MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAM DADLANI DEVELOPERS |
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Registered Office : |
Suite 108, Dalamal Tower, 1st Floor, 211 Nariman Point, Mumbai
– 400 021, Maharashtra. |
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Country : |
India |
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Year of Establishment : |
1952 |
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Legal Form : |
Sole Proprietory Concern. |
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Line of Business : |
Real Estate Developers. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established concern in Indian construction
industry Ms. Koni of the accounts department declined to part with any details.
We could manage some information from market sources based on which this
report has been prepared. Payments are expected to be slow due to the current
recessionary trend and global meltdown. The concern can be considered for small to mediocre business dealings
initially. |
INFORMATION
DECLINED BY
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Name : |
Ms. Koni |
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Designation : |
Accountant |
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Contact No.: |
91-9821026565 |
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Date : |
17.12.2008 |
LOCATIONS
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Registered Office : |
HO: Suite 108, Dalamal Tower, 1st Floor, 211 Nariman Point,
Mumbai – 400 021, Maharashtra, India. |
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Tel. No.: |
91-22-22816565 / 22886565 / 22023232 |
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Mobile No.: |
91-9821026565 / 9821027676 |
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Fax No.: |
91-22-22872500 |
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E-Mail : |
rdadlani@bom5.vsnl.net.in |
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Website : |
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Site Office :- |
Final Plot No 28 /
41, Plots 4, 5 and 6, Behind Fariyas Hotel, Opp. Mangalam Bunglow ( Mafatlal
House ), Frichley Hill, New Tungarli, Lonavala - 410 401. |
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Mobile No.: |
91-98210 26565. |
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Email : |
SOLE PROPRIETOR
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Name : |
Mr. Ram Dadlani |
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Designation : |
Proprietor |
KEY EXECUTIVES
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Name : |
Ms. Koni |
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Designation : |
Accountant |
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Name : |
Mr. Mukesh R. Dadlani |
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Designation : |
Key Executive |
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Name : |
Mr. Rohan M. Dadlani |
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Designation : |
Key Executive |
BUSINESS DETAILS
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Line of Business : |
Real Estate Developers. |
GENERAL
INFORMATION
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Customers : |
Foreign
Companies Ø Centurion Bank Ø Credit Lyonnais
Bank Ø Mckinsey And Co.
Inc. Ø Standard
Chartered Bank Ø Burroughs
Welcome (I) Limited Ø Price Waterhouse
And Company Indian Companies Ø Dalal Street Fin
Co. Limited Ø Birla 3M Limited Ø Aptech Limited Ø Bharat Shell Ø Bulls And Bears
Fin. Services Ø NIIT Ø Sunflag Iron And
Steel Limited Ø Apple Industries Ø Cosmo Films
Limited Ø Essar Steel Ø Ganpati Exports Ø Transworld Group
Of Shipping Company Ø Ficom Ø A.L.Finance Ø Hinduja Group Ø K. Raheja
Developers Ø Bhor Industry Ø Godrej
Properties And Investments |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Not Available
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEB SITE
DETAILS
CONCERN PROFILE
Subject was started by Mr. Ram Dadlani in the year 1952 and is assisted by his son, Mr. Mukesh R. Dadlani from the year 1974 to 1978. It was in the year 1978 that Mr. Mukesh R. Dadlani, a graduate in Arts (B.A.) took over the mantle of the company solely on his sholders. The company has really gone on from strength to strength adding on feathers of success time and again.
Why
them?
- Benefits in
dealing with their Company
- Established
and Renowned Company in the Real Estate Industry.
- Authentic
Properties.
- Prime
Locations
- Services of
executing high standards of building construction, floor plan designs and
selection of prime locations in Lonavala and Khandala.
- Recognized
Panel of legal and Financial Advisors.
- Track Record for
the past 55 years.
- Associated
with Renowned Financial Institutions.
- Safe and
Secured Investments.
