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|
MIRA
INFORM REPORT
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Report No. : |
511258 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PIRAMAL REALTY PRIVATE LIMITED [w.e.f. 14.10.2011] |
|
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Formerly known
as: |
PIRAMAL DEVELOPERS PRIVATE LIMITED |
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Registered Office
: |
4th Floor, Piramal Tower Annexe, Ganpatrao Kadam Marg, Lower Parel, Mumbai
– 400013, Maharashtra |
|
Tel. No.: |
91-22-33554040 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
14.12.2010 |
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Com. Reg. No.: |
11-210970 |
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Capital
Investment / Paid-up Capital : |
INR 15.599 Million |
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CIN No.: [Company Identification
No.] |
U70102MH2010PTC210972 |
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IEC No.: [Import-Export Code 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.] |
AACCA7777K |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of real estate construction, Development,
project marketing Technical consultancy and Incidental Services. [Registered Activity] |
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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+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is
a part of “Piramal” group, a well-known real estate developer. It was
incorporated in the year 2010. It is having satisfactory track records. Management
of the company has not filed its financials of 2017 with government
department. The company
has sound financial base along with healthy networth position. Rating
takes into consideration strong managerial and financial support received to
the company from its group, favourable reputation of the “Piramal Group” in
the real estate industry with established track record of business operations
and market position. Further,
the company also derives strength from its well-established and experienced
management team. As per
indirect sources we could find that RBL Bank Ltd has provided an
unconditional and irrevocable Standby Line of Credit (SBLC) to issue of its commercial
papers. However,
rating strength is partially offset due to continuously losses incurred by
the company from last two years of business operations. Trade
relations are fair. Payment terms are reported to be slow but correct. In view of aforesaid, the company can be considered for normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Commercial Papers = A1+ |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
01.03.2018 |
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 28.05.2018
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 [91-22-61513434/ 33554040]
LOCATIONS
|
Registered Office : |
4th Floor, Piramal Tower Annexe, Ganpatrao Kadam Marg, Lower Parel, Mumbai
– 400013, Maharashtra, India |
|
Tel. No.: |
91-22-33554040/ 61513434 |
|
Fax No.: |
91-22-24902363 |
|
E-Mail : |
|
|
Website : |
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Corporate Office: |
Piramal Reality, 8th Floor, Piramal Tower, Ganpatrao Kadam Marg, Lower Parel [West], Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-62166216 |
|
Fax No.: |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rakesh Kumar Sharma |
|
Designation : |
Director |
|
Address : |
B-2006, Ashok Towers, Dr. B.A. Road, Parel, Mumbai-400012, Maharashtra, India |
|
Date of Appointment : |
08.02.2013 |
|
DIN No.: |
00323374 |
|
|
|
|
Name : |
Mr. Vipul Parimal Thakore |
|
Designation : |
Director |
|
Address : |
307, Beach Haven - I Juhu Tara Road, Juhu, Mumbai-400049, Maharashtra, India |
|
Date of Appointment : |
16.11.2016 |
|
DIN No.: |
02888163 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
The Sri Gopikrishna Trust Through its trustee Ajay G Parmar |
|
1499800 |
|
The Sri Gopikrishna Trust Through its trustee Ajay G Parmar jointly
with Ajay G Parmar |
|
200 |
|
|
|
|
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Total |
|
1500000 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Aasan Corporate Solutions Private Limited, India [Series I] |
|
20000 |
|
Aasan Corporate Solutions Private Limited, India [Series II] |
|
39850 |
|
|
|
|
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Total |
|
59850 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Others [Trust] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of real estate construction,
Development, project marketing Technical consultancy and Incidental
Services. [Registered Activity] |
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Products : |
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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 : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Haribhakti and Company LLP Chartered Accountants |
