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MIRA INFORM REPORT
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Report No. : |
512269 |
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Report Date : |
31.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SUPERTECH LIMITED (w.e.f. 22.12.2006) |
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Formerly Known
As : |
SUPERTECH CONSTRUCTIONS LIMITED (w.e.f. 12.09.2006) SUPERTECH CONSTRUCTIONS PRIVATE LIMITED |
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Registered
Office : |
1114, Hamkund Chambers, 11 Floor, 89, Nehru Place, New Delhi- 110019 |
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Tel. No.: |
91-11-41619836 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
07.12.1995 |
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Com. Reg. No.: |
55-074422 |
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Capital
Investment / Paid-up Capital : |
INR 449.460 Million |
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CIN No.: [Company Identification
No.] |
U74899DL1995PLC074422 |
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IEC No.: [Import-Export Code No.] |
0503052205 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AABCS0646N |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is a real estate developer engaged in the business of construction, development, sale, management and operation of all or any part of townships, housing projects, commercial premises and other related activities. (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)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 21400000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 1995. It is engaged
in to Construction business.
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long term bank
facilities : C (withdrawn) I |
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Rating Explanation |
Poor-credit-quality
and limited prospects of recovery. |
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Date |
21.11.2017 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank
facilities : D (withdrawn) II |
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Rating Explanation |
Lowest-credit-quality
and very low prospects of recovery. |
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Date |
21.11.2017 |
Reason for withdrawn: received no objection certificate from bank
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 31.05.2018
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
Management non-cooperative (Mobile No.: 91-8954887887/ Tel No.:
91-11-41619836/ 91-120-4572600)
LOCATIONS
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Registered Office : |
1114, Hamkund Chambers, 11 Floor, 89, Nehru Place, New Delhi- 110019, India |
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Tel. No.: |
91-11-41619836 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office 1 : |
“Supertech House” B 28-29, Sector-58, Noida - 201307, Uttar Pradesh, India |
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Tel. No.: |
91-120-4572600 (30 Lines) |
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Fax No.: |
91-120-4669991 |
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Corporate Office 2 /
Project Offices/Sites 1 : |
Urban 5, Sector - 68, Gurugram, Haryana, India |
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Tel. No.: |
91-120-4724100 |
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Project
Offices/Sites |
Also Located at :
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DIRECTORS
As on 2018
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Name : |
Mr. Ram Kishor Arora |
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Designation : |
Managing Director |
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Address : |
C/1/10, Sector – 36, Noida – 201303, Uttar Pradesh, India |
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Date of Birth/Age : |
03.01.1964 |
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Date of Appointment : |
04.04.2015 |
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DIN No.: |
00021491 |
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Other
Directorship :
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Name : |
Mrs. Sangita Arora |
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Designation : |
Whole-time director |
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Address : |
C/1/10, Sector – 36, Noida – 201303, Uttar Pradesh, India |
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Date of Birth/Age : |
06.08.1966 |
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Date of Appointment : |
24.11.2011 |
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DIN No.: |
00021602 |
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PAN No.: |
AAEPA1216E |
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Other
Directorship :
