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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

512416

Report Date :

30.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

NCC LIMITED (w.e.f. 2011)

 

 

Formerly Known As :

NAGARJUNA CONSTRUCTION COMPANY LIMITED

 

 

Registered Office :

NCC House, Madhapur,  Hyderabad – 500081, Telangana

Tel. No.:

91-40-23268888

 

 

Country :

India

 

 

Financials (as on) :

31.03.2018

 

 

Date of Incorporation :

22.03.1990

 

 

Com. Reg. No.:

36-011146

 

 

Capital Investment / Paid-up Capital :

INR 1111.900 Million

 

 

CIN No.:

[Company Identification No.]

L72200TG1990PLC011146

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDN00212C

 

 

TIN No.:

27590000254/ 16041272037/ 19677424075/ 09952301417/ 37590179366/ 12170980121/ 08632602813/ 20640101707

 

 

CST No.:

27590000254/ 16041272239/ 19677424269/ 09952301417C/ 37590179366/ 12170980222/ 08632602813/ 20640101707

 

 

PAN No.:

[Permanent Account No.]

AAACN7335C

 

 

GSTIN :

Not Divulged

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

The Company is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines, irrigation and hydrothermal power projects, real estate development, etc. (Registered Activity)

 

 

No. of Employees :

4653 (Approximately)

 

 

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 :

Excellent

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

NCC Limited was incorporated on 22nd March 1990. It is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and hydrothermal power projects, real estate development, etc.

 

As per the financial records of 2018, the company has achieved an average net profit margin of 3.79% but has reported a decline in its revenue as compared to the previous year.

 

Rating takes consideration the company’s decent financial risk profile marked with decent net worth, favourable gap between trade receivables to its payables and increased cash and bank balance during the year under review.

 

The company has its share price trading at around INR 121.20 on BSE as on May 30, 2018 as against the Face Value (FV) of INR 2.

 

The rating strength is partially offset by the large working capital requirement and risk in project execution.

 

Business is active. Payment seems 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.

 

 

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

ICRA

Rating

Long Term Loans = A-

Rating Explanation

Adequate degree of safety and low credit risk.

Date

29.11.2017

 

 

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 08.05.2018.

 

 

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 DENIED BY

 

Name :

Mr. D. S. Satish

Designation :

Assistant Manager

Contact No.:

91-8008496778

Date :

08.05.2018

 

 

LOCATIONS

 

Registered Office :

NCC House, Madhapur,  Hyderabad – 500081, Telangana, India

Tel. No.:

91-40-23268888

Mob. No.:

91-8008496778 [Mr. D. S. Satish]

Fax No.:

91-40-23125555

E-Mail :

ho.secr@nccltd.in

Website :

http://www.ncclimited.com

 

 

Corporate Office :

41, Nagarjuna Hills, Punjagutta, Hyderabad – 500082, Telangana, India

 

 

Regional Office 1 :

211-212, Sarthik - II, Opposite Rajpath Club Sarkhej - Gandhinagar Highway Ahmedabad - 380054, Gujarat, India

Tel. No.:

91-79-26871478/69

Email :

ro.ahmd@nccltd.in

 

Regional Office 2 :

301, Batavia Chambers 8, Kumara Krupa Road, Kumara Park East, Bangalore-560 001, Karnataka, India

Tel. No.:

91-80-22258991 / 3309

Email :

ro.blr@nccltd.in

 

Regional Office 3 :

3rd Floor, 98, Keshari Complex, Kharavela Nagar, Bhubaneswar – 751001, Odisha, India

Tel. No.:

91-674-2393059

Email :

ro.bbnr@nccltd.in

 

Regional Office 4 :

5B, Kences Towers, No. 1, Ramakrishna Street, Off. North Usman Road, Landmark Croma Electroniocs, T Nagar, Chennai – 600017, Tamilnadu, India

Tel. No.:

91-44-28143051/52

Email :

ro.chennai@nccltd.in

 

Regional Office 5 :

Sherwali, CC 44/1725-A, Perandoor Road Opposite Masthan Tower, Kaloor, Kochi – 682017, Kerala, India

Tel. No.:

91-484-2530160

 

Regional Office 6 :

House No.: C-2-183, Ansal Golf City Saheed Path, Near S J International School, Lucknow – 226030, Uttar Pradesh, India

Email :

ro.lucknow@nccltd.in

 

Regional Office 7 :

B-402, Dipti Classic, Off M V Road, Suren Lane, Andheri (East), Mumbai - 400 093, Maharashtra, India

Tel. No.:

91-22-26826790

Email :

ro.mumbai@nccltd.in

 

Regional Office 7 :

ECO Space Business Park, Block No-4A, 5th Floor, New Town Action Area -II, Kolkata – 700156, West Bengal, India

Tel. No.:

91-33-40298888

Email :

ro.kolkatta@nccltd.in

 

Overseas Office :

Located at :

 

  • Muscat
  • Doha
  • Dubai

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Alluri Anantha Venkata Ranga Raju

Designation :

