MIRA
INFORM REPORT
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Report Date : |
30.10.2007 |
IDENTIFICATION
DETAILS
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Now Known As : |
ANSAL PROPERTIES AND INFRASTRUCTURE LIMITED |
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Formerly Known As : |
ANSAL PROPERTIES AND INDUSTRIES LIMITED |
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Registered Office : |
115, Ansal Bhawan, 16 Kasturba Gandhi Marg, New Delhi – 110 001 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
30.06.1967 |
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Com. Reg. No.: |
55-4759 |
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CIN No.: [Company
Identification No.] |
L45101DL1967PLC004759 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELA00436C |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are listed on
the Stock Exchanges. |
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Line of Business : |
Subject is engaged in construction and maintenance, and also acts as
real estate developers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 37300000 |
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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 company in construction
activities. Directors are reported as experienced, respectable and having satisfactory
means of their own. Trade relations are fair. Business is active. Payments
are usually correct and as per commitments. The company can be considered
good for normal business dealings. |
LOCATIONS
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Registered Office : |
115, Ansal Bhawan, 16 Kasturba Gandhi Marg, New Delhi – 110 001, India
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Tel. No.: |
91-11-23353550 (24
lines), 66302272-73/ 66302265-66 {Corporate Sales} |
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Mobile No.: |
91-991133920291/
9810548251 |
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Fax No.: |
91-11-23322009 (HR
& Administration)/ 23738310 (General)/ 66302873(Sales)/ 66302855
(Project)/ 66302871 (Accounts & Finance) |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Sushil Ansal |
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Designation : |
Chairman and Whole Time Director |
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Date of Birth/Age : |
67 Years |
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Qualification : |
B. A. (Hons.) |
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Name : |
Mr. Anil Kumar |
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Designation : |
Whole Time Director and Chief Executive Officer |
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Date of Birth/Age : |
47 Years |
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Qualification : |
B.Com., D.C.L., Indian
Law Institute, Fellow Member, Institute of Chartered Accountants of India,
Associate Member Of ICSI, LLB |
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Name : |
Mr. Pranav Ansal |
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Designation : |
Director |
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Date of Birth/Age : |
38 Years |
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Qualification : |
B. Com. |
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Name : |
Mr. Dharmendar Nath Davar |
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Designation : |
Director |
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Date of Birth/Age : |
73 Years |
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Qualification : |
B.Com., M.A.-Economics,
Certified Associate, Indian Institute Of Bankers, |
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Name : |
Mr. Ramesh Chander Vaish (Doctor) |
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Designation : |
Director |
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Date of Birth/Age : |
66 Years |
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Qualification : |
M.A.-Accounting,
University of Florida, USA, M.Com., L L B., Ph.D.-Economics, |
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Name : |
ACM. Om Prakash Mehra (Retired) |
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Designation : |
Director |
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Date of Birth/Age : |
88 Years |
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Qualification : |
M.A.-History |
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Name : |
Mr. Rahul Chandrakant Kirloskar |
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Designation : |
Director |
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Date of Birth/Age : |
44 Years |
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Qualification : |
B.Sc.-Mechanical |
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Name : |
Mr. Lalit Bhasin |
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Designation : |
Director |
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Date of Birth/Age : |
68 Years |
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Qualification : |
B. A. (Hons.) |
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Name : |
Mr. Prithvi Raj Khanna |
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Designation : |
Director |
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Date of Birth/Age : |
74 Years |
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Qualification : |
Fellow Member, Institute of Chartered Accountants of India
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KEY
EXECUTIVES
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Name : |
Mr. Amitav Ganguly |
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Designation : |
Senior Vice President (Corporate Affairs) and Company Secretary |
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Name : |
Mr. Anup Kapoor |
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Designation : |
Chief Financial Officer |
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AUDIT COMMITTEE: |
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Name : |
Mr. D N Davar |
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Designation : |
Chairman |
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Name : |
Mr. R C Vaish (Doctor) |
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Designation : |
Vice-Chairman |
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Name : |
ACM O P Mehra (Retired) |
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Designation : |
Member |
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Name : |
Mr. P R Khanna |
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Designation : |
Member |
MAJOR
SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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SHAREHOLDING OF
PROMOTER AND PROMOTER GROUP |
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Indian Promoters
n Individual / HUF
n Bodies Corporate
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47868050 26940870 |
42.17 23.74 |
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Foreign Promoters |
-- |
-- |
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PUBLIC
SHAREHOLDING |
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Institution n Mutual Funds /
UTI n Financial
Institutions / Banks n Central
Government / State Government(s) n Venture Capital
Funds n Insurance
Companies n Foreign
Institutional Investors n Foreign Venture
Capital Investors |
8167244 1186700 -- -- 580000 14493299 -- |
7.20 1.04 -- -- 0.51 12.77 -- |
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Non Institution |
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(a) Bodies Corporate |
3042549 |
2.68 |
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(b) Individuals -- individual shareholders
holding nominal share capital upto Rs. 0.100 million -- individual shareholders
holding nominal share capital in excess of Rs. 0.100 million |
9078736 1453728 |
8.00 1.28 |
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© Others -- Non Resident Indians -- Clearing Members -- Hindu Undivided
Families |
213799 205974 270151 |
0.19 0.18 0.24 |
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TOTAL |
113501100 |
100.00 |
BUSINESS
DETAILS
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Line of Business : |
Subject is engaged in construction and maintenance, and also acts as
real estate developers. |
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Products : |
* Real Estate
Development * Promotion and Investment |
GENERAL
INFORMATION
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No. of Employees : |
-- |
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Bankers : |
* Punjab National
Bank * UCO Bank * The Jammu and
Kashmir Bank Limited * Oriental Bank of
Commerce * Syndicate Bank * Yes Bank Limited
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Financial Institutions : |
* Housing
Development Finance Corporation Limited * Infrastructure
Leasing and Financial Services Limited |
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Facilities : |
Secured Loan (Rs.
In millions)
Securities 1. Nominal value of Debentures is secured by mortgage of flats owned by the Company 2. Loans from Banks are secured by mortgage/hypothecation of immovable/movable assets on parripassu basis, assignment of receivables including rent etc and Land & Buildings belonging to subsidiaries / associate Companies. The loans are additionally secured by the personal guarantee of the two Directors who are shown Promoter directors as per SEBI disclosure. 3. . Term Loans from Corporate Bodies are secured by mortgage/hypothecation of immovable/movable assets of the Company and Land & Building belonging to associate Companies and charge on future rents. The loans are additionally secured by personal guarantee of the two Directors and pledge of shares of the company owned by promoters/ persons acting in concert with promoters in respect of loan taken from Housing Development Finance Corporation Ltd. 4. Vehicle loans are secured by hypothecation of vehicles. Unsecured Loan (Rs.
In millions)
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Khanna and Annadhanam Chartered Accountants |
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Address : |
New Delhi, India |
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Collaborators : |
Joint Venture Collaborators * HDFC Bank * Faber Group, Malaysia * Coastal Carolina University, USA * Clemson University, USA * Tarleton state University, USA * North Dakota State University, USA * GP Group - Bangko, Thailand * Itochu Corporation - Tokyo, Japan * ITC Hotels Ltd- Delhi, India * Infotech Global Inc. (IGI)-USA * Marriott Corporation - USA * National Panasonic - Japan Architects * RSP Architects Planners & Engineers (India) Pvt. Ltd., Bangalore * APA Architects, New York, USA * WoodHead International, Sydney, Australia * Bose International, Mexico, USA * F.X. Fowle Architects, New York, USA Landscape Architects * ACL Pte Ltd. Singapore * Belt Collins International, Singapore Lighting Consultants * Bonsey Design Partnership, Singapore Signage Consultants * Immortal
The Design Station Pte Ltd, Singapore |
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Subsidiaries : |
* Star Estate Management Limited * Delhi Towers Limited * Ansal I .T. City and Park Limited * Ansal Township Infrastructure Limited * Ansal SEZ Projects Limited *
Ansal Condominium Limited |
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Associates : |
* Amba Bhawani Properties Private Limited * Ansal Colonisers & Developers Private Limited * Ansal Housing & Estates Private Limited * Ansal Infrastructure Projects Limited * Ansal Project & Developers Limited * Ansal Theatres & Clubotels Private Limited * Ansal Townships Infrastructure Limited * Apna Ghar Properties Private Limited * Badrinath Properties Private Limited * Bajrang Realtors Private Limited * Chamunda Properties Private Limited * Chandi Properties Private Limited * Chiranjiv Investments Private Limited * Kalka Properties Private Limited * Naurang Investment & Financial Services Private Limited * New Line Properties & Consultants Private Limited * Plaza Software Private Limited * Prime Golf Ranking Private Limited * Prime Maxi Mall Management Private Limited * Sampark Hotels Private Limited * Satrunjaya Darshan Construction Company Private Limited * Singa Real Estates Limited * Sithir Housing & Constructions * Delhi Towers & Estates Private Limited * Winsum Software Private Limited * Ansal Buildwell Limited * Ansal Engineering Projects Limited * Glorious Properties Private Limited * Midair Properties Private Limited * Saya Plantation Private Limited, * Sankalp Hotel Private Limited * Ansal Housing & Construction Limited * Glorious Hotel Private Limited * Global Consultants & Designers Private Limited * APM Buildcon Private Limited * Feber Star facilities Management Limited * Kamdhenu
Agro Limited |
CAPITAL
STRUCTURE
Authorised Capital
:
|
No. of Shares |
Type |
Value |
Amount |
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16,00,00,000 |
Equity Shares |
Rs. 5/- each |
Rs. 800.000
millions |
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30,00,000 |
Preference Shares |
Rs. 100/- each |
Rs. 300.000
millions |
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Total |
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Rs.