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Name : |
Mr. Vikas Kansal |
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Designation : |
Whole time director |
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Address : |
8/74, Sector – 3, Rajender Nagar, Sahibabad, Ghaziabad – 201005, Uttar
Pradesh, India |
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Date of Birth/Age : |
25.01.1963 |
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Date of Appointment : |
30.01.2015 |
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DIN No.: |
00175462 |
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PAN No.: |
AHPPK8646N |
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Name : |
Mr. Anil Kumar Jain |
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Designation : |
Whole time director |
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Address : |
C-106, Rail Vihar, Sector – 3, Vasundhara, Indirapuram, Ghaziabad –
201010, Uttar Pradesh, India |
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Date of Birth/Age : |
10.10.1963 |
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Date of Appointment : |
09.08.2012 |
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DIN No.: |
05359280 |
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Name : |
Mr. Pradeep Kumar Goel |
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Designation : |
Whole time director |
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Address : |
E-804, Palm Green Supertech, Delhi Road, Meerut – 250002, Maharashtra,
India |
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Date of Birth/Age : |
24.05.1964 |
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Date of Appointment : |
09.08.2012 |
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DIN No.: |
05359277 |
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Other
Directorship :
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Name : |
Mr. Anil Kumar Sharma |
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Designation : |
Whole time director |
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Address : |
446, Galo No. 7, Rajeev Gandhi Marg, East Babarpur, Shahdara, Delhi –
110032, India |
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Date of Birth/Age : |
05.01.1960 |
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Date of Appointment : |
23.11.2014 |
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DIN No.: |
00408572 |
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Name : |
Mr. Gulshan Lal Khera |
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Designation : |
Director |
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Address : |
B-I/597 B, Janakpuri, New Delhi – 110058, India |
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Date of Birth/Age : |
31.12.1950 |
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Date of Appointment : |
25.02.2015 |
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DIN No.: |
02193734 |
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Other
Directorship :
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Name : |
Mr. Shailendra Kumar Paliwal |
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Designation : |
Director |
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Address : |
5/474, Viram Khand, Gomti Nagar, Lucknow-226010, Uttar Pradesh, India |
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Date of Birth/Age : |
05.07.1978 |
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Date of Appointment : |
01.10.2015 |
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DIN No.: |
03531235 |
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Other
Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Anurag Srivastava |
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Designation : |
Company Secretary |
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Address : |
Amar Pal Singh Yadav, WZ 121/3, Todapur, Pusa, New Delhi-110028, India |
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Date of Birth/Age : |
01.02.1979 |
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Date of Appointment : |
17.01.2008 |
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PAN No.: |
BMUPS2359M |
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Name : |
Mr. Dharmendra Kumar |
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Designation : |
Chief Financial Officer |
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Address : |
SE, 157, Shastri Nagar Kavinagar, Ghaziabad-201002, Uttar Pradesh, India |
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Date of Appointment : |
01.03.2017 |
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PAN No.: |
AKSPK5775E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2017
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Names of Shareholders |