- Flexibility
in terms of Choice of offering in different Investment options
THEIR SOLE AND SELLING AGENCY OF PRESTIGIOUS RESIDENTIAL PAST
PROJECTS
Residential Buildings
|
Building |
Builder |
Location |
Area |
Year |
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Poonam Apartment |
Jairamdas Bajaj |
Khar-South, Avenue Rd. |
50,000 Sq. Ft. |
1958 |
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Sangam Apartment |
Jairamdas Bajaj |
worli. Nr. Bengal Chem. |
12,000 Sq. Ft. |
1963 |
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Dev Ashish |
Ram Dadlani |
Goregaon |
55,000 Sq. Ft. |
1963 |
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Neelkant Apartment |
Jairamdas Bajaj |
Worli, Hill Road. |
12,000 Sq. Ft. |
1964 |
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Navjivan Society |
Mrs. Sipahimalani |
Laminbton Road. |
7,00,000 Sq. Ft. Complex of 25 Bldgs. |
1965 |
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Shahnaz Apt. |
S. P. Godrej |
Nepeansea Road. |
75,000 Sq. Ft. |
1967 |
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Gold Coin |
Prem Dadlani |
Tardeo |
25,000 Sq. Ft. |
1967 |
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Satnam Apartment |
Hariram Rohira |
Cuffe Parade |
30,000 Sq. Ft. |
1968 |
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Sea Lord Apartment |
Hariram Rohira |
Cuffe Parade |
50,000 Sq. Ft. |
1971 |
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Dalamal Apartment |
Dalamal and Sons |
Cuffe Parade |
25,000 Sq. Ft. |
1973 |
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S. P. Apartment |
S. P. Sheth |
Walkeshwar |
12,000 Sq. Ft. |
1975 |
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Bennit Villa |
S. P. Sheth |
Cuffe Parade |
20,000 Sq. Ft. |
1978 |
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Ritu Apartment |
Vasudev Wadhwa |
Walkeshwar |
13,000 Sq. Ft. Part Bldg. |
1983 |
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Berkley's Court |
Suresh Raheja |
Cuffe Parade |
22,000 Sq. Ft. Entire Plot |
1994 |
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Tanna Residency |
Tushar Tanna |
Prabhadevi, Opp. Siddhi Vinayak Temple. |
8,400 Sq. Ft. |
1995 |
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Queen's Empire |
Jude / Jordan |
Mira - Bhayandar Road. |
55,000 Sq. Ft. |
1996 |
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Godrej Greens |
Godrej Properties and Investments Limited |
Mahalaxmi |
50,000 Sq. Ft. |
2003/04 |
SOLE AND SELLING AGENTS OF PRESTIGIOUS COMMERCIAL PAST PROJECTS
Commercial Buildings
|
Building |
Builder |
Location |
Area |
Year |
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Air Condition Market |
Hariram Rohira |
Tardeo |
75,000 Sq. Ft. |
1965 |
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Bombay Market |
Hariram Rohira |
Tardeo |
45,000 Sq. Ft. |
1967 |
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Dalamal Chambers |
Dalamal and Sons |
Marine Lines |
35,000 Sq. Ft. |
1973 |
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New Excelsior Theatre
and Office Bldg. |
S. P. Sheth |
V. T. |
50,000 Sq. Ft. |
1976 |
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Dalmal Tower |
Dalamal and Sons |
Nariman Point |
63,000 Sq. Ft. Part Bldg. |
1978 |
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Jhulelal House |
Ram Dadlani |
M. G. Road. |
40,000 Sq. Ft. |
1979 |
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Kakad Shopping Centre
and Office Bldg. |
Anil Kakad |
Marine Lines, |
35,000 Sq. Ft. |
1985 |
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State Bank of India |
Jotumal Tawani |
Colaba, |
20,000 Sq. Ft. |
1987 |
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Cross Roads |
Piramal Holdings |
Nariman Point |
10,000 Sq. Ft. |
2004 |
SOLE AND SELLING AGENTS
OF PRESTIGIOUS COMMERCIAL and RESIDENTIAL PAST PROJECTS
Commercial and
Residential Buildings
|
Building |
Builder |
Location |
Area |
Year |
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Alankar Apts. Offices and Shops |
Jairamdas Bajaj |
Grant Road, Balaram Street |
60,000 Sq. Ft. |
1956 |
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Shiv Ashish Apartments
and Shops |
Ram Dadlani |
Andheri, S. V. Road |
30,000 Sq. Ft. |
1965 |
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Heera Panna Apts. |
S. P. Sheth |
Haji Ali Circle |
60,000 Sq. Ft. |
1975 |
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Heera Panna Shopping Centre |
S. P. Sheth |
Haji Ali Circle |
30,000 Sq. Ft. |
1975 |
AMENITIES OF EXTERNAL AREA OF THE VILLA
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Below they give the list of the past projects completed by M/s. RAM DADLANI and CO
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Sr. No. |
NAME OF THE PROPERTY DEVELOPED |
PLACE |
YEAR OF COMPLETION |
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1 |
SOMERSET HEIGHT APARTMENT |
PALI HILL, MUMBAI |
1965 |
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2 |
SHIV ASHISH APARTMENT |
M.G ROAD ANDHERI (W) Mumbai |
1973 |
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3 |
DEV ASHISH APARTMENT |
M.G ROAD GOREGAON (W)
Mumbai |
1974 |
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4 |
NEW EXCELSIOR THEATER |
V.T MUMBAI |
1974 |
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5 |
POLICE OFFICE SOCIETY VILLA |
YARI ROAD ANDHERI (W),
Mumbai |
1990 |
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6 |
JHULELAL HOUSE OFFICE BUILDING |
KALA GHODA FORT, MUMBAI |
2001 |
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.28 |
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UK Pound |
1 |
Rs.73.43 |
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Euro |
1 |
Rs.68.22 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
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