1100.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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5,67,50,550 |
Equity Shares |
Rs. 5/- each |
Rs. 283.753 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
283.753 |
174.998 |
116.700 |
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2] Reserves & Surplus |
9035.307 |
1244.354 |
939.800 |
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NETWORTH |
9319.060 |
1419.352 |
1056.500 |
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LOAN FUNDS |
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1] Secured Loans |
1918.103 |
893.098 |
1137.000 |
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2] Unsecured Loans |
490.125 |
105.446 |
130.400 |
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TOTAL BORROWING |
2408.228 |
998.544 |
1267.400 |
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TOTAL |
11727.288 |
2417.896 |
2323.900 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
302.673 |
250.450 |
110.000 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
112.157 |
90.273 |
127.100 |
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DEFERREX TAX ASSETS |
14.489 |
28.479 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4946.136
|
3063.953 |
3833.100 |
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Sundry Debtors |
1320.719
|
603.998 |
579.800 |
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Cash & Bank Balances |
2247.931
|
246.362 |
166.600 |
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Loans & Advances |
9136.458
|
3084.472 |
2284.500 |
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Total
Current Assets |
17651.244
|
6998.785 |
6864.000 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
6146.542
|
4751.654 |
4631.700 |
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Provisions |
206.733
|
198.437 |
141.900 |
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Total
Current Liabilities |
6353.275
|
4950.091 |
4773.600 |
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Net Current Assets |
11297.969
|
2048.694 |
2086.800 |
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TOTAL |
11727.288 |
2417.896 |
2323.900 |
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PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
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Sales Turnover |
7595.529 |
3588.851 |
1862.100 |
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Other Income |
0.000 |
0.000 |
91.100 |
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Total Income |
7595.529 |
3588.851 |
1953.200 |
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Profit/(Loss) Before Tax |
1976.394 |
684.504 |
187.300 |
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Provision for Taxation |
657.323 |
278.951 |
51.100 |
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Profit/(Loss) After Tax |
1319.071 |
405.553 |
136.200 |
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Expenditures : |
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Cost of Goods Sold |
4669.012 |
2409.246 |
0.000 |
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Manufacturing Expenses |
0.000 |
0.000 |
1379.700 |
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Administrative Expenses |
913.553 |
461.959 |
74.700 |
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Raw Material Consumed |
0.000 |
0.000 |
11.400 |
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Purchases of traded goods |
1.229 |
10.404 |
0.000 |
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|
Salaries, Wages, Bonus, etc. |
0.000 |
0.000 |
61.800 |
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Interest |
0.000 |
0.000 |
194.900 |
|
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Power & Fuel |
0.000 |
0.000 |
3.000 |
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Depreciation & Amortization |
31.064 |
21.314 |
11.300 |
|
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Other Expenditure |
0.000 |
0.000 |
29.100 |
|
Total Expenditure |
5614.858 |
2902.923 |
1765.900 |
|
QUARTERLY RESULTS
|
PARTICULARS |
|
|
30.06.2007 |
|
Type |
|
|
1st
Quarter |
|
Sales Turnover |
|
|
1553.800 |
|
Other Income |
|
|
12.200 |
|
Total Income |
|
|
1566.000 |
|
Total Expediture |
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|
1031.000 |
|
Operating Profit |
|
|
535.000 |
|
Interest |
|
|
42.800 |
|
Gross Profit |
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|
492.200 |
|
Depreciation |
|
|
10.800 |
|
Tax |
|
|
155.500 |
|
Reported PAT |
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|
325.900 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
17.36
|
11.30 |
69.73 |
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Net Profit Margin (PBT/Sales) |
(%) |
26.02
|
19.07 |
10.05 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.93
|
9.29 |
2.63 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.48 |
0.17 |
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.94
|
5.19 |
6.71 |
|
|
|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.78
|
1.41 |
1.43 |
LOCAL
AGENCY FURTHER INFORMATION
Operations :
Net Profit for the year 2006-07 stood at Rs 1319.100 millions
as against 405.600 millions in the year 2005-06, thus showing an increase of
225%. Further the total turnover for the year ended March 31, 2007 saw a sharp
rise to Rs.7661.400 millions, compared to Rs 3551.500 millions for 2005-06,
posting a robust growth of 115%.