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No. of Shares |
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Ram Kishor Arora |
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21720678 |
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Sangita Arora |
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15475570 |
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Kishan G Arora |
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12200 |
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R K Arora and Sons HUF |
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799747 |
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Anil Arora |
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9000 |
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K G Arora and Sons HUF |
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369953 |
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L S Arora and Sons HUF |
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437771 |
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Rajeev Arora and Sons (HUF) |
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92600 |
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Sanjay Arora and Sons (HUF) |
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36106 |
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Supertech Estate Private Limited, India |
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1600000 |
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Mohit Arora S/o Mr. Ram Kishor Arora |
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1740285 |
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Supertech Realtech Private Limited, India |
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2652090 |
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Total |
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44946000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
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Category |
Percentage |
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Promoters (Individual/Hindu Undivided Family-Indian) |
89.38 |
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Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
1.16 |
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Public/Other than promoters (Body corporate) |
9.46 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is a real estate developer engaged in the business of construction, development, sale, management and operation of all or any part of townships, housing projects, commercial premises and other related activities. (Registered Activity) |
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Products/
Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri Vadodara-390015,
Gujarat, India |
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Facilities : |
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Financial
institution : |
PNB Housing Finance Limited, 9th Floor, Antriksh Bhawan,
22 K G Marg, New Delhi-110001 India |
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Auditors : |
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Name : |
Ashu Gupta and Associates Chartered Accountants |
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Address : |
07, Local Shopping Centre, Dayanand Vihar, New Delhi, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFA4337J |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries (As on 31.03.2017) |
CIN No.: U72300DL2006PTC155406
CIN No.: U51109DL2005PTC202018
CIN No.: U55101DL2009PTC194154
CIN No.: U70200DL2010PTC202282
CIN No.: U70109DL2011PTC221189
CIN No.: U70200DL2010PLC204121
CIN No.: U70102DL2007PTC163662
CIN No.: U45201DL2003PTC122969
CIN No.: U70200DL2012PTC236962
CIN No.: U70200DL2012PTC238638
CIN No.: U70102DL2012PTC238634
CIN No.: U70109DL2012PTC242405
CIN No.: U62200DL2013PTC247182
CIN No.: U45201UP2006PTC031971
CIN No.: U45203DL2001PLC113154
CIN No.: U70200DL2010PTC210166
CIN No.: U17291DL2007PTC170106
CIN No.: U67110DL2009PTC193487
CIN No.: U45200DL2007PTC158264
CIN No.: U70200DL2015PTC278585
CIN No.: U70109DL2015PTC276763
CIN No.: U70109DL2015PTC278568
CIN No.: U45201DL2005PTC137254
CIN No.: U45201DL2004PTC130093
CIN No.: U45201DL2005PTC137256
CIN No.: U70101DL2004PTC126802
CIN No.: U45201DL2004PTC130519
CIN No.: U45201DL2005PTC137257 |
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Associate (As on 2017) : |
CIN No.: U70109DL2013PTC254779
CIN No.: U45200TG2008PTC059512
CIN No.: U70101DL2011PTC218570
CIN No.: U45400DL2011PTC213740
CIN No.: U22211DL2009PTC194157
CIN No.: U52110DL1984PLC019513
CIN No.: U70109UP2016PTC087328
CIN No.: U70101DL2011PTC217124
CIN No.: U70109DL2011PTC217965 |
|
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Subsidiaries (As on 31.03.2016): |
|
|
|
|
|
Associates/group
companies (As on 31.03.2016): |
|
|
|
|
|
Entities over which
company or key management personnel or their relatives, exercise significant