Managing Director

Address :

Plot No. 174, Road No – 13, Jubilee Hills, Hyderabad-500033, Telangana, India

Date of Appointment :

22.03.1990

DIN No.:

00019161

 

Name :

Mr. Alluri Srimannarayana Raju

Designation :

Whole-Time Director

Address :

Plot No.285, Road No.25, Jubilee Hills, Hyderabad-500033, Telangana, India

Date of Appointment :

01.05.2009

DIN No.:

00017416

 

Name :

Mr. Alluri Venkata Narasimha Raju

Designation :

Whole-Time Director

Address :

Plot No.168-A, Road No 10, Jubilee Hills, Hyderabad-500033, Telangana, India

Date of Appointment :

01.06.1999

DIN No.:

00018965

 

Name :

Mr. Alluri Gopala Krishnam Raju

Designation :

Whole-Time Director

Address :

Plot No.284, Road No.25, Jubilee Hills, Hyderabad-500033, Telangana, India

Date of Appointment :

22.03.1990

DIN No.:

00019100

 

Name :

Mr. Jampanna Venkata Ranga Raju

Designation :

Whole-Time Director

Address :

11, HIG, A Sector New Yelahanka Town, Bangalore-560064, Karnataka, India

Date of Appointment :

30.07.2007

DIN No.:

00020547

 

Name :

Mr. Alluri Narayana Raju

Designation :

Director

Address :

Plot No.168-A, Road No 10, Jubilee Hills, Hyderabad-500033, Telangana, India

Date of Appointment :

31.03.2007

DIN No.:

00026723

 

Name :

Mr. Ramachandra Venkataramana Shastri

Designation :

Director

Address :

Flat No B- 2-4, Oakyard, 8th Cross, East End Main, 9th Block, Jay Anagar, Bangalore-560069, Karnataka, India

Date of Appointment :

30.07.2007

DIN No.:

00026892

 

Name :

Mr. Utpal Hemendra Sheth

Designation :

Director

Address :

2901, 29th Floor, B Wing, Beaumonde, A.S. Marathe Marg, PBD, Mumbai-400025, Maharashtra, India

Date of Appointment :

25.09.2014

DIN No.:

00081012

 

Name :

Mr. Renu Challu

Designation :

Director

Address :

A 34/1, Afochs Sainikpuri, Secunderabad-500094, Telangana, India

Date of Appointment :

25.09.2014

DIN No.:

00157204

 

Name :

Mr. Ravi Shankararamiah

Designation :

Director

Address :

8-2-547/B-2, Road No.7, Banjara Hills, Hyderabad-500034, Telangana, India

Date of Appointment :

24.08.2016

DIN No.:

00180746

 

Name :

Mr. Hemant Madhusudan Nerurkar

Designation :

Director

Address :

Flat No.1201, 12th Floor, Lodha Grandeur Rahimtullah Sayani Road, Prabhadevi, Mumbai-400025, Maharashtra, India 

Date of Appointment :

10.11.2015

DIN No.:

00265887

 

Name :

Mr. Amit Dixit

Designation :

Director

Address :

The Imperial Apartment 2102, South Tower, B B Nakashe Marg, Tardeo Mumbai-400034, Maharashtra, India 

Date of Appointment :

25.09.2014

DIN No.:

01798942

 

Name :

Mr. Neeraj Mohan

Designation :

Director

Address :

House No 467, Sector-7, Pushp Vihar, New Delhi-110017, India

Date of Appointment :

24.08.2015

DIN No.:

05117389

 

Name :

Dr. Durga Prasad Subramanyam Anapindi

Designation :

Director

Address :

1-5-13/3, New Maruthy Nagar, Kothapet, Hyderabad 500035, Telangana, India 

Date of Appointment :

24.08.2016

DIN No.:

00911306

 

 

KEY EXECUTIVES

 

Name :

Mr. Mallela Venkata Srinivasa Murthy

Designation :

Company Secretary

Address :

Flat No 201, Padmaja Towers, Plot No 81, Srinagar Colony, Hyderabad-500073, Telangana, India

Date of Appointment :

12.05.2003

PAN No.:

AFRPM4389L

 

Name :

Mr. Rudraraju Subba Raju

Designation :

Chief Financial Officer

Address :

Plot No.524, Bhagatsing Nagar Colony, Vasanth Nagar, Kukatpally, Hyderabad- 500072, Telangana, India

Date of Appointment :

18.03.2015

PAN No.:

ABMPR9712R

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2018

 

Category of shareholder

Total nos. shares held

Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2)

(A) Promoter & Promoter Group

10,87,59,780

18.11

 

(B) Public

49,18,68,108

81.89

 

Grand Total

60,06,46,588

100.00

 

 

 

Statement showing shareholding pattern of the Promoter and Promoter Group

 

Category of shareholder

Total nos. shares held

Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2)

A1) Indian

0.00

 

Individuals/Hindu undivided Family

5,22,36,597

8.70

 

Alluri Bharathi

1,24,059

0.02

 

