MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
RAJ NANDINI ESTATES PRIVATE LIMITED |
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Registered Office : |
312, 3rd Floor, Ansal Bhawan, 16
Kg Marg, New Delhi - 110001 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
9.04.2003 |
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Com. Reg. No.: |
55-119838 |
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CIN No.: [Company
Identification No.] |
U45201DL2003PTC119838 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELR07868A |
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PAN No.: [Permanent
Account No.] |
AACCR5173Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Real Estate Agency |
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 48000 |
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Status : |
Satisfactory |
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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 company having satisfactory
track records. Directors are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
312, 3rd Floor, Ansal Bhawan, 16
Kg Marg, New Delhi - 110001, India |
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Tel. No.: |
91-11-41520011 / 22 / 23355694 / 66304666 / 23315032 |
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Mobile No.: |
91-9810170060 /9810070060 |
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Fax No.: |
91-11-23315032/41520011 |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Ravinder Kumar |
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Designation : |
Director |
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Address : |
D – 43, Sector – 36, Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
01.07.1975 |
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Date of Appointment : |
10.04.2003 |
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Name : |
Mr. Nagender Shah |
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Designation : |
Director |
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Address : |
D – 43, Sector – 36, Noida, Uttar Pradesh, India |
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Date of Birth/Age : |
06.01.1977 |
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Date of Appointment : |
10.04.2003 |
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Name : |
Mr. Lubna Mirza |
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Designation : |
Director |
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Address : |
E – 12/2 A, 2nd Floor, Khirki Extension, Malviya Nagar, New
Delhi – 110017, India |
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Date of Birth/Age : |
07.04.1981 |
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Date of Appointment : |
05.05.2004 |
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Name : |
Mrs. Mainawati Devi |
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Designation : |
Director |
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Address : |
B – 23, Sector – 44, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
06.01.1977 |
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Date of Appointment : |
10.04.2003 |
KEY EXECUTIVES
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Name : |
M/s Deepak Bansal and Associates |
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Designation : |
Company Secretary |
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Address : |
E – 102/2, Naraina Vihar, New Delhi – 110028 |
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Tel No.: |
91-11-41415105 |
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MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Ravinder Kumar |
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53090 |
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Mainawati Devi |
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1000 |
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Neha Garg |
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2500 |
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Krishna Devi Garg |
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910 |
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Shiv Kumar Garg |
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2500 |
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Mirza Asif |
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2500 |
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Naveed Siddiquiakther |
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2500 |
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Raj Kumar Prasad |
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5000 |
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Lubna Mirza |
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5000 |
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Soumender Bari |
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5000 |
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Santosh Thakur |
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5000 |
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Virender Kumar |
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5000 |
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Harinder Chauhan |
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5000 |
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Nagender Sha |
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5000 |
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Gaurav Holding Private Limited |
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10000 |
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Pipesreena Plastic Private Limited |
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21000 |
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Archit Fincap Limited |
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15000 |
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Reena Oil Industries Private Limited |
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25000 |
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Total |
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171000 |
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Equity Share
Breakup |
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Category |
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Percentage of
Holding |
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Bodies corporate |
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41.52 |
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Directors or relatives of directors |
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38.95 |
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Other top fifty shareholders |
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19.53 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Real Estate Agency |
GENERAL
INFORMATION
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Authorised Dealer : |
ERA Group & Jaybee Group |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. Bhala and Company Chartered Accountants |
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Address : |
306, Krishna House, 4805/24, Bharat Ram Road, Daryaganj, New Delhi –
110002, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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171,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.710
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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1.710 |
1.350 |
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2] Reserves & Surplus |
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10.293 |
4.381 |
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NETWORTH |
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12.003 |
5.731 |
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LOAN FUNDS |
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1] Secured Loans |
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3.783 |
0.008 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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3.783 |
0.008 |