influence (As on 31.03.2016): |
|
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|
|
|
Joint venture (As on
31.03.2016): |
Assotech-Supertech (JV) |
CAPITAL STRUCTURE
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45000000 |
Equity Shares |
INR 10/- each |
INR 450.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
44946000 |
Equity Shares |
INR 10/- each |
INR 449.460
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 |
449.460 |
449.460 |
124.850 |
|
(b) Reserves and Surplus |
7057.475 |
6832.976 |
6339.065 |
|
(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) |
7506.935 |
7282.436 |
6463.915 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
30226.101 |
22582.682 |
14673.024 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
86.404 |
71.543 |
56.970 |
|
Total Non-current
Liabilities (3) |
30312.505 |
22654.225 |
14729.994 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
17196.427 |
13881.058 |
13841.212 |
|
(c) Other
current liabilities |
16801.848 |
13904.946 |
9969.562 |
|
(d) Short-term
provisions |
280.270 |
363.096 |
380.750 |
|
Total Current Liabilities
(4) |
34278.545 |
28149.100 |
24191.524 |
|
|
|
|
|
|
TOTAL |
72097.985 |
58085.761 |
45385.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
433.775 |
503.047 |
448.709 |
|
(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 |
6663.477 |
7231.965 |
6209.657 |
|
(c) Deferred tax assets (net) |
72.667 |
49.126 |
26.852 |
|
(d)
Long-term loans and advances |
121.339 |
101.925 |
104.956 |
|
(e) Other
Non-current assets |
431.526 |
312.381 |
50.743 |
|
Total Non-Current
Assets |
7722.784 |
8198.444 |
6840.917 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
35699.041 |
22548.157 |
12032.616 |
|
(c) Trade receivables |
3394.836 |
3908.642 |
4952.375 |
|
(d) Cash and bank balances |
838.818 |
1418.318 |
1666.330 |
|
(e) Short-term loans and advances |
9311.171 |
11352.294 |
6351.767 |
|
(f) Other current assets |
15131.335 |
10659.906 |
13541.428 |
|
Total
Current Assets |
64375.201 |
49887.317 |
38544.516 |
|
|
|
|
|
|
TOTAL |
72097.985 |
58085.761 |
45385.433 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
13931.543 |
14819.023 |
19104.921 |
|
|
Other Income |
830.330 |
422.705 |
431.738 |
|
|
TOTAL |
14761.873 |
15241.728 |
19536.659 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
5007.373 |
3882.576 |
5344.127 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13885.183) |
(9915.090) |
(1966.543) |
|
|
Employee benefit expense |
733.467 |
813.057 |
693.120 |
|
|
CSR expenditure |
12.184 |
0.000 |
0.000 |
|
|
Other expenses |
17738.462 |
15857.794 |
12610.269 |
|
|
Prior period items |
(14.177) |
6.951 |
7.161 |
|
|
TOTAL |
9592.126 |
10645.288 |
16688.134 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
5169.747 |
4596.440 |
2848.525 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4474.096 |
3624.572 |
1482.125 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
695.651 |
971.868 |
1366.400 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
133.541 |
144.800 |
87.520 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
562.110 |
827.068 |
1278.880 |
|
|
|
|
|
|
|
Less |
TAX |
229.682 |
313.774 |
353.588 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
332.428 |
513.294 |
925.292 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.868 |
5.469 |
0.000 |
|
|
TOTAL EARNINGS |
0.868 |
5.469 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
24.378 |
1.462 |
0.000 |
|
|
TOTAL IMPORTS |
24.378 |
1.462 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
7.40 |
19.02 |
74.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
5710.912 |
5367.663 |
2599.760 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(6350.288) |
(1674.213) |
(5230.939) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
88.94 |
96.27 |
94.62 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.10 |
3.79 |
3.86 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
1253.49 |
1304.95 |
945.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.14 |
0.20 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
11.92 |
9.14 |
6.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.97 |
0.97 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.79 |
3.84 |
2.67 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
4.57 |
3.87 |
3.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.06 |
0.07 |
0.07 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.16 |
1.27 |
1.92 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT / Sales) * 100] |
% |
2.39 |
3.46 |
4.84 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.46 |
0.88 |
2.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
4.43 |
7.05 |
14.31 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.88 |
1.77 |
1.59 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.84 |
0.97 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.10 |