Earning Per Share (EPS) has increased from Rs. 7.80 to Rs. 25.36, thus showing
a noteworthy rise of 225% as on year to year basis.
Amalgamation of Atpl (Unlisted Company) with the
Company:
Scheme of Amalgamation and Arrangement of Ansal Township & Projects Limited
(“ATPL”) with Ansal Properties & Infrastructure Limited
(“APIL”) as approved by the Board of Directors on the April 22, 2006, has been
approved by the Hon’ble High Court of Judicature at Delhi vide its Order dated
the August 31, 2006 in terms of the relevant provisions of the Companies Act
1956. In this regard, the Order had been filed with Registrar of Companies, NCT
of Delhi & Haryana, New Delhi {ROC} on the September 12, 2006, which became
the effective date of Amalgamation, and, upon filing of this Order with ROC,
all the Assets and Liabilities of ATPL had vested with the Company w.e.f.
01.04.2006 which was the appointed date fixed under the Scheme.
Pursuant to the said Order, the Authorised Share Capital of
ATPL had also been merged with that of the Company and accordingly, the same
stood increased by Rs. 100 millions to Rs 1100 millions (i.e. increased from
Rs. 1000 millions to Rs. 1100 millions).
As per the said Scheme, 1 (one) Equity Share of face value of Rs. 5/-
each (fully paid up) of the Company against every 2 (two) Equity Shares of face
value of Rs. 2/- each {fully paid up} of ATPL were required to be allotted to
the shareholders of ATPL. Accordingly 158,47,500 Equity Shares of the Company
had been issued and allotted on October 20, 2006 to the Equity Shareholders of
ATPL, whose names appeared in the Register of Members of ATPL as on the 19th
September, 2006 (i.e. Record Date fixed by the Company).
Business :
Company is one of the leading Real Estates Development Companies in India. The
business of real estates comprises of development of residential or commercial
estates on its own as well through joint ventures and collaborations. As a
leading developer, the Company has successfully developed the entire range of
real estate from plots, single homes, multi-family homes, group housing,
residential colonies, commercial properties to farm land and resorts. The
Management Discussion and Analysis Report forming the part of Director’s Report
gives a detailed overview about the business and performance of the Company.
Your Company also has ambitious growth plans to be achieved both by expansion
of existing real estate activities as well as through diversifying into new
fields such as power business, hospitality, and medicity, education etc. as
mentioned in the subsequent paragraphs.
New Business Initiatives:
(a) Power/ IT/ ITES:
Company is diversifying into the business of Power. In this respect in pursuant
to the provisions of the Companies Act, 1956, necessary amendments have been
made in the Memorandum of Association of the Company by way of insertion of new
sub clauses in the Other Objects Clause relating to the business of Power and
Information Technology/ Information Technology Enabled Services (IT/ITES) in
terms of the approval of the members {by way of special resolution} received on
July 10, 2007 by way of voting through Postal Ballot and consequent
registration of the said special resolution by the Registrar of Companies,
Delhi & Haryana. The members have also approved (on July 10, 2007), by way
of special resolution, the commencement of said new business in terms of the
provisions of the Companies Act, 1956.
In furtherance to this, the Company has initiated the process for setting up a
Wind Power Project in Gujrat and also placed the order for purchase of Wind
Mills of 12MW.