Alluri Venkata Narasimha Raju

79,85,791

1.33

 

Alluri Shyama

99,902

0.02

 

Alluri Suguna

68,202

0.01

 

Alluri Subhadrajyothirmayi

3,08,091

0.05

 

Alluri Venkata Satyanarayanamma

7,288

0.00

 

Alluri Arundhati

8,47,222

0.14

 

J Sridevi

1,37,859

0.02

 

Jampanna Venkata Ranga Raju

22,65,916

0.38

 

A A V Ranga Raju

1,35,63,196

2.26

 

A S N Raju

62,52,215

1.04

 

Alluri Gopala Krishnam Raju

63,59,080

1.06

 

Alluri Srinivasa Rama Raju

33,46,668

0.56

 

Alluri Narayana Raju

88,58,806

1.47

 

Bhupathiraju Kausakya

11,090

0.00

 

Chaitanya Varma

1,06,121

0.02

 

Alluri Sridevi

1,13,884

0.02

 

Manthena Swetha

12,25,530

0.20

 

Alluri Nilavathi Devi

73,281

0.01

 

Alluri Shiharsha Varma

41,780

0.01

 

J Sowjanya

4,09,166

0.07

 

Alluri Sravani

31,450

0.01

 

Any Other (Specify)

5,65,23,183

9.41

 

Narasimha Developers Private Limited

15,16,179

0.25

 

A V S R Holdings Private Limited

4,04,53,278

6.74

 

Avathesh Property Developers Private Limited

34,67,000

0.58

 

Sirisha Projects Private Ltd

1,10,86,726

1.85

 

Sub Total A1

10,87,59,780

18.11

 

A2) Foreign

0.00

 

A=A1+A2

10,87,59,780

18.11

 

 

 

Statement showing shareholding pattern of the Public shareholder

 

Category & Name of the Shareholders

Total no. shares held

Shareholding % calculated as per SCRR, 1957 As a % of (A+B+C2)

B1) Institutions

0.00

 

Mutual Funds/

19,51,51,918

32.49

 

Dsp Blackrock Balanced Fund

1,76,76,400

2.94

 

Adityabirla Sun Life Trustee Company Private Limited

2,38,88,500

3.98

 

L And T Mutual Fund Trustee Ltd

71,72,500

1.19

 

Reliance Etf Infra Bees Investment Account

4,69,08,357

7.81

 

Sundaram Mutual Fund A/C Sundaram Equity Multiplier

2,60,12,843

4.33

 

Tata Midcap Growth Fund

1,45,35,500

2.42

 

UTI - Long Term Equity Fund (Tax Saving)

2,04,66,720

3.41

 

IDFC Classic Equity Fund

1,17,44,082

1.96

 

Foreign Portfolio Investors

10,60,14,968

17.65

 

Vanguard Emerging Markets Stock Index Fund, Aseries Of Vanguard International Equity Inde X Fund

63,59,831

1.06

 

Government Pension Fund Global

2,09,76,662

3.49

 

Financial Institutions/ Banks

15,99,339

0.27

 

Any Other (specify)

381

0.00

 

Foreign Bodies-dr

381

0.00

 

Sub Total B1

30,27,66,606

50.41

 

B2) Central Government/ State Government(s)/ President of India

0.00

 

B3) Non-Institutions

0.00

 

Individual share capital upto INR 0.200 Million

4,61,35,312

7.68

 

Individual share capital in excess of INR 0.200 Million

7,31,29,462

12.18

 

Juhunjhunwala Rekha Rakesh

4,51,08,266

7.51

 

Rakesh Jhunjhunwala

1,16,00,000

1.93

 

NBFCs registered with RBI

15,632

0.00

 

Any Other (specify)

6,98,21,096

11.62

 

Trusts

2,66,768

0.04

 

Others

34,86,129

0.58

 

Non-Resident Indian (NRI)

43,45,416

0.72

 

Clearing Members

15,47,742

0.26

 

Bodies Corporate

5,98,33,706

9.96

 

hdfc standard life insurance company ltd

97,73,539

1.63

 

AZIM Premji Trust

1,43,13,133

2.38

 

IEPF

3,41,335

0.06

 

Sub Total B3

18,91,01,502

31.48

 

B=B1+B2+B3

49,18,68,108

81.89

 

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines, irrigation and hydrothermal power projects, real estate development, etc. (Registered Activity)

 

 

Products / Services :

Description products / services

NIC Code No

Construction and Civil Engineering

41001, 41002, 41003, 42101, 42204

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

·         National Highways Authority of India (NHAI)

·         State Public Works Departments (of various states)

·         Karnataka Road Development Corporation Irrigation and CAD departments (of various states)

·         Hyderabad Metropolitan Water Supply and Sewerage Board

·         Gujarat Water Supply and Sewerage Board

·         Chennai Metropolitan Water Supply and Sewerage Board

·         State Electricity Boards (of various states)