|
Address : |
701, Leela Business Park, Andheri-Kurla Road, Andheri (East), Mumbai –
400059, Maharashtra, India |
|
PAN No.: |
AAAFH2010F |
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Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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|
Where Control exist Controlling Entity : |
The Sri Gopikrishna Trust Through its trustee Ajay G Parmar and Swati
Parmar |
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Subsidiaries Company: |
· Adelwise Investments Private Limited · PDL Realty Private Limited · Piramal Residences Private Limited · Silver Pearl Realty Private Limited · PRL Developers Private Limited |
|
|
|
|
Step Down Subsidiaries: |
· PRL Agastya Private Limited [Formerly known as Neptune Realtors Private Limited] · Piramal Estates Private Limited [w.e.f. 21.03.2016] · Glider Buildcon Realtors Private Limited [Earlier Sliders Buildcon LLP]* · PRL Infra Contractions and Developers Private Limited |
|
|
|
|
Limited Liability Partnership: |
· Piramal Commercial Estates LLP · PRL Realtors LLP · PRL Properties LLP · PDL Properties LLP[up February 20, 2015] · V3 Designs LLP · Topzone Mercantile Company LLP · Glider Buildcon LLP* |
|
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Joint Venture: |
· Piramal Suntek Realty Private Limited · Uniworth Realty LLP · Assable Buildcon LLP · Pathway Buildcon LLP |
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Step Down Associate: |
Starlight Systems (I) LLP |
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Companies where key management personnel/ their relatives exercise significant
influence at any time during the year: |
· Nival Developers Private Limited · Assan Developer and Constructions Private Limited · Piramal Estates Private Limited [effective till March 20, 2016] |
*Gliders Buildcon LLP has been converted into Private Limited company w.e.f. June 22, 2015
CAPITAL STRUCTURE
AS ON: 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
|
100000 |
Preference Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 16.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000Million |
|
20000 |
1% Non-cumulative Compulsorily preference shares [CCPS Series I] |
INR 10/- each |
INR 0.200 Million |
|
39850 |
1% Non-cumulative Compulsorily preference shares [CCPS Series II] |
INR 10/- each |
INR 0.399 Million |
|
|
|
|
|
|
|
Total |
|
INR 15.599
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 |
15.599 |
15.599 |
15.599 |
|
(b) Reserves & Surplus |
3062.225 |
3332.853 |
4150.931 |
|
(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) |
3077.824 |
3348.452 |
4166.530 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3000.000 |
3800.000 |
3200.000 |
|
(b) Deferred tax liabilities (Net) |
1.733 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
16.874 |
10.556 |
|
Total
Non-current Liabilities (3) |
3001.733 |
3816.874 |
3210.556 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7346.839 |
2647.683 |
44.692 |
|
(b)
Trade payables |
0.000 |
1.288 |
1.418 |
|
(c)
Other current liabilities |
309.671 |
2590.206 |
7617.182 |
|
(d)
Short-term provisions |
0.000 |
1.401 |
0.872 |
|
Total
Current Liabilities (4) |
7656.510 |
5240.578 |
7664.164 |
|
|
|
|
|
|
TOTAL |
13736.067 |
12405.904 |
15041.250 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.407 |
40.287 |
53.323 |
|
(ii)
Intangible Assets |
2.939 |
8.961 |
2.124 |
|
(iii)
Capital work-in-progress |
0.000 |
6.180 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
9250.229 |
6956.543 |
10443.826 |
|
(c) Deferred tax assets
(net) |
0.000 |
13.430 |
9.825 |
|
(d) Long-term Loan
and Advances |
791.644 |
1150.310 |
1187.015 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
10050.219 |
8175.711 |
11696.113 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
7.837 |
56.286 |
139.238 |
|
(d)
Cash and cash equivalents |
1.024 |
94.152 |
3189.789 |
|
(e)
Short-term loans and advances |
3532.540 |
4070.411 |
0.277 |
|
(f)
Other current assets |
144.447 |
9.344 |
15.833 |
|
Total
Current Assets |
3685.848 |
4230.193 |
3345.137 |
|
|
|
|
|
|
TOTAL |
13736.067 |
12405.904 |
15041.250 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
101.454 |
191.457 |
136.028 |
|
|
|
Other Income |
1063.556 |
668.648 |
674.756 |
|
|
|
TOTAL |
1165.010 |
860.105 |
810.784 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
85.488 |
182.528 |
163.803 |
|
|
|
Other expenses |
227.439 |
67.849 |
54.257 |
|
|
|
TOTAL |
312.927 |
250.377 |
218.060 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
852.083 |
609.728 |
592.724 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1098.772 |
1412.801 |
1176.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(246.689) |
(803.073) |
(583.359) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.776 |
18.611 |