Along with new business of Power, your Company is also planning to diversify
into business of IT/ITES and similarly amendment of Objects clause has been
effected and requisite approvals of members have been received.
Medicity:
Company has signed an Agreement with Fortis Healthcare Holding Limited,
{Fortis} for setting up a world class Medicity at its Project, Sushant Golf
City, located in Lucknow. {U.P.}. Fortis shall set up facility for medical
treatment and teaching at the Sushant Golf City, Lucknow. The Medicity is
planned to be spread over 52 acres of land to be completed in about 7 years. It
will have an 800 bed ultra modern hospital along with teaching facilities. There
will be Medical College, Dental College, College of Pharmacy, Nursing College
of Physical Medicine and Rehabilitation, College of Rehabilitative Medicine,
and also a College of Allied Medical Science offering Para medical and
technical training. The Colleges will offer graduation, post graduation and
doctoral education. The entire facility will be based on the norms set by
Medical Council of India, Dental Council of India, Indian Nursing Council,
Rehabilitation Council of India and Pharmacy Council of India.
Hospitality:
Company is in the process of forming a Special Purpose Vehicle Company {in
short SPV} for foray in the hospitality sector by setting up around 30 hotels
over the next 10 years. The Company proposes to hold about 80% equity in the
proposed SPV and the balance 20% will be held by Ambience Hospitality
Management Pvt. Limited a company owned by Mr. Vipin Luthra, a well known
entrepreneur in the hospitality business with chain of restaurant/clubs under
the brand name “Geoffrey’s”, “The Oriental Bloom” and “The Palms -Town and
Country Club”, and he is also involved in developing townships in various parts
of the country.
The proposed SPV will set up hotels in the 5 star and 4 star categories including
palace hotels, business hotels, leisure hotels, golf resorts, spas, clubs and
serviced apartments. The SPV proposes to own and manage the palace resorts, the
golf resorts and clubs under its own brand and it shall enter into discussions
with leading international hotel chains for management and branding tie ups for
their business and leisure hotels.
Among the first hotels/resorts to be set up, will be a palace hotel in Jodhpur, {Rajasthan}, and the golf resort in Lucknow {UP}, both of which will operate in the luxury segment.
Company proposes to invest an amount of approx. Rs.2000 crores in the
hospitality business over the next few years.
The members have already given their consent for commencement of hospitality business by way of passing a special resolution on May 2, 2006 as per the provisions of the Companies Act 1956.
Performance
Presently your Company is undertaking its Projects mainly in four states of India i.e. Uttar Pradesh, Haryana, Rajasthan & Punjab on its own or through joint ventures/collaborators. Some of the projects in the process of various stages of development in these States are as follows:-
Projects in the State
of Uttar Pradesh
* IT SEZ, Greater Noida .
* Hi-Tech City, Dadri .
* Sushant Taj City, Agra
* Aquapolis Lake Front township, Ghaziabad
* Ansal Plaza, Greater Noida .
* Sushant City, Meerut
* Sushant Golf City, Lucknow
Projects in the State
of Haryana
* Ansal Highway Plaza, Sonepat
* Sushant City, Kundfi
* Sunshine County, Kundli
* Sushant Royal, Karnal
* Greenscape, Sonepat
* Sushant City, Panipat
* Roman Court, Sonepat
* Sushant Homez, Sonepat
* Sushant Homes, Panipat
* Galaxy Court, Panipat
* Ansal Plaza-Palam Vihar, Gurgaon
* Ansal Plaza, Panipat
* Valley View Estate, Gawalpahari
* Jade Gardens, Palam Vihar
* Cozy Homez, Palam Vihar
Projects in the State
of Rajasthan
* Sushant City, Ajmer
* Sushant City, Jaipur
* Ansal Plaza, Jodhpur
* Ansal Plaza, Ajmer
Projects in the State
of Punjab
* Boulevard, Ludhiana
* Orchard County, Mohali
* Golf links Mohali
* Hampton Court, Ludhiana
*
The Ansal Highway Plaza, Jalandhar
Prospect and Outlook:
The important thrust of Company being smaller cities or better known as Tier 2
cities is proving to be a benign step. In its attempt to provide the residents
of these cities with world-class real estate solutions your Company has
undertaken / is under the process of launching the projects in various States
like Rajasthan, Haryana, U.P., Punjab, NCR regions. It is in the process of
developing Integrated Townships in cities like Meerut, Karnal, Yamuna Nagar,
Kurukshetra, Agra, Ambala, Ghaziabad, Lucknow, Bhatinda etc.