·         Maharashtra Airport Development Company, Mumbai

·         Government of West Bengal, PHE Office, Kolkata

·         Sahara India Commercial Corporation Limited, Pune

·         Hindustan Aeronautics Limited

·         Bharat Heavy Electricals Limited

·         National Thermal Power Corporation

·         Reliance Industries Limited

·         Karnataka Housing Board

·         Andhra Pradesh Housing Board

·         Engineers India Limited

·         Bennett Coleman and Company Limited

·         Patni Computers Singareni Collieries Company Limited

·         Delhi Metro Rail Corporation Limited

·         Ansal Properties and Infrastructure Limited, Lucknow

·         Uttar Pradesh Housing and Development Board, Lucknow

·         Employees State Insurance Corporation (ESIC)

·         Chennai Metro Rail Limited

·         Shriram Properties Private Limited

·         Reserve Bank of India

·         Muscat Municipality, Sultanate of Oman

·         Steel Authority of India Limited

·         National Institute of Technology

·         Mahanadi Coal Fields Limited

·         Symbiosis University

·         Ministry of Defence

·         Rail Vikas Nigam Limited

·         NBCC Limited

·         Allahabad Development Authority Limited

·         Ministry of Transport and Communication - Govt. of Oman

·         Bihar Agricultural University

·         Maharashtra State Road Development Corporation Limited

·         Purvanchal Vidyut Vyapar Nigam Limited

·         Public Health Engineering Department (of various states)

·         Rashtriya Madhyamika Shiksha, Karnataka

·         Guntur Municipal Corporation, Andhra Pradesh

·         UP Expressway Industrial Development Authority

·         Indian Institute of Technology, Jodhpur

·         Directorate of Arts and Culture, Meghalaya

·         Tamilnadu Housing Board

·         National Mineral Development Corporation Limited

·         Hyderabad Growth Corridor Limited, Hyderabad

·         Sardar Sarovar Narmada Nigam Limited

·         Dept. of Sports, Govt. of Uttarakhand

·         Telangana drinking water supply project, Govt of Telangana

·         Nagpur Metro Rail Corporation Ltd. Nagpur

·         Dept. of Space, Govt. of India, Sriharikota

·         Indian Institute of Management, Raipur

·         Bangalore Metro Rail Corporation, Bangalore

 

 

No. of Employees :

4653 (Approximately)

 

 

Bankers :

Banker Name :

State Bank of India

Branch :

--

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

·         Canara Bank

·         Andhra Bank

·         Syndicate Bank

·         Indian Overseas Bank

·         Allahabad Bank

·         ICICI Bank

·         Standard Chartered Bank

·         IDBI Bank

·         Punjab National Bank

·         Oriental Bank of Commerce

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2018

As on

31.03.2017

LONG TERM BORROWING

 

 

Secured - at amortised cost

 

 

From Banks

NA

32.620

From Other Parties

NA

19.420

Vehicle Loans

 

 

From Banks

NA

9.690

From Others

NA

29.340

SHORT TERM BORROWING

 

 

Loans repayable on demand

 

 

Working Capital Demand Loan

NA

5487.120

Cash Credit

NA

9795.500

Total

NA

15373.690

 

Long Term Borrowing :

 

Term Loans from Banks

 

Term loans from Andhra Bank, State Bank of Hyderabad, State Bank of India, Syndicate Bank, Indian Overseas Bank, Canara Bank and Standard Chartered Bank outstanding balance as at March 31, 2017 INR 319.450 Million (31.03.2016: INR 1512.000 Million and 01.04.2015: INR 2572.000 Million)are secured, in terms of the sanction letter, by:

- first parri-passu charge on the properties owned by NCC Limited, NCC Urban Infrastructure Limited, Dhatri Developers and Properties Private Limited and the subsidiaries of NCC Urban Infrastructure Limited

 

- Pledge of shares of NCC Urban Infrastructure Limited held by NCC Limited.

 

- Personal guarantees of Sri AAV Ranga Raju, Sri AGK Raju, Sri ASN Raju, Sri AVN Raju, Sri AKHS Rama Raju, Sri NR Alluri and Sri JV Ranga Raju.

 

These loans are repayable in 8 quarterly instalments (with a moratorium of 24 months) commencing from September 30, 2016 to June 30,2018 and carry interest rate of 13.50% per annum with monthly rests. Certain portion of loans have been prepaid during the year.

 

(ii) HDFC Bank

- Secured by hypothecation of specific assets purchased out of the loan, comprising Plant and Machinery

 

(iii) Axis Bank Limited

 

Term Loans from Others Parties:-

 

Secured by hypothecation of specific assets purchased out of loan, comprising Plant and Machinery and Construction equipment

 

Vehicle Loans

 

Vehicle loans are secured by hypothecation of the vehicles financed through the loan arrangements. Such loans are repayable in equal monthly installments over a period of 3 to 5 years and carry interest rate ranging between 7.43 % to 11.93 % per annum

 

Short Term Borrowing :

 

Working Capital Demand Loans and Cash Credit facilities availed from consortium of banks are secured by:

a) Hypothecation against first charge on stocks, book debts, shares of NCC Infrastracture Holdings Limited (Refer note 4.3) and other current assets of the Company, (excluding specific projects) both present and future, ranking parri passu amongst consortium banks.