0.13 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
79.96 |
62.19 |
138.35 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.88 |
1.77 |
1.59 |
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 |
124.850 |
449.460 |
449.460 |
|
Reserves & Surplus |
6339.065 |
6832.976 |
7057.475 |
|
Net
worth |
6463.915 |
7282.436 |
7506.935 |
|
|
|
|
|
|
long-term borrowings |
14673.024 |
22582.682 |
30226.101 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
2599.760 |
5367.663 |
5710.912 |
|
Total
borrowings |
17272.784 |
27950.345 |
35937.013 |
|
Debt/Equity
ratio |
2.672 |
3.838 |
4.787 |
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 |
19104.921 |
14819.023 |
13931.543 |
|
|
|
(22.433) |
(5.989) |
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 |
19104.921 |
14819.023 |
13931.543 |
|
Profit |
925.292 |
513.294 |
332.428 |
|
|
4.84% |
3.46% |
2.39% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
406.939 |
406.939 |
|
(b) Reserves & Surplus |
|
6541.382 |
6527.571 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
32.600 |
|
Total
Shareholders’ Funds (1) + (2) |
|
6948.321 |
6967.110 |
|
|
|
|
|
|
Minority
interest |
|
610.754 |
195.498 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
42126.272 |
31118.655 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
88.141 |
71.628 |
|
Total
Non-current Liabilities (3) |
|
42214.413 |
31190.283 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
31674.553 |
28152.778 |
|
(c) Other current liabilities |
|
27805.888 |
24437.709 |
|
(d) Short-term provisions |
|
294.227 |
378.349 |
|
Total
Current Liabilities (4) |
|
59774.668 |
52968.836 |
|
|
|
|
|
|
TOTAL |
|
109548.156 |
91321.727 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2593.617 |
2799.183 |
|
(ii) Intangible Assets |
|
1.257 |
2.017 |
|
(iii) Capital work-in-progress |
|
117.148 |
114.088 |
|
(iv) Intangible assets under
development |
|
803.697 |
767.078 |
|
(b) Non-current Investments |
|
399.654 |
1086.149 |
|
(c) Deferred tax assets (net) |
|
49.204 |
28.887 |
|
(d) Long-term Loan and Advances |
|
397.969 |
430.532 |
|
(e) Other Non-current assets |
|
433.598 |
314.337 |
|
Total
Non-Current Assets |
|
4796.144 |
5542.271 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
77437.779 |
56837.597 |
|
(c) Trade receivables |
|
4710.451 |
4399.630 |
|
(d) Cash and cash equivalents |
|
1165.993 |
2144.665 |
|
(e) Short-term loans and
advances |
|
9700.312 |
9114.444 |
|
(f) Other current assets |
|
11737.477 |
13283.120 |
|
Total
Current Assets |
|
104752.012 |
85779.456 |
|
|
|
|
|
|
TOTAL |
|
109548.156 |
91321.727 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
21028.466 |
15808.167 |
|
|
Other Income |
|
1010.162 |
649.381 |
|
|
TOTAL |
|
22038.628 |
16457.548 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
6546.296 |
4437.506 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(16065.152) |
(13484.828) |
|
|
Employee benefit expense |
|
1007.422 |
1024.125 |
|
|
CSR expenditure |
|
12.184 |
0.000 |
|
|
Other expenses |
|
23117.695 |
19038.855 |
|
|
Prior period items |
|
18.357 |
41.085 |
|
|
Exceptional items |
|
(36.536) |
(86.223) |
|
|
TOTAL |
|
14600.266 |
10970.520 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
7438.362 |
5487.028 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
6712.103 |
4538.012 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
726.259 |
949.016 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
320.533 |
353.597 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
405.726 |
595.419 |
|
|
|
|
|
|
|
Less |
TAX |
|
242.044 |
285.611 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
163.682 |
309.808 |
|
|
|
|
|
|
|
Add |
MINORITY INTEREST |
|
(4.993) |
(0.919) |
|
|
|
|
|
|
|
Add |
SHARE OF
PROFIT/(LOSS) OF ASSOCIATES |
|
(4.943) |
(5.167) |
|
|
|
|
|
|
|
|
TOTAL PROFIT/(LOSS)
FOR PERIOD |
|
153.746 |
303.721 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
3.78 |
13.36 |
LEGAL CASES
|
District and Sessions Judge, Central, THC Case
Details Case Type: CS DJ - CIVIL SUIT FOR DJ and ADJ
Case Status First Hearing Date: 08th December
2015 Petitioner
and Advocate 1) AXIS BANK LIMITED 1) R. N. PRASAD Acts
History of Case Hearing
|
|
District and Sessions Judge, Central, THC Case
Details Case Type: Misc DJ - MISC. CASES DJ and ADJ
Case Status First Hearing Date: 12th April 2017 Petitioner
and Advocate 1) AXIS BANK LIMITED Respondent
and Advocate 1) R.N. PRASAD Acts
|
|||||||||||||||||||||||||||||||||
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
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 |
CORPORATE INFORMATION
(As on 31.03.2016)
Company was incorporated on 7th December 1995. It is a real estate developer engaged in the business of construction, development, sale, management and operation of all or any part of townships, housing projects, commercial premises and other related activities.
