%2007-Nov-2007_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
07.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
RUNWAL BUILDERS PRIVATE LIMITED |
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Registered Office : |
Runwal Chambers, 1st Road, 3rd Floor, Chembur,
Mumbai – 400 071, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
15.06.1989 |
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Com. Reg. No.: |
052222 |
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CIN No.: [Company
Identification No.] |
U45200MH1989PTC052222 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR14811G |
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PAN No.: [Permanent
Account No.] |
AAACR5419F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Builders and Developers |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 140000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed construction company.
Directors are reported as experienced and resourceful businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Runwal Chambers, 1st Road, 3rd Floor, Chembur,
Mumbai – 400 071, Maharashtra |
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Tel. No.: |
Tel: 91 - 022 - 67987300 (10 Lines) / 67987318/ 75 / 47 |
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Fax No.: |
Fax: 91 - 022 - 25284705 |
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E-Mail : |
DIRECTORS
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Name : |
Subhash Suganlal Runwal |
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Designation : |
Director |
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Address : |
B-5, Runwal Park, Sion Trombay Road, Chembur, Mumbai-400 071
Maharashtra, India |
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Date of Birth/Age : |
23.05.1943 |
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Date of Appointment : |
15.06.1989 |
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Name : |
Sandeep Subhash Runwal |
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Designation : |
Director |
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Address : |
B-5, Runwal Park, Sion Trombay Road, Chembur, Mumbai-400 071
Maharashtra, India |
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Date of Birth/Age : |
31.08.1971 |
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Date of Appointment : |
16.08.1991 |
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Name : |
Subodh Subhash Runwal |
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Designation : |
Director |
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Address : |
B-5, Runwal Park, Sion Trombay Road, Chembur, Mumbai-400 071
Maharashtra, India |
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Date of Birth/Age : |
29.04.1975 |
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Date of Appointment : |
18.01.2002 |
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Name : |
Chanda Subhash Runwal |
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Designation : |
Director |
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Address : |
B-5, Runwal Park, Sion Trombay Road, Chembur, Mumbai-400 071
Maharashtra, India |
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Date of Birth/Age : |
25.02.1945 |
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Date of Appointment : |
15.06.1989 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Subhash Suganlal Runwal |
|
1600 |
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Chanda Subhash Runwal |
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1100 |
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Sandeep Subhash Runwal |
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1020 |
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Subhash S. Runwal HUF |
|
1520 |
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Subodh Subhash Runwal |
|
720 |
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Priyanka Sandeep Runwal |
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20 |
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Sangeeta Vikas Lalwani |
|
10 |
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Vikas Prakash Lalwani |
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10 |
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Subhash Suganlal Runwal Sandeep Subhash Runwal Subodh Subhash Runwal |
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1000 |
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Sandeep Subhash Runwal Subhash Suganlal Runwal Subodh Subhash Runwal |
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1000 |
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Chanda Subhash Runwal Subodh Subhash Runwal Subhash Suganlal Runwal |
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1000 |
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Chanda Subhash Runwal Sandeep Subhash Runwal Subhash Suganlal Runwal |
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1000 |
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Total |
|
10000 |
BUSINESS DETAILS
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Line of Business : |
Builders and Developers |
GENERAL
INFORMATION
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Bankers : |
v Bank of India v HDFC Bank
Limited v Dadar Janata
Sahakari Bank Limited |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M. B. Agarwal and Company Chartered Accountants |
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Address : |
24, Mhatre Pen Building, Senapati Bapat Marg, Dadar ( West ), Mumbai – 400028, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10 each |
Rs. 0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs. 10 each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
36.886 |
9.004 |
8.642 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
36.986 |
9.104 |
8.742 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.600 |
33.800 |
41.870 |
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TOTAL BORROWING |
0.600 |
33.800 |
41.870 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.008 |
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TOTAL |
37.586 |
42.904 |
50.620 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.037 |
0.053 |
0.048 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.007 |
0.010 |
0.010 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
55.634 |
97.383 |
0.000 |
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Sundry Debtors |
0.000 |
0.000 |
0.000 |
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Cash & Bank Balances |
0.398 |
0.571 |
2.210 |
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Other Current Assets |
0.000 |
0.000 |
77.531 |
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Loans & Advances |
14.736 |
1.362 |
4.268 |
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Total
Current Assets |
70.768
|
99.316 |