 

b) Hypothecation against first charge on unencumbered fixed assets of the Project Division and Light Engineering Division (excluding Land & Buildings) of the Company rank parri passu amongst consortium banks.

 

c) Equitable mortgage of three properties (Land and Buildings).

 

d) The Company availed overdraft facility from ICICI Bank and is secured, in terms of the sanction letter,by:

- mortagage over immovable fixed assets;

- Pledge of shares of NCC Urban Infrastructure Limited held by NCC Limited;

- Personal guarantees of Sri. A.A.V. Ranga Raju, Sri A.G.K. Raju, Sri. A.S.N. Raju, Sri. A.V.N. Raju, Sri. A.K.H.S. Rama Raju, Sri. N.R. Alluri and Sri. J.V. Ranga Raju; This facility carries an interest rate of 13.50% per annum.

 

 

Joint Statutory Auditors :

 

Name :

M. Bhaskara Rao and Company

Chartered Accountants

Address :

6-3-652 5-D, Fifth Floor 'KAUTILYA', Amrutha Estates, Somajiguda, Hyderabad - 500082, Telangana, India

Membership No :

5176

 

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

1-8-384 & 385, 3rd Floor Gowra Grand, Sardar Patel Road, Secunderabad - 500 003, Telangana, India

Membership No :

201193

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

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  • Pondicherry Tindivanam Tollway Limited
  • Varapradha Real Estates Private Limited
  • NCC - NEC - Maytas
  • NCC - VEE
  • SDB-NCC-NEC

 

Subsidiaries : [AS ON 31.03.2017]

·         NCC Infrastructure Holdings Limited

·         NCC Urban Infrastructure Limited

·         NCC Vizag Urban Infrastructure Limited

·         Nagarjuna Construction Company Limited and Partners LLC

·         OB Infrastructure Limited

·         NCC Infrastructure Holdings Mauritius Pte. Limited

·         Nagarjuna Construction Company International LLC

·         Nagarjuna Contracting Co. LLC

·         Patnitop Ropeway and Resorts Limited

·         Western UP Tollway Limited

·         Vaidehi Avenues Limited

·         NCC International Convention Centre Limited

·         NCC Oil and Gas Limited

·         Nagarjuna Construction Company (Kenya) Limited

·         Naftogaz Engineering Private Limited

·         NCC Power Projects (Sompeta) Private Limited

·         Aster Rail Private Limited

·         Pachhwara Coal Mining Private Limited

 

Step-Down Subsidiaries: [AS ON 31.03.2017]

·         Liquidity Limited

·         Dhatri Developers and Projects Private Limited

·         Sushanti Avenues Private Limited

·         Sushruta Real Estates Private Limited

·         PRG Estates Private Limited

·         Thrilekya Real Estates Private Limited

·         Varma Infrastructure Private Limited

·         Nandyala Real Estates Private Limited

·         Kedarnath Real Estates Private Limited

·         AKHS Homes Private Limited

·         JIC Homes Private Limited

·         Sushanthi Housing Private Limited

·         CSVS Property Developers Private Limited

·         Vera Avenues Private Limited

·         Sri Raga Nivas Property Developers Private Limited

·         VSN Property Developers Private Limited

·         MA Property Developers Private Limited

·         Vara Infrastructure Private Limited

·         Sri Raga Nivas Ventures Private Limited

·         Mallelavanam Property Developers Private Limited

·         Sradha Real Estates Private Limited

·         Siripada Homes Private Limited

·         NJC Avenues Private Limited

·         NCC Urban Lanka (Private) Limited

·         NCC WLL

·         Al Mubarakia Contracting Company LLC

·         NCCA International Kuwait General Contracts Company LLC

·         Samashti Gas Energy Limited

·         NCC Infra Limited

·         NCC Urban Homes Private Limited

·         NCC Urban Ventures Private Limited

·         NCC Urban Meadows Private Limited

·         NCC Urban Villas Private Limited

·         Nagarjuna Suites Private Limited

·         Savitra Agri Industrial Park Private Limited (formerly NCC Power Projects (Sompeta) Private Limited)

 

 

Enterprises owned or significantly influenced by key management personnel or their relatives: [AS ON 31.03.2017]

·         NCC Blue Water Products Limited

·         Swetha Estates

·         NCC Finance Limited

·         Sirisha Memorial Charitable Trust

·         Shyamala Agro Farms Private Limited

·         Ranga Agri Impex Private Limited

·         NCC Foundation

·         Sirisha Projects Private Limited

·         Ruthvik Estates Private Limited

·         Narasimha Developers Private Limited

·         Mihika Agro Farms Private Limited

·         Lalit Agro Farms Private Limited

·         Bhuvanesh Realtors Private Limited

·         Arnesh Ventures Private Limited

·         Suguna Estates Private Limited

·         AVSR Holdings Private Limited

·         Kolleru Industries Private Limited

·         Godavari Holiday Resorts Private Limited

·         Sridevi Properties

·         Kaveri Properties

·         Avathesh Property Developers Private Limited

·         Jyothi Greenlands Private Limited

·         Arundhathi Greeenlands Private Limited

·         Sirisha Mining Private Limited

·         Nirathi Mining Private Limited

·         Jyothirmayi Minerals Private Limited

·         Prakrithi Realty Private Limited

·         Natural Buildtech Private Limited

·         Prakrithi Promoters Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2018

