|
|
|
MIRA
INFORM REPORT
|
Report No. : |
509246 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
OCEANUS DWELLINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
PN Plaza, No.1090/B, 18th Cross, 3rd Sector, HSR Layout, Bangalore
– 560102, Karnataka |
|
Mob. No.: |
91-9945158888 [Mr. Jacob] |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
24.02.2003 |
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|
|
|
Com. Reg. No.: |
08-031632 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 128.677 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U07010KA2003PTC031632 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
29AAACO6011G1ZP |
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|
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TIN No.: |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACO6011G |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of Development and Construction of Properties. [Registered activity and also confirmed by management] |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 1410000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
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Litigation : |
Clear |
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|
Comments : |
Incorporated in the year 2002, Oceanus Dwellings Private Limited is a part of Oceanus Group and it is mainly engaged in the business of real estate construction development. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per available financials of March 2016, the company as achieved decent growth in its revenue as compared to its previous year but has reported thin profit margin during the year. Rating takes into consideration, the healthy 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 along with strong financial support from its group entity. However, these rating strengths gets partially offset by strained cash flows due to significant slowdown in the pace of its sales of the ongoing projects, slippages in existing collection impacting project economics and ongoing slowdown in real estate 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. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 19.05.2018.
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 PARTED BY
|
Name : |
Mr. Jacob |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9945158888 |
|
Date : |
14.05.2018 |
LOCATIONS
|
Registered Office : |
PN Plaza, No.1090/B, 18th Cross, 3rd Sector, HSR Layout
Bengaluru. Bangalore – 560102, Karnataka, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9945158888 [Mr. Jacob] |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Branch Office : |
Located at: ·
· Thiruvananthapuram · Cochin · Trissur · Kannur · Palakkad · Dubai |
DIRECTORS
As on 31.03.2018
|
Name : |
Mrs. Daisy Chacko |
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Designation : |
Director |
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Address : |
297, 1st Floor, 1st Cross, 7th Main,
BTM Layout, II Stage, |
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Date of Birth/Age : |
17.05.1973 |
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Qualification : |
Graduate |
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Date of Appointment : |
24.02.2003 |
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DIN No.: |
00458988 |
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Other Directorship:
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Name : |
Mr. Pothiyittayil Koriakose Chacko |
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Designation : |
Managing Director |
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Address : |
No. 838, 10th Main, Mico Layout BTM 2nd Stage, Bangalore –
560076, Karnataka, India |
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Date of Birth/Age : |
15.03.1971 |
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Qualification : |
Graduate |
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Date of Appointment : |
24.02.2003 |
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DIN No.: |
00495284 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Jacob |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Equity Shareholders |
|
No. of Shares |
|
P. K. Chacko |
|
985047 |
|
Daisy Chacko |
|
267724 |
|
|
|
|
|
Total |
|
1252771 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Chandrakant Dharamchand Shah HUF |
|
34000 |
|
|
|
|
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2016