84.009 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
17.792 |
56.287 |
28.411 |
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Provisions |
15.436 |
0.193 |
5.040 |
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Total
Current Liabilities |
33.228
|
56.480 |
33.451 |
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Net Current Assets |
37.54
|
42.836 |
50.558 |
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MISCELLANEOUS EXPENSES |
0.002 |
0.005 |
0.004 |
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TOTAL |
37.586 |
42.904 |
50.620 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
166.276 |
104.373 |
132.327 |
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Total Income |
166.276 |
104.373 |
132.327 |
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Profit/(Loss) Before Tax |
43.248 |
0.577 |
13.661 |
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Provision for Taxation |
-- |
-- |
5.040 |
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Profit/(Loss) After Tax |
43.248 |
0.577 |
8.621 |
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Expenditures : |
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Cost of Goods Sold |
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|
54.717 |
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Payment to Auditors |
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|
0.006 |
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Depreciation & Amortization |
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|
0.028 |
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Other Expenditure : Bank Charges Miscellaneous Expenses Profession Tax Directors
Remuneration Membership and
Subscription Office Repairs
and Maintenance Telephone
Charges Legal and
Professional Fees Fees and Forms Staff welfare
Expenses |
|
|
0.001 0.005 0.002 0.028 0.005 0.006 0.007 0.283 0.003 0.010 |
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Total Expenditure |
123.028 |
103.795 |
55.101 |
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%2007-Nov-2007_files/image003.gif){kind=small}
%2007-Nov-2007_files/image004.gif){kind=small}
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
26.00 |
0.55 |
6.51 |
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Net Profit Margin (PBT/Sales) |
(%) |
26.00 |
0.55 |
10.32 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
61.08 |
0.58 |
16.25 |
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Return on Investment (ROI) (PBT/Networth) |
|
1.16 |
0.06 |
1.56 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.89 |
6.20 |
3.82
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Current Ratio (Current Asset/Current Liability) |
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2.12 |
2.32 |
2.51
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LOCAL AGENCY
FURTHER INFORMATION
WEBSITE DETAILS
ATTACHED:
CORPORATE VISION
A business empire that's built on solid foundations. Quality, Professionalism and Total Customer Satisfaction are the pillars on which their organization stands. Deep down, they are also the root principles that govern modern civilization. To a nation, that's constantly moving towards the 21st century and to its people, who are constantly demanding the best of everything, their promise is an early fulfillment of their dreams. To a society, where good housing remains a basic necessity, They are committed to making home-making a simple, trouble-free and speedy affair. In doing so, they stretch themselves far. They challenge their own might. They constantly widen their horizons to make a holistic contribution to Indian lifestyles in the 21st century.
MISSION STATEMENT
v To provide quality lifestyle projects.
v To contribute positively to the society and social development.
v To continuously pursue and pioneer global benchmarks in terms of construction technology, value-addition and customer relationship.
v To remain two steps ahead in the industry.
A STRONG CORPORATE
BACKGROUND
Established in 1978 by visionary Founder - Chairman Mr Subhash Runwal, C.A. and
ably managed by his sons, Mr Sandeep Runwal, M.B.A from I.I.M, Bangalore and Mr
Subodh Runwal, M.B.A. from North Eastern University, Boston; the subject stands
upon a solid foundation of enterprising vision and astute professionalism. A
'people'-oriented group, they are proud of an elite panel of architects
technical consultants, land-scape designers, planning engineers and technical
engineers. The Runwal family comprises of an office staff of qualified and
experienced engineers. The Engineers team follows a well - structured
programme, covering project costing, estimation, time scheduling, cash flow management
to periodical monitoring of projects schedule. A dedicated team of quality
engineers conduct quality assurance tests at the quality control labs provided
to each site in accordance with highest industry standards. A highly skilled
Marketing Force, comprises of a professional, courteous and results oriented
teams of experts, ingrained with the spirit of enterprise, selfless service and
total customer satisfaction. Their Headquarters are fully computerized and acts
as a central hub, efficiently networked with the project-sites.
From the days of its humble beginnings to its present-day grandeur, the subject has never lost sight of its duty towards social and environmental causes. Motivated and led by the philanthropic bent of Founder Chairman Mr Subhash Runwal, the whole Runwal family ranks among the most socially active groups in India today. As Acting Chairman of Bharat Jain Mandal, Mr Subhash Runwal is involved with many social, educational & religious institutions. He has continuously drawn upon his resources and contacts to contribute to generous causes of the Mandal, like fund-raising for the Students Scholarship Programme. The Runwal family has instituted and sustains many educational and community welfare projects like
v A High School serving 2000 children in Jalgaon and a College in Dhule (Maharashtra).
v A massive Sthanak or Rest House for the Jain Community & Holy persons in Chembur (Mumbai).
v A 1500-apartment Slum Rehabilitation project in Anik Panjrapole.
v A Pathological laboratory in Ghatkopar (Mumbai).
v A special Sanatorium for lodging relatives of outstation patients undergoing treatment in Malad (Mumbai).
v A Jain Temple at Thane (near Mumbai), where the family is also giving shape to a School project.
v Ever willing to help and contribute its mite to noble causes, the subject is always eager to lend a helping hand to social and charitable causes.
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 39.32 |
|
UK Pound |
1 |
Rs. 81.35 |
|
Euro |
1 |
Rs. 56.75 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
|
|
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
|
--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
60 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|