 

Authorised Capital : Not Available

 

Issued, Subscribed & Paid-up Capital : INR 1201.300 Million

 

AFTER 31.03.2017

 

Authorised Capital : INR 1500.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 1201.293 Million

 

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000000

Equity Shares

INR 2/- each

INR 1500.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

555931588

Equity Shares

INR 2/- each

INR 1111.900 Million

 

 

 

 

 

Reconciliation of the number of equity shares and amount outstanding at beginning and at end of the year

 

Equity Shares

Year Ended March 31, 2017

 

Number of Shares

INR In Million

Balance at beginning of the year

555931588

1111.860

Add: Equity shares allotted during the year

--

--

Balance at end of the year

555931588

1111.860

 

 

Details of shares held by each shareholder holding more than 5% shares (excluding shares represented by underlying Global Depositary Receipts (GDRs))

 

Name of Shareholder

Number of Shares

% holding

Blackstone GPV Capital Partners Mauritius V-A Limited

--

--

Rekha Jhunjhunwala

45108266

8.11

A V S R Holdings Private Limited

36352278

6.54

UTI Mutual Fund

--

--

 

 

Details of unsubscribed equity shares

Pursuant to the approval of the shareholders during the meeting held on August 24, 2015, the unsubscribed portion of the issued share capital of the Company representing 250,000 equity shares INR 2 each amounting to ` 500,000 has been cancelled.

 

Rights of the share holders

 

The equity shares of the company having par value of ` 2 per share, rank pari passu in all respects including voting rights (except GDRs) and entitlement to dividend. Repayment of the capital in the event of winding up of the Company will inter alia be subject to the provisions of Companies Act 2013, the Articles of Association of the Company and as may be determined by the Company in General Meeting prior to such winding up.

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2018

31.03.2017

31.03.2016

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

1201.300

1111.860

1111.860

(b) Reserves & Surplus

41215.200

33311.000

31496.310

(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)

42416.500

34422.860

32608.170

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1185.400

91.070

1018.630

(b) Deferred tax liabilities (Net)

0.000

754.490

497.430

(c) Other long term liabilities

1243.100

0.000

0.000

(d) long-term provisions

151.000

268.050

227.990

Total Non-current Liabilities (3)

2579.500

1113.610

1744.050

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

10450.900

15282.620

17165.650

(b) Trade payables

33881.900

28680.850

27710.520

(c) Other current liabilities

18388.800

9589.660

13269.360

(d) Short-term provisions

288.100

68.890

59.160

Total Current Liabilities (4)

63009.700

53622.020

58204.690

 

 

 

 

TOTAL

108005.700

89158.490

92556.910

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7478.300

5899.530

5801.770

(ii) Intangible Assets

15.800

22.530

37.310

(iii) Capital work-in-progress

229.300

12.740

76.430

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

10823.900

10768.160

9926.210

(c) Deferred tax assets (net)

1792.500

1354.210

814.460

(d)  Long-term Loan and Advances

4872.700

0.000

115.530

Trade recivables

1833.000

1676.580

1172.120

(e) Other Non-current assets

1722.900

858.290

871.380

Total Non-Current Assets

28768.400

20592.040

18815.210

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.030

2.280

(b) Inventories

16955.600

15258.250

16567.700

(c) Trade receivables

45056.400

35358.090

30866.310

(d) Cash and cash equivalents

658.900

1094.640

2158.480

(e) Short-term loans and advances

1451.700

5860.780

11494.390

(f) Other current assets

15114.700

10994.660

12652.540

Total Current Assets

79237.300

68566.450

73741.700

 

 

 

 

TOTAL

108005.700

89158.490

92556.910

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2018

31.03.2017

31.03.2016

 

SALES

 

 

 

 

Income

75593.300

78920.730

83251.550

 

Other Income

1158.300

1400.760

2239.850

 

TOTAL

76751.600

80321.490

85491.400

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

29352.800

29958.850

38619.350

 

Construction Expenses

7679.000

9347.370

8395.980

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(1587.400)

1398.020

389.590

 

Sub-contractors work bill

25866.100

26166.720

23351.110

 

Employees benefits expense

3641.100

3315.450

3007.810

 

Exceptional Items

0.000

503.370

203.230

 

Other expenses

2092.900

1882.560

2111.270

 

TOTAL

67044.500

72572.340

76078.340

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

9707.100

7749.150

9413.060

 

 

 

 

 

Less

FINANCIAL EXPENSES

3789.400

3956.990

5088.580

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

5917.700

3792.160

4324.480

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

1174.700

1120.630

1099.590

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4743.000

2671.530

3224.890

 

