MIRA
INFORM REPORT
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Report Date : |
03.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
AMAR BUILDERS |
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Registered Office : |
Amar House, Bhandarkar Road, Near Goodluck Chowk, Deccan Gymkhana,
Pune-411004, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 (Estimated) |
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Date of Incorporation : |
1985 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Builders and Developers of Residential and Commercial Complexes. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established and reputed builders and developers. It has made
a very good fortune. In recent real estate spurt. Trade relations are fair.
Payments to suppliers are slow but correct. Financials of the concern could not be available due to obvious
reasons as partial cash payments are involved in most of the sales
transactions. Proprietor is resourceful businessman. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
Amar House, Bhandarkar Road, Near Goodluck Chowk, Deccan Gymkhana,
Pune-411004, Maharashtra, India |
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Tel. No.: |
91-20-25664411/ 2/ 3 |
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Mobile No.: |
91-20-25664414 |
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Fax No.: |
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Area : |
7000 Sq.ft. |
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Location : |
Owned |
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Branches : |
San Jose
California 1390, Saddle Rack St. # 408, San Jose |
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Tel. No.: |
1-408-999-0822 |
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E-Mail : |
SOLE PROPRIETOR
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Name : |
Mr. Amar Manjrekar |
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Designation : |
Proprietor |
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Date of Birth/Age : |
51 years |
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Qualification : |
Graduate |
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Experience : |
30 years |
BUSINESS DETAILS
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Line of Business : |
Builders and Developers of Residential and Commercial Complexes. |
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Terms : |
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Selling : |
Credit and Contractual |
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Purchasing : |
Credit (upto 30 days) |
GENERAL
INFORMATION
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No. of Employees : |
70 |
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Bankers : |
Saraswat Co-operative Bank Limited, Fergunson College Road,
Pune-411004, Maharashtra, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.20.000 millions |
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Borrowed : |
-- |
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Total : |
Rs.20.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 (Estimated) |
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Sales Turnover |
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500.000 |
LOCAL AGENCY
FURTHER INFORMATION
They are medium sized developers.
Website Details :
Continuing a golden tradition trust and commitment, the Amar
Groups has now come a long way to represent the best in the field of
construction and development.
The Amar Groups Companies is a Bombay based group that
expanded to Pune in the year 1985.
A name synonymous with quality construction for the last 27
years, Amar Builders, as they are popularly known, is poised to take yet
another giant leap with an array of it's group companies.
At the helm of this prestigious organization are two
experienced creative minds that have seen through its initial stages of
development up to the present day mammoth spread of it's operations.
Mr. Amar Manjrekar and Mrs. Subhangi Manjrekar have
relentlessly laboured to see there dream of creating a truly world class organization
take shape.
Mr. Amar Manjrekar has accumulated a behemoth of experience
in the field of construction.
He looks after on-site construction work, land deals and all
the legal aspects.
His counterpart, Mrs. Subhangi Manjrekar has a tremendous
experience of more than 25 years in the construction field and looks after the
sales, fiance and administration of the company, Under there able guidance, 40
dedicated and talented professionals have made Amar Builders a name to reckon
with.
Amar House , the Amar Builders' corporate office is one
marvelous place to be at.
A befitting place for the highly reputed name in the development and
construction business, this elegant office makes a lasting impression at the
first glance.
Situated on Bhandarkar Road, Pune(India), the group's
corporate office exudes the charisma and style of a high profile work place.
An imposing entrance leads you to the inviting interiors. An
elegant lobby makes you at ease with the energetic ambiance, after which you
are extended a warm reception that instills a keen sense of appreciation. The
communication is then carried over to an exquisite conference hall.
FEW
COMPLETED PROJECTS
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Name |
Type |
Address |
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Residential |
Hadapsar |
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HEALTH CENTERS |
Deccan Gymkhana |
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Residential |
Hadapsar |
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Residential |
Wanorie |
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Commercial |
Wanorie |
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Residential |
Aundh |
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Residential |
Fatima Nagar |
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Residential |
Hadapsar |
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Commercial |
Bund Garden Road |
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Commercial |
Bund Garden Road |
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Residential |
Hadapsar |
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Commercial |
Deccan Gymkhaha |
NEWS
Date: 3/6/2001
Amar Builders
Launches new web site.
Pune,
India (March 10, 2006) –
Amar Builders has launched a completely
redesigned, restructured web site, ww.amarbuilderspune.com This site utilizes
leading edge design, exciting multi-media, easy navigation and a wealth of
information. The new web site has information tailored to each customer's
needs. For example, potential homebuyers and real estate investors and
Commercial real estate buyers are encouraged to visit the various project pages
that include, photo galleries, project descriptions, site maps, virtual tours
and a wealth of information.
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] 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.13 |
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UK Pound |
1 |
Rs.85.36 |
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Euro |
1 |
Rs.57.64 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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54 |
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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history (10%) Market trend (10%) Operational size
(10%)
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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