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
2323.917 |
2063.091 |
|
Intercorporate borrowings |
1961.285 |
2329.976 |
|
Total |
4285.202 |
4393.067 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G86837507 |
100176249 |
VISTRA ITCL (INDIA) LIMITED |
29/03/2018 |
- |
- |
600000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
2 |
G77445419 |
100156173 |
VISTRA ITCL (INDIA) LIMITED |
16/02/2018 |
- |
- |
210000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
3 |
G78730561 |
100158826 |
ICICI BANK LIMITED |
15/02/2018 |
- |
- |
440000000.0 |
ICICI Bank Tower, Near Chakli Circle,Old Padra RoadVadodaraGu390007IN |
|
4 |
G73982548 |
100145934 |
IDBI TRUSTEESHIP SERVICES LIMITED |
20/12/2017 |
21/12/2017 |
- |
4300000000.0 |
Asian Building, Ground Floor,17, R. Kamani Marg, Ballard Estate,MumbaiMH400001IN |
|
5 |
G87088357 |
100129883 |
VISTRA ITCL (INDIA) LIMITED |
28/09/2017 |
16/02/2018 |
- |
6500000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
6 |
G78017324 |
100119064 |
VISTRA ITCL (INDIA) LIMITED |
30/06/2017 |
16/02/2018 |
- |
250000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
7 |
G78035763 |
100095189 |
VISTRA ITCL (INDIA) LIMITED |
20/03/2017 |
16/02/2018 |
- |
3600000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EASTMUMBAIMa400051IN |
|
8 |
G39389846 |
100086082 |
PNB HOUSING FINANCE LIMITED |
10/03/2017 |
- |
- |
2750000000.0 |
9TH FLOOR ANTRIKSH BHAWAN22 K G MARGNEW DELHIDe110001IN |
|
9 |
G13767298 |
100053297 |
UNION BANK OF INDIA |
07/09/2016 |
- |
- |
2000000000.0 |
INDUSTRIAL FINANCE BRANCH, M-11, 1ST FLOOR,MIDDLE CIRCLE, CONNAUGHT CIRCUSNEW DELHIDL110001IN |
|
10 |
G00494419 |
100017575 |
ICICI BANK LIMITED |
26/02/2016 |
- |
- |
46744000.0 |
LANDMARKRACE COURCE CIRCLEALKAPURIBARODAGu390015IN |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Claims against company not acknowledged as debt |
137.800 |
76.500 |
|
Other money for which company is contingently liable |
484.000 |
340.000 |
|
Total |
621.800 |
416.500 |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
WEBSITE DETAILS
News/ Press Releases
Court tells cops to
reopen case against Supertech official
Slamming the Noida police report in a case against Managing Director of real estate firm Supertech Limited, a district court has directed the Crime Branch to reopen the case. Managing Director RK Arora has been accused of constructing extra number of flats against the map passed by the Noida Authority in one of its projects in Greater Noida.
Additional Sessions Judge dismissed the final reports submitted by the Gautam Budh Nagar police in the case against Arora, who has been accused of constructing 1,904 flats, instead of the 844 sanctioned by the Greater Noida Authority in Supertech Czar in Omicron I of Greater Noida.
"The police have not been able to justify the case and have not submitted satisfactory reports against Arora. We will cross verify the reports submitted by the the Noida Police and have ordered the Crime Branch to probe into the matter and take the case forward," the order read.
"When the Authority sanctioned the project for 850 flats, how can the builder construct 1,914 flats and use the greenery area for construction?" the judge rued.
A complaint in this regard was filed by homebuyer Arvind Kumar Singh. The magisterial court had then, on September 25, 2014, summoned the accused to face trial for offences under Sections 420 (cheating), 467 (forgery of valuable security, will, etc.), 468 (forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record), 504 (intentional insult with intent to provoke breach of the peace) and 506 (criminal intimidation) of the Indian Penal Code (IPC).
According to the complaint, in 2009, Singh had booked a flat in Supertech's Czar project in Greater Noida and paid the amount as per the demand of officials of the firm. He had alleged that he was supposed to receive the possession of the flat in 2011, for which he had paid the entire amount by 2010.
"The possession was delayed and in 2014 they sent me the offer of possession via mail. I asked them for a proper occupancy certificate. They told me that they only offer the possession. So, I approached the Greater Noida Authority and asked them about the planand certification," Singh said.
He then cross-verified the project and found that the builder had constructed more flats than the sanctioned plan. He then wrote an application to the authority to recheck and filed a plea in the court against the builder.
The court accepted the contention of the complainant in 2014 and ordered the police to probe into the matter and asked them to submit the final reports, which it did not find satisfactory. "In the given factual matrix of the case, in my view, the revisionists have rightly been summoned to face trial in the case," it said.
Many others Supertech homebuyers have also filed a complaint against Arora for duping them.