 

 

 

 

Less

TAX

809.400

416.520

823.200

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

3933.600

2255.010

2401.690

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

NA

2250.090

1861.450

 

 

 

 

 

Less

Depreciation on transition to Schedule II of the Companies Act, 2013

NA

NA

0.000

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

Transfer to General Reserve

NA

0.000

222.370

 

Dividend

NA

333.560

45.270

 

Tax on Dividend

NA

67.900

1745.410

 

Total (M)

NA

401.460

2013.050

 

 

 

 

 

 

Balance Carried to the B/S

NA

4103.640

2250.090

 

 

 

 

 

 

IMPORTS

 

 

 

 

Material Purchases

NA

 192.620

849.350

 

Capital Goods

NA

 0.000

276.560

 

TOTAL IMPORTS

NA

 192.620

1125.91

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

5.09

4.06

4.32

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2018

31.03.2017

31.03.2016

Current Maturities of Long term debt

NA

393.010

644.750

Cash generated from operations

NA

3556.730

4942.720

Net cash flows from (used in) operations

NA

1967.970

4886.280

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2018

31.03.2017

31.03.2016

Average Collection Days

(Sundry Debtors / Income * 365 Days)

217.55

163.53

135.33

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.68

2.23

2.70

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

421.32

266.33

215.13

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.57

5.14

5.03

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.26

13.22

14.10

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2018

31.03.2017

31.03.2016

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.59

0.61

0.65

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.27

0.46

0.58

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.49

1.56

1.78

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.18

0.17

0.18

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

2.56

19.82

16.39

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2018

31.03.2017

31.03.2016

PAT to sales Income

((PAT / sales ) * 100)

%

5.20

2.86

2.88

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

3.64

2.53

2.59

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

9.27

6.55

7.37

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2018

31.03.2017

31.03.2016

Current Ratio

(Current Assets / Current Liabilities)

1.26

1.28

1.27

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.99

0.99

0.98

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.39

0.39

0.35

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

9.69

14.18

16.93

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.26

1.28

1.27

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2016

31.03.2017

31.03.2018

 

INR In Million

INR In Million

INR In Million

Share Capital

1111.860

1111.860

1201.300

Reserves & Surplus

31496.310

33311.000

41215.200

Net worth

32608.170

34422.860

42416.500

 

 

 

 

long-term borrowings

1018.630

91.070

1185.400

Short term borrowings

17165.650

15282.620

10450.900

Total borrowings

18184.280

15373.690

11636.300

Debt/Equity ratio

0.558

0.447

0.274

 

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2016

31.03.2017

31.03.2018

 

INR In Million

INR In Million

INR In Million

Sales

83251.550

78920.730

75593.300

 

 

(5.202)

(4.216)

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2016

31.03.2017

31.03.2018

 

INR In Million

INR In Million

INR In Million

Sales

83251.550

78920.730

75593.300

Profit

2401.690

2255.010

3933.600

 

2.88%

2.86%

5.20%

 

 

 

LEGAL CASES

 

 

 

 
DISTRICT AND SESSIONS COURT, FARIDABAD

 

Case Details

 

Case Type: Arb

Filing Number: 3540/2015Filing Date: 15-07-2015

Registration No.: 25/2015Registration Date: 16-07-2015

Case Code: 201300035402015

 

Case Status

 

First Hearing Date: 11th November 2015

Next Hearing Date: 27th May 2016

Stage of Case: Appearance

Court No. and Judge: 23-Additional District and Sessions Judge

 

Petitioner and Advocate

1)     NHPC LTD

Address - NHPC OFFICE COMPLEX SECTOR 33, FARIDABAD HARYANA 121003
Advocate- RAGHUVESH SINHAL

 

Respondent and Advocate

 

1)     HIMACHAL JOINT VENTURE

 Address - C/O SRI SHNKARANARAYANA CONSTRUCTION CO. TERRACE FLOOR VAINATHEYA NEW NO.64,IST MAIN STBED KORAMANGALABANGALORE 560034

 

2)     M/S ILFS ENGG. CONSTRUCTION CO. LTD

REGD OFFICE AT 6-3-1186/1 AND 2, BEGUMPET, HYDERABAD 500016

 

3)     NCC LIMITED

REGD OFFICE AT NCC HOUSE, MADHAPUR, HYDERABAD 500081

 

4)     SNC POWER CORP. PVT. LTD.

REGD OFFICE AT SNC HOUSE, 4TH FLOOR NO.7, RESIDENCY ROAD BANGALORE, KARNATKA 5600025 ALSO OFFICE AT TERRACE FLOOR, VAINATHEYA, NEW NO. 64 IST MAIN, S.T. BED, KORAMANGALA, BANGLORE 560034.

 

Acts

Under Act(s)

Under Section(s)

Arbitration and Conciliation Act

9

History of Case Hearing

 

 

Registration No.