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Development and
Construction of Properties. [Registered activity and also confirmed by
management] |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment, Cheque |
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Purchasing : |
Cash, Advance Payment, Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Contractors
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Mohamed Saleem and Company Chartered Accountants |
|
Address : |
2nd Floor, Ebrahim Residency, No. 98,Residency Road, Bangalore - 560025, Karnataka, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AIFPS1638B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Associates : [AS ON 31.03.2016] |
Oceanus Infrastructure Private Limited U45203KA2006PTC040210 Address: No. 297, 1st Floor, 1st Cross, 7th Main, BTM Layout, Second Stage, Bangalore – 560078, Karnataka, India |
|
|
|
|
Other related party : [AS ON 31.03.2016] |
· Rojas Developers Private Limited U45400KA2008PTC044974 · Mercy Properties Private Limited U45201KA2007PTC044643 · Kiliyanthara Engineers Private Limited U74210KA2004PTC034998 · Daisy Constructions Private Limited U45201KA2007PTC044642 · Rinjal Engineers Private Limited U45205KA2007PTC044718 · Rinjal Realtors Private Limited U70102KA2007PTC044640 · Rojas Constructions Private Limited U45207KA2007PTC044730 · Rojas Engineers Private Limited U45201KA2008PTC044969 · Rojas Realtors Private Limited U70109KA2007PTC044650 · Oceanus Estates India Private Limited U45400KA2007PTC042804 |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
INR 100/- each |
INR 900.000 Million |
|
1000000 |
Preference Shares |
INR 100/- each |
INR 100.000 Million |
|
|
Total |
|
INR 1000.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1252771 |
Equity Shares |
INR 100/- each |
INR 125.277 Million |
|
34000 |
Preference Shares |
INR 100/- each |
INR 3.400
Million |
|
|
Total |
|
INR 128.677 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET – STANDALONE
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
128.677 |
128.677 |
128.677 |
|
(b) Reserves and Surplus |
365.864 |
355.653 |
329.157 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
494.541 |
484.330 |
457.834 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
951.002 |
1091.150 |
895.240 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
32.024 |
29.214 |
27.572 |
|
(d) long-term
provisions |
2.571 |
3.049 |
3.196 |
|
Total Non-current
Liabilities (3) |
985.597 |
1123.413 |
926.008 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
14.135 |
|
(b) Trade
payables |
216.813 |
192.724 |
165.902 |
|
(c) Other
current liabilities |
1791.924 |
1662.993 |
1524.039 |
|
(d) Short-term
provisions |
5.606 |
13.183 |
11.811 |
|
Total Current
Liabilities (4) |
2014.343 |
1868.900 |
1715.887 |
|
|
|
|
|
|
TOTAL |
3494.481 |
3476.643 |
3099.729 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
42.994 |
48.435 |
53.409 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
260.657 |
260.657 |
260.657 |
|
(c) Deferred tax assets (net) |
2.003 |
1.934 |
1.515 |
|
(d)
Long-term loans and advances |
7.406 |
3.716 |
5.755 |
|
(e) Other
Non-current assets |
17.327 |
17.378 |
17.269 |
|
Total Non-Current
Assets |
330.387 |
332.120 |
338.605 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1848.038 |
1592.625 |
1374.169 |
|
(c) Trade
receivables |
6.124 |
4.500 |
14.540 |
|
(d) Cash and
bank balances |
15.827 |
84.880 |
14.633 |
|
(e)
Short-term loans and advances |
1284.307 |
1448.823 |
1346.092 |
|
(f) Other
current assets |
9.798 |
13.695 |
11.690 |
|
Total
Current Assets |
3164.094 |
3144.523 |
2761.124 |
|
|
|
|
|
|
TOTAL |
3494.481 |
3476.643 |
3099.729 |
PROFIT
& LOSS ACCOUNT – STANDALONE
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
819.075 |
744.359 |
645.832 |
|
|
Other Income |
2.412 |
6.506 |
23.625 |
|
|
TOTAL |
821.487 |
750.865 |
669.457 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
421.857 |
|
|
Purchases of
Stock-in-Trade |
856.965 |
736.710 |
641.124 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(255.412) |
(218.470) |
(518.790) |
|
|
Employee benefit expense |
37.673 |
41.577 |
41.350 |
|
|
Other expenses |
13.996 |
20.376 |
14.539 |
|
|
TOTAL |
653.222 |
580.193 |
600.080 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
168.265 |
170.672 |
69.377 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
142.703 |
120.292 |
22.804 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
