G79816815 |
100174373 |
HDFC BANK
LIMITED |
04/01/2018 |
- |
- |
60108020.0 |
HDFC BANK HOUSE,
SENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
5 |
G74125154 |
100148221 |
KOTAK MAHINDRA BANK
LIMITED |
13/12/2017 |
- |
- |
47452208.0 |
27BKC, C 27, G
BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN |
|
6 |
G74280231 |
100148560 |
AXIS BANK
LIMITED |
01/12/2017 |
- |
- |
25235484.0 |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
7 |
G75932632 |
100152148 |
YES BANK LIMITED |
30/11/2017 |
- |
- |
250000000.0 |
Nehru Center,
9th Floor, Discovery of IndiaDr. A. B. Road, WorliMumbaiMH400018IN |
|
8 |
G73617870 |
100146899 |
AXIS BANK
LIMITED |
29/11/2017 |
- |
- |
20650000.0 |
TRISHUL 3RD
FLOOR OPP SAMARTHESHWAR TEMPLELAW GARDEN ELLISBRIDGEAHMEDABADGu380006IN |
|
9 |
G79550067 |
100160772 |
INDUSIND BANK
LTD. |
22/11/2017 |
- |
- |
350000000.0 |
2401 GEN THIMMAYYA
ROADCONTONMENTPUNEMa411001IN |
|
10 |
G71676407 |
100142516 |
Vijaya Bank |
11/10/2017 |
- |
- |
3350000.0 |
NO
52/11,GOPINATH BAZAR,CANTONMENTDELHIDL110010IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
4.428 |
0.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
12.256 |
0.000 |
|
Other loans and advance |
34.330 |
0.000 |
|
|
|
|
|
Total |
51.014 |
0.000 |
GENERAL
INFORMATION
The company presently is into the business of security services, Manpower supply, Toll collection and Horticulture and real estate etc. It bids for contracts from both private and public sectors. The nature of business is contractual. It is mainly service oriented company. The nature of service rendered make some of the services rendered assessable to Service Tax. The contracts are bid and taken all over India. The company also has entered in construction business in this year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 : |
SHA |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.