Judge

Business On Date

Hearing Date

Purpose of hearing

25/2015

Additional District and Sessions Judge

11-11-2015

17-02-2016

Appearance

25/2015

Additional District and Sessions Judge

17-02-2016

27-05-2016

Appearance

 

 

Orders

 

  Order No.

  Order Date

  Order Details

  1

  17-02-2016

  Copy of order

 

 

 

 

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

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

Yes

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

Yes

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

Yes

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

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOANS:

 

Particulars

31.03.2017

INR In Million

31.03.2016

INR In Million

SHORT TERM BORROWINGS

 

 

From Others

0.000

250.000

Total

0.000

250.000

 

 

INDEX OF CHARGE:

 

Charges Registered

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G83020792

100167091

KOTAK MAHINDRA PRIME LIMITED

19/03/2018

-

-

1592000.0

27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN

2

G80335748

100162675

SREI EQUIPMENT FINANCE LIMITED

05/03/2018

-

-

26914081.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

3

G80694201

100163252

Canara Bank

02/03/2018

-

-

2000000000.0

T S R ComplexS P RoadSECUNDERABADTG500003IN

4

G80953383

100163699

TATA CAPITAL FINANCIAL SERVICES LIMITED

28/02/2018

-

-

8071200.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

5

G80334238

100162668

KOTAK MAHINDRA PRIME LIMITED

28/02/2018

-

-

1200000.0

27BKC, C 27, G BlockBandra Kurla Complex, Bandra (E),MumbaiMa400051IN

6

G78278827

100157770

SREI EQUIPMENT FINANCE LIMITED

15/02/2018

-

-

22604543.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

7

G78487964

100158216

TATA CAPITAL FINANCIAL SERVICES LIMITED

31/01/2018

-

-

8071200.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

8

G77294668

100155478

TATA CAPITAL FINANCIAL SERVICES LIMITED

31/01/2018

-

-

1516376.7

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

9

G77427920

100155828

TATA CAPITAL FINANCIAL SERVICES LIMITED

31/01/2018

-

-

776157.3

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

10

G83838698

100168956

TATA CAPITAL FINANCIAL SERVICES LIMITED

31/01/2018

-

-

13593600.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

11

G77391225

100155742

TATA CAPITAL FINANCIAL SERVICES LIMITED

23/01/2018

-

-

6159600.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

12

G75915686

100152092

SREI EQUIPMENT FINANCE LIMITED

15/01/2018

-

-

24592963.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

13

G75916270

100152097

SREI EQUIPMENT FINANCE LIMITED

15/01/2018

-

-

17416800.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

14

G75916775

100152099

SREI EQUIPMENT FINANCE LIMITED

15/01/2018

-

-

24581764.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

15

G77390615

100155740

TATA CAPITAL FINANCIAL SERVICES LIMITED

12/01/2018

-

-

3281580.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

16

G76043512

100152421

TATA CAPITAL FINANCIAL SERVICES LIMITED

30/12/2017

-

-

8071200.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

17

G77292720

100155468

TATA CAPITAL FINANCIAL SERVICES LIMITED

29/12/2017

-

-

20815200.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

18

G76005008

100152319

TATA CAPITAL FINANCIAL SERVICES LIMITED

29/12/2017

-

-

20815200.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

19

G76002971

100152312

TATA CAPITAL FINANCIAL SERVICES LIMITED

28/12/2017

-

-

7359731.0

One Forbes,Dr. V. B. Gandhi Marg, FortMumbaiMH400001IN

20

G72647837

100144287

SREI EQUIPMENT FINANCE LIMITED

15/12/2017

-

-

26826000.0

'VISHWAKARMA', 86C, TOPSIA ROAD,KOLKATAWe700046IN

 

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2017

(INR in million)

Matters under litigation

 

Claims against the company not acknowledged as debt

 

Disputed sales tax / entry tax liability for which the Company preferred appeal

1528.660

Disputed central excise duty relating to clearance of goods of LED division in favour of Developers of SEZ, for which the Company has filed an appeal to CESTAT, Bangalore

4.550

Disputed service tax liability for which the Company preferred appeal

963.140

Disputed Income tax liability for which the Company preferred appeal

36.080

Others

146.180

 

 

Guarantees

 

Counter Guarantees and Letter of Credits given to the Bankers *

39.480

Corporate Guarantees given to Banks for financial assistance extended to Subsidiaries

4632.600

Notes :

*Excludes Guarantees given against Company's liabilities, in terms of Guidance Note issued by the Institute of Chartered Accountants of India.

 

 

FIXED ASSETS:

 

  • Land – Freehold
  • Buildings
  • Plant and Machinery
  • Furniture and Fixtures
  • Construction Vehicles
  • Office Vehicles
  • Office Equipment
  • Lease Hold Improvements
  • Construction Accessories
  • 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 67.82

UK Pound

1

INR 90.17

Euro

1

INR 78.70

 

 

INFORMATION DETAILS

 

Information Gathered by :

RUB

 

 

Analysis Done by :

NIY

 

 

Report Prepared by :

JYO

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--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

YES

--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)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.