Company is also growing its competitive benefit by moving to strategic segments
i.e. Special Economic Zones (SEZ) and IT Parks. It has recognized potential
locations for establishing world class IT Parks and SEZs all over Northern
India. The IT Park at Greater Noida has been notified as SEZ for IT and/or ITES
by Central Government. It has also received in principle approval for multi
product SEZ in Rajasthan, formal approval for single product engineering goods
in Sonepat and a formal approval for an IT SEZ in Gurgaon.
Company continues to emphasize and build upon its well acknowledged brand image
of “Ansal Plaza” and “Sushant City”. It has successfully launched Ansal Plaza,
Greater Noida (under development) and is in advance stages of launching Ansal
Plazas in various locations like Meerut, Agra, Lucknow, Panipat to name a few.
Similarly the Company has successfully launched Sushant City projects in
various Tier-II cities like Meerut, Sonepat. It is also proposing to develop an
integrated industrial estate in Gurgaon, NCR region.
Qualities being the most emphatic priority of Company, all efforts are being
made to use the best of construction, architecture and allied inputs, both from
highly reputed national and international companies some of these are
Shahpurjee Palanjee, Ahulawalia Construction, VRM Global, Enersave Consultants,
Toronto, Canda, APA Architect, New York, USA, ACL Pte Limited Singapore. This
will further enhance the prospects of your Company in a intensely competitive
environment and make the outlook better.
Fixed Assets:
* Land Freehold
* Office and Residential Premises
* Plant and Machinery
* Furniture, Fixtures and Office Equipments
* Air Conditioning Plant
* Air Conditioners
*
Vehicles
As Per Web
Profile
The Sushil Ansal Group has been defining and changing lifestyles for millions across the country and overseas. Now, we are redefining our identity, based on the two colours Red and Black. According to our culture, each guna has a colour; Red stands for Rajas or Regal. It stands for passion, heat, energy, dynamism and purity. This is the reason why the legend Ansal is encased in Red and written in its old avatar to retain continuity with our rich heritage. The colour Black occurs when an object absorbs all the other colours. Black is significant to the group as it represents the proposed amalgamation of Ansal Township & Projects Limited into Ansal Properties & Infrastructure Limited. Thereby creating the new and vibrant Sushil Ansal Group.
Ansal API was established as a result of a dream, shared by its visionary founders. A dream that was to, radically improve the lifestyle standards of the citizens by building world class real estate solutions.
After four decades of spectacular growth Ansal API is at a stage where the company has acquired immense experience, consolidated and established assets- physical and intellectual and at the same time retained youthful energy & zeal. With foundations entrenched in the solid bedrock of technical expertise and financial stability its pinnacles are rising new heights with foresight and innovations for future requirements of resurgent India.
Ansal API as an organization can be best envisaged as a creator of man made social infrastructure, where modern life blooms, in collaboration with the environment. The ascent of Ansal API to the top of the Real Estate acme is a direct product of Mr.Sushil Ansal's foresight and his dynamic leadership. Ansal API, the corporate manned by professionals at all levels with its strong base and lineage is now in a state of renaissance; all the companies of Sushil Ansal Group will now be under one banner i.e. the Ansal API.
The new "Ansal API" identity, is the first communicator of this phase of resurgence, excellence and modernity. The rectangular shape signifies solidity, cohesiveness and strength, the red colour stands for passion, heat, energy, dynamism & purity and the black colour signifies the proposed amalgamation of Ansal Township and Projects Limited into Ansal Properties and Infrastructure Limited. The slogan, ' Building lifestyles since 1967', encapsulates their heritage and vision in creating a better life for Indians in various spheres like - homes, offices, places of entertainment, hotels, shopping malls and educational institutions.
With a vision and foresight gained by past experience Ansal API has a roadmap for future development of reality business. It proposes to drive its growth through focused concentration on developing integrated townships in tier II cities, establishing presence in IT parks and SEZ. The company also plans to establish malls in these townships with mixed hotel/ serviced apartment usage. In keeping with the Government's housing policy, the company endeavors to provide better dwelling units for the urban poor with special emphasis on environmental improvement and social forestry. Ansal API is committed to carry out technical and management expertise to smaller towns so that on one hand the congestion in the metropolis could be avoided and on the other hand the benefit of planned development with its attendant improvement in the life style could be extended to the bulk of the Indian population living in smaller towns. Ansal API is focusing on ushering in new lifestyle ventures in cities like- Greater Noida, Gaziabadh. Meerut, Agra, Lucknow, Batindha, Mohali, Amritsar, Ludhiana, Jalandhar, Jaipur, Jodhpur, Ajmer, Sonepat, Panipat, Karmal, Kurukshetra, Faridabad, Gurgaon to name a few.