30.073 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
(255.465) |
(821.684) |
(613.432) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
15.163 |
(3.606 |
(7.038) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
(270.628) |
(818.078) |
(606.394) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
(180.42) |
(545.39) |
(404.26) |
|
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 |
2400.000 |
1800.000 |
|
|
|
|
|
|
Cash (used in) Operations |
(41.967) |
(5210.850) |
(180.642) |
|
|
|
|
|
|
Net Cash flow from (used in) operating activities |
(94.567) |
(5224.289) |
(180.642) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
28.20 |
107.31 |
373.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.95 |
3.40 |
0.98 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
102.09 |
11.00 |
10.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.92 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.36 |
2.64 |
1.21 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.49 |
1.57 |
1.84 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.02 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.78 |
0.43 |
0.50 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(266.75) |
(427.29) |
(445.79)
|
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(1.97) |
(6.59) |
(4.03) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(8.79) |
(24.43) |
(14.55) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.48 |
0.81 |
0.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.48 |
0.81 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.27 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
663.30 |
567.20 |
323.40 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.48 |
0.81 |
0.44 |
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 |
15.599 |
15.599 |
15.599 |
|
Reserves & Surplus |
4150.931 |
3332.853 |
3062.225 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4166.530 |
3348.452 |
3077.824 |
|
|
|
|
|
|
long-term borrowings |
3200.000 |
3800.000 |
3000.000 |
|
Short term borrowings |
44.692 |
2647.683 |
7346.839 |
|
Current Maturities of Long
term debt |
1800.000 |
2400.000 |
0.000 |
|
Total
borrowings |
5044.692 |
8847.683 |
10346.839 |
|
Debt/Equity
ratio |
1.211 |
2.642 |
3.362 |
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 |
136.028 |
191.457 |
101.454 |
|
|
|
40.748 |
(47.010) |
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 |
136.028 |
191.457 |
101.454 |
|
Profit/ (Loss) |
(606.394) |
(818.078) |
(270.628) |
|
|
(445.79%) |
(427.29%) |
(266.75%) |
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 |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G86662434 |
100174453 |
INDUSIND BANK LTD. |
09/04/2018 |
- |
- |
5000000000.0 |
2401 GEN THIMMAYYA ROADCONTONMENTPUNEMA411001IN |
|
2 |
G64548027 |
100135777 |
RBL BANK LIMITED |
27/09/2017 |
- |
- |
1500000000.0 |
SHAHUPURI,KOLHAPUR,KOLHAPURMA416001IN |
|
3 |
G60624301 |
100131992 |
ADITYA BIRLA FINANCE LIMITED |
22/09/2017 |
- |
- |
500000000.0 |
INDIAN RAYON COMPOUND,VERAVALGU362266IN |
|
4 |
G52892007 |
100121687 |
A. K. CAPITAL FINANCE PRIVATE LIMITED |
24/08/2017 |
- |
- |
500000000.0 |
30-39, FREE PRESS HOUSE, 3RD FLOOR,FREE PRESS JOURNAL MARG, 215, NARIMAN POINT,MUMBAIMA400021IN |
|
5 |
G47718564 |
100107747 |
ADITYA BIRLA FINANCE LIMITED |
28/06/2017 |
- |
- |
1500000000.0 |
INDIAN RAYON COMPOUND,VERAVALGU362266IN |
|
6 |
G47470448 |
100109114 |
IDBI TRUSTEESHIP SERVICES LIMITED |
08/06/2017 |
- |
- |
3500000000.0 |
ASIAN BLDG., GROUND FLOOR, 17, R.KAMANI MARG,BALLARD ESTATE,MUMBAIMH400001IN |
|
7 |
G43348978 |
100096031 |
AXIS FINANCE LIMITED |
17/01/2017 |
- |
- |
1200000000.0 |
AXIS HOUSE, GROUND FLOOR,WADIA INTERNATIONAL CENTRE ,WORLIMUMBAIMA400025IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
3000 [Previous year 3000] 12.30% Redeemable Non-convertible debentures
of INR 1000000 each |
3000.000 |
3000.000 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans from Related Parties |
913.656 |
2647.683 |
|
Loans from Others |
3433.183 |
0.000 |
|
|
|
|
|
Total |
7346.839 |
5647.683 |
CORPORATE
INFORMATION:
Subject is company registered under the Companies Act 1956. The company was
incorporated on December 14, 2010. The company is engaged in the business of
real estate construction, Development, project marketing Technical consultancy
and Incidental Services.
STATE OF COMPANY’S
AFFAIRS:
The directors are making efforts to improve the performance of the
company in the current year.
FIXED ASSETS:
Tangible
· Furniture and Fixture
· Vehicle
· Office Equipment
· Computer
· Improvement on Leasehold Premises
Intangible
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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 68.26 |
|
UK Pound |
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
PRS |
|
|
|
|
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.