Excess flats
Managing Director RK Arora of Superteach Limited has been accused of constructing extra number of flats against the map passed by the Noida Authority in one of its projects in Greater Noida.Additional Sessions Judge dismissed the final reports submitted by the Gautam Budh Nagar police in the case against Arora.
Supreme Court asks
Supertech to deposit INR 100.000 Million more, NBCC faults project
November
08, 2016
Supreme Court today
directed real estate major Supertech Limited to deposit INR 100.000 Million to
refund those home buyers who want to wriggle out of the disputed Emerald Court
project, two towers of which have been found to be non-compliant of building
laws by NBCC .
"In the meantime, builders M/s Supertech Ltd shall
deposit Rs 10 crore with the registry by January 3, so that the people are not
in any kind of illusion," a bench of Justices Dipak Misra and Amitava Roy
said.
The bench noted that some home buyers wanted to remain in
the building but some want refunds of the investments made.
It said those home buyers who want their refund back needed to be given back the funds, but clarified that Rs 10 crore to be deposited before the registry of the apex court will be without any prejudice of the contention raised during hearing of the matter.
The day's hearing commenced with Additional Solictor General P S Narasimha submitting the report of National Buildings Construction Corporation Ltd which was asked by the apex court to examine the alleged violations of the building rules in Supertech's Emerald Court project in Noida as the Allahabad High Court had ordered demolition of the two towers.
No sooner the report was accepted by the bench, senior advocate Jayant Bhushan appearing for the PIL petitioner before the High Court said "the NBCC report is in our favour".
Bhushan, on being questioned about the locus, said it was their petition on which the High Court had ordered demolition. "We are the original petitioners having flats in close vicinity of the alleged structures," he said.
The NBCC report said, "The open space available between the two towers
Tower 1 (Aster 2) and Tower 17 is less than 20.45 metres as prescribed in the
NBC rules.
"Thus from the above observations and inferences, NBCC concludes the
opinion that the two towers, Tower 1 (Aster 2) and Tower 17 is not compliant
with the REG 24.2.1(6)of Noida Building Regulations 2010."
The bench which took on record the NBCC report on the building in questions,
asked ASG to ensure that an expert from NBCC is present in the court on the
next date of hearing on November 23.
Senior advocate Gopal Subramanium, appearing for the realty firm, said if the building stays, then one flat will be thrice the value that was paid by the petitioners.
Subramanium said as directed by the court, the firm has deposited Rs 5 crore
with the registry but added that many home buyers do not want refunds but only
few wanted.
The bench said "If the project is violative of the laws, then it will be
demolished. That was the reason we had appointed an experts body to look into
the alleged violation".
The apex court had on September 6 given a stern message to the firm asking it to return money to investors who wanted refunds. It had directed the company to pay 10 per cent per annum of the invested amount from January 5, 2015 to 17 home buyers, who were before the court, within four weeks.
It said the real estate firm has to clear the arrears to the home buyers in four weeks.
The company had earlier told the court that a total of 628 people had
approached the company, of whom 274 have sought alternate arrangements, 74
asked for re-investment and 108 have sought refund
The apex court had directed the NBCC to submit its report by
October 25 after inspecting Supertech's Emerald Towers to ascertain whether the
two 40-storey buildings were built in green area in violation of the sanctioned
plan.
On July 27, the court had asked NBCC to visit the site of
twin tower and submit a report on alleged violations.
Earlier, it had directed the company to deposit Rs five crore in its Registry as part of refund to homebuyers for the project in which Allahabad High Court had ordered demolition of the twin towers.
The Allahabad High Court had on April 11, 2014 ordered demolition of the two 40-storey residential twin towers -- Apex and Ceyane -- in Noida and directed Supertech to refund money to homebuyers with 14 per cent interest in three months.
The two towers have 857 apartments, of which about 600 flats have already been sold.
The apex court had on February 16 last year directed Supertech to refund money
to the flat owners, saying "developers can't take investors for a
ride."
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 67.63 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information Gathered
by : |
SAV |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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.