It is said that actions speak louder than words and nothing highlights this adage better than Ansal API's effort to give something back to the society of which they are a part. Ansal API believes that today's children are tomorrow's leaders and in order to hone their young minds, Ansal API has forayed into the education sector with schools like the Chiranjiv Bharati School at Palam Vihar and Sushant Lok, premier institutions like the Ansal Institute of Technology and the Sushant Schools of Art and Architecture. Ansal API in its endeavour to fulfill its duties to payback in form of green cover for the society have created manmade verdant ambiance at projects like the Aravali Retreat, Pushpanjali Farms, Satbari Farms. Ansal API plans to create an ambiance of peace and tranquility for the people who have served their duties and are now in their dusk of life to relax and enjoy their retirement by building old age homes.
Touching every facet of modern lifestyle with its signature of excellence, Ansal API has changed the skyline of India with its versatile portfolio of residential complexes, educational institutions, hotel and hospitality avenues, shopping malls, farmlands and IT parks amongst others. With its deep-rooted foundation of ethics and values, Ansal API continues to conquer new horizons, thus pioneering and identifying new vistas of growth for the real estate sector.
Some Prestigious
Clients Housed In Our Projects
*
Apple
*
Aviva Life
Insurance Private Limited
*
Big Bazar
*
Canara Bank
*
Cadbury India
*
Deutsche Bank
*
Grasim Industries
Limited
*
HDFC Bank
*
ICICI Bank
*
Indian Overseas
Bank
*
Jindal
*
KCM
*
KFC
*
Kirloskaroil
Engine Limited
*
Kotak Mahindra
*
Levi's
*
Marks &
Spencer
*
Mahanagar
Telephone Nigam Limited
*
Nike
*
Mcdonalds
*
Philips
Elecronics India Limited
*
Pizza Hut
*
Pyramid
*
Reliance
Infocom
*
Sahara Airlines
*
Shopper's Stop
*
Singapore
Telecom
*
Sony
*
Standard
Chartered Bank
*
United Airlines
*
Walt Disney
*
Wigan &
Leigh College
*
Wipro
Limited
|
Sites/ Project
Offices |
|
|
Bhatinda Ghaziabad Palam
Vihar Sushant Lok Bhilwara Jaipur
Office Jaipur
Site Jalandhar Ludhiana |
Meerut Greater
Noida Lucknow Panipat Sonepat Jodhpur
Office Jodhpur
Site - Sushant City Jodhpur
Site - Rai Ka Bagh Palace Chandigarh |
Capital Clubs
Private Limited and Prime Maxi Mall Management Private Limited
1101, Tolstoy House,
Tolstoy Marg
New Delhi - 110 001
Tel 23328856 / 23328858
Fax
23716295
Ansal Plaza Mall
Management Company
B-301, Ansal Plaza
Khel Gaon Marg, Andrews Ganj
New Delhi - 110 049
Tel 26255532/ 26250957
Fax
26250957
Star Estates
Management Limited
910, Naurang House,
21, Kasturba Gandhi Marg
New Delhi - 110 001
Email contact@seml.info
Web Site www.seml.info
Tel 23353550 / 66306890-91
Fax
66306893
Green Max Estate
Private Limited
C-8/1A, Vasant Vihar
New Delhi - 110 057
Email info@theivyindia.com
Tel 26143282/ 26143284 /26144898
Fax
26141759
Ansal Landmark
Townships Private Limited
112, Ansal Bhawan,
16, Kasturba Gandhi Marg
New Delhi - 110 001
Email ansallandmark@vsnl.net
Tel 23353550
Fax
66306572/ 23322009
Ansal Mittal
Townships Private Limited
703, Ansal Bhawan
16, Kasturba Gandhi Marg
New Delhi - 110 001
Tel 23353550
Fax
23322009
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 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.39.40 |
|
UK Pound |
1 |
Rs.81.12 |
|
Euro |
1 |
Rs.56.69 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 |
|