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DEFERRED TAX LIABILITIES |
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0.107 |
0.005 |
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TOTAL |
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15.893 |
5.744 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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12.406 |
2.027 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Sundry Debtors |
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1.337 |
0.000 |
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Cash & Bank Balances |
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2.291 |
2.250 |
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Other Current Assets |
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8.100 |
0.000 |
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Loans & Advances |
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2.355 |
2.601 |
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Total
Current Assets |
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14.083 |
4.851 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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9.204 |
0.775 |
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Provisions |
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1.499 |
0.500 |
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Total
Current Liabilities |
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10.703 |
1.275 |
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Net Current Assets |
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3.380 |
3.576 |
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MISCELLANEOUS EXPENSES |
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0.107 |
0.141 |
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TOTAL |
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15.893 |
5.744 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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22.650 |
6.441 |
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Other Income |
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0.000 |
0.000 |
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Total Income |
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22.650 |
6.441 |
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Profit/(Loss) Before Tax |
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4.269 |
1.371 |
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Provision for Taxation |
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1.601 |
0.495 |
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Profit/(Loss) After Tax |
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2.668 |
0.876 |
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Expenditures : |
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Other Expenditure |
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18.381 |
5.070 |
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Total Expenditure |
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18.381 |
5.070 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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11.78 |
13.60 |
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Net Profit Margin (PBT/Sales) |
(%) |
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18.85 |
21.29 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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16.12 |
19.93 |
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Return on Investment (ROI) (PBT/Networth) |
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0.36 |
0.24 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.21 |
0.22 |
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Current Ratio (Current Asset/Current Liability) |
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1.32 |
3.80 |
LOCAL AGENCY
FURTHER INFORMATION
The Registered office of the company has been shifted from 104, 1st
Floor, Asntrix Bhawan, 22 K G Marg, New Delhi – 110001, India to the present
address w.e.f. 25.09.2006
Bankers Charges Report as per Registry
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U45201DL2003PTC119838 |
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Name of the
company |
RAJ NANDINI ESTATES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
312, 3rd Floor, Ansal Bhawan, 16
Kg Marg, New Delhi – 110001, India |
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Type of charge |
Immovable Property |
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Particular of
charge holder |
Dena Bank M-36, Connaught Circus, New Delhi – 110001, India |
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Nature of
description of the instrument creating or modifying the charge |
Dena mortgage
loan agreement |
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Date of
instrument Creating the charge |
28.02.2007 |
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Amount secured by
the charge |
Rs. 7.860
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.75 % p.a. Terms of
repayment The Borrower
shall repay to the bank the amount of loan with interest on demand till the
entire loan is fully repaid. Extent operation
of the charge The bank has
agreed to grant from time to time to the mortgage, credit facilities under
Dena Bank mortgage schemer to the extent of Rs. 7.860 Millions interalia by
way of overdrafts at any one time upto the extent of Rs. 7.860 Millions for
its real estate business. |
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Short particulars
of the property charged |
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AS PER WEBSITE
Profile
Subject is an ISO company 9001: 2000 certificate company are
the organizer for Ansal Group, Omaxe Construction Limited, MGF Group, Unitech
Limited, Pearls Group and Parsvnath Developers Limited They deal in Real
Estates business fulfiling the dreams of their esteemed clients.
They have been working in this field since 1996 and providing luxurious
apartments for residential and
commercial purpose. They have a repository of masterpieces to choose
from. Currently, they are efficiently working in the areas like Noida, Greater
Noida, Gurgaon, Sonipat and Delhi.
Since the inception of their company, it is working very
well under the effective and experienced leadership of Mr. Ravinder Kumar, (Managing Director). Apart from this, they are
moving ahead with the help of the excellent workforce, which is dedicated to
entailment of the objectives of the company. All of their employees are
satisfied with the rewards paid to them for their efficient working, which
boosts their desire to make a mark.
Theirs is a growing company and they are fully equipped in
terms of workforce and other resources to fulfil the objectives of their
society. Their group has been consistently moving towards a high growth
performance and nurtures a selected team of professionals motivated by the
total value approach, who have created magnificent edifices of Residential and
Commercial Complexes, which are undoubtedly paradigms of architectural marvels.
Product Range
Real Estate Agent- Commercial Complex, Forest (Residential Flats),
Wedding Mall, Golf Link, NRI City, ANSAL Golf Link, Sushant Lok, Omaxe Arcade,
NRI City Centre, MGF, ANSALS Sushant City, ANSAL Plaza - Greater Noida,
Parsvanath Prestige, Noida Residency, ANSALS Sushant City, Green Glades &
Location Map. Also Pre-launch investment in N.C.R
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.39.41 |
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UK Pound |
1 |
Rs.81.37 |
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Euro |
1 |
Rs.58.56 |
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 |
7 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
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
|
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 |
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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 |
|
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 |
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