25.562 |
50.380 |
46.573 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
9.814 |
11.125 |
11.813 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
15.748 |
39.255 |
34.760 |
|
|
|
|
|
|
|
Less |
TAX |
5.537 |
12.759 |
11.303 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.211 |
26.496 |
23.457 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
8.15 |
21.15 |
18.72 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover |
|
|
1100.000 |
|
|
|
|
[Due to business
growth] |
The above information has been parted by Mr. Jacob (Marketing
Department)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
217.053 |
14.164 |
(238.341) |
|
Net cash flows from (used in) operating activities |
217.053 |
14.164 |
(238.341) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average
Collection Days [Sundry Debtors
/ Income * 365] |
|
2.73 |
2.21 |
8.22 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
133.75 |
165.41 |
44.42 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors /
Purchases * 365] |
|
92.35 |
95.48 |
56.97 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
0.09 |
0.11 |
0.05 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
3.91 |
3.52 |
1.30 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio
[(Borrowing + Current Liabilities) / Total Assets] |
|
0.85 |
0.85 |
0.84 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
1.92 |
2.25 |
1.99 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
4.07 |
3.86 |
3.75 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.09 |
0.10 |
0.12 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
1.18 |
1.42 |
3.04 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
1.25 |
3.56 |
3.63 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
0.29 |
0.76 |
0.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
2.06 |
5.47 |
5.12 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio
[Current Assets / Current Liabilities] |
|
1.57 |
1.68 |
1.61 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
0.65 |
0.83 |
0.81 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.14 |
0.14 |
0.15 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
7.39 |
8.48 |
7.07 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current
Assets / Total Current Liabilities] |
|
1.57 |
1.68 |
1.61 |
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 |
128.677 |
128.677 |
128.677 |
|
Reserves & Surplus |
329.157 |
355.653 |
365.864 |
|
Net
worth |
457.834 |
484.330 |
494.541 |
|
|
|
|
|
|
Long-term borrowings |
895.240 |
1091.150 |
951.002 |
|
Short term borrowings |
14.135 |
0.000 |
0.000 |
|
Total
borrowings |
909.375 |
1091.150 |
951.002 |
|
Debt/Equity
ratio |
1.986 |
2.253 |
1.923 |
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 |
645.832 |
744.359 |
819.075 |
|
|
0.000 |
15.256 |
10.038 |
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 |
645.832 |
744.359 |
819.075 |
|
Profit/ (Loss) |
23.457 |
26.496 |
10.211 |
|
|
3.63
% |
3.56
% |
1.25
% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
128.677 |
128.677 |
|
(b) Reserves and Surplus |
|
1020.535 |
345.342 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1149.212 |
474.019 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1309.043 |
1237.650 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
164.957 |
29.214 |
|
(d) long-term
provisions |
|
3.570 |
3.049 |
|
Total Non-current
Liabilities (3) |
|
1477.570 |
1269.913 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
1.958 |
0.000 |
|
(b) Trade
payables |
|
262.819 |
192.724 |
|
(c) Other
current liabilities |
|
2015.476 |
1770.217 |
|
(d) Short-term
provisions |
|
6.060 |
13.183 |
|
Total Current
Liabilities (4) |
|
2286.313 |
1976.124 |
|
|
|
|
|
|
TOTAL |
|
4913.095 |
3720.056 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
48.485 |
48.435 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
11.416 |
259.964 |
|
(c) Deferred tax assets (net) |
|
6.203 |
1.934 |
|
(d)
Long-term loans and advances |
|
618.062 |
3.716 |
|
(e) Other
Non-current assets |
|
19.025 |
17.377 |
|
Total Non-Current
Assets |
|
703.191 |
331.426 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2685.698 |
1775.163 |
|
(c) Trade
receivables |
|
141.253 |
4.500 |
|
(d) Cash and bank
balances |
|
27.562 |
85.385 |
|
(e)
Short-term loans and advances |
|
1345.591 |
1509.886 |
|
(f) Other
current assets |
|
9.800 |
13.696 |
|
Total Current Assets |
|
4209.904 |
3388.630 |
|
|
|
|
|
|
TOTAL |
|
4913.095 |
3720.056 |
PROFIT
& LOSS ACCOUNT – (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
972.021 |
744.359 |
|
|
Other Income |
|
3.039 |
6.546 |
|
|
TOTAL |
|
975.060 |
750.905 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
1012.244 |
736.810 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(259.978) |
(239.693) |
|
|
Employee benefit expense |
|
49.545 |
41.577 |
|
|
Other expenses |
|
38.935 |
22.669 |
|
|
TOTAL |
|
840.746 |
561.363 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
134.314 |
189.542 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
211.058 |
141.415 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(76.744) |
48.127 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
11.306 |
11.125 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(88.050) |
37.002 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.300 |
12.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(93.350) |
24.243 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(72.54) |
18.84 |
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 |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS [AS ON
31.03.2016]
The Company has reported total income of INR 821.486 Million for the current year as compared to INR 750.864 Million in the previous year. The Net Profit earned during current year amounted to INR 10.210 Million as compared to INR 26.496 Million profit earned in the previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
0.000 |
174.935 |
|
Loans repayable on demand |
217.990 |
0.000 |
|
|
|
|
|
Total |
217.990 |
174.935 |
INDEX OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G79099586 |
100157609 |
VISTRA ITCL (INDIA) LIMITED |
02/01/2018 |
06/02/2018 |
- |
400000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
2 |
G33443474 |
100072282 |
ANAND RATHI GLOBAL FINANCE LIMITED |
22/12/2016 |
- |
- |
250000000.0 |
4TH FLOOR, SILVER METROPOLIS, JAI COACH COMPOUNDOPPOSITE BIMBISAR NAGAR, GOREGAON (EAST)MUMBAIMa400063IN |
|
3 |
C81529695 |
10625852 |
KOSAMATTAM FINANCE LIMITED |
24/02/2016 |
- |
- |
40000000.0 |
KOSAMATTAM MATHEW K. CHERIAN BUILDINGMARKET JUNCTION, M.L. ROADKOTTAYAMKL686001IN |
|
4 |
C69262772 |
10600910 |
Canara Bank |
21/10/2015 |
- |
- |
80000000.0 |
TC.31/586,587, NEAR KANJIRAVILAKOM TEMPLEBEACH ROAD PETTAH, TRIVANDRUMTRIVANDRUMKL695024IN |
|
5 |
C66292525 |
10595201 |
PNB HOUSING FINANCE LIMITED |
30/09/2015 |
- |
- |
80800000.0 |
9TH FLOORANTRIKSH BHAWAN22 K G MARGNEW DELHIDL110001IN |
|
6 |
C09952045 |
10507159 |
KERALA FINANCIAL CORPORATION |
13/06/2014 |
- |
- |
100000000.0 |
VELLAYAMBALAM, THIRUVANANTHAPURAMTHIRUVANANTHAPURAMKL695033IN |
|
7 |
C03827581 |
10423156 |
Kerala Financial Corporation |
30/03/2013 |
04/03/2014 |
- |
150000000.0 |
VellayambalamThiruvanathapuramThiruvanathapuramKL695033IN |
|
8 |
B66115460 |
10397541 |
Kerala Financial Corporation |
10/01/2013 |
15/01/2013 |
- |
150000000.0 |
VellayambalamThiruvananthapuramThiruvananthapuramKL695033IN |
|
9 |
G83145078 |
10467328 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
05/12/2013 |
06/08/2014 |
15/03/2018 |
182400000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROAD,FORTMUMBAIMH400001IN |
|
10 |
G82280165 |
10299183 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
09/06/2011 |
27/06/2011 |
15/03/2018 |
105000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMH400001IN |
|
11 |
G82282989 |
10299180 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
15/06/2011 |
24/06/2011 |
15/03/2018 |
85000000.0 |
WARDEN HOUSE 2ND FLOORSIR P M ROADFORTMUMBAIMH400001IN |
|
12 |
G79938718 |
10583260 |
PNB HOUSING FINANCE LIMITED |
28/01/2015 |
- |
26/02/2018 |
30000000.0 |
9TH FLOORANTRIKSH BHAWAN22 K G MARGNEW DELHIDL110001IN |
|
13 |
G74005281 |
10562946 |
IL & FS TRUST COMPANY LIMITED |
19/12/2014 |
- |
10/01/2018 |
400000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMH400051IN |
|
14 |
G63082895 |
10142876 |
Indian Bank |
27/02/2009 |
- |
02/11/2017 |
20000000.0 |
Overseas Branch, St. Marks Road, BangaloreBangaloreKA560001IN |
|
15 |
G33364902 |
10426454 |
Axis Trustee Services Limited |
08/03/2013 |
- |
18/01/2017 |
500000000.0 |
2nd floor - E, Axis House, Bombay Dyeing Millscompound, Pandurang Budhkar Marg, Worli,MumbaiMH400025IN |
FIXED ASSETS
· Building
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 67.72 |
|
|
1 |
INR 91.65 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
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.