MIRA
INFORM REPORT
|
Report Date : |
30.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
NATHVAR TRACKON PRIVATE LIMITED |
|
|
|
|
Registered Office : |
687, Anandapur, 2nd
Floor, EM Bypass, Kolkata – 700 107, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
09.08.1995 |
|
|
|
|
Com. Reg. No.: |
21-73461 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51109WB1995PTC073461 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CALN02427F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCN4001A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Real Estate Development |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Comments : |
Subject is a subsidiary of Emami Realty Private Limited. Its first project is underway and expected to complete 50% work soon. Trade relations are fair. The company’s current and future performance is expected to be affected due to the global meltdown recession in the industry. It may ultimately affect the payment behaviours of the subject resulting in to delay. The company can be considered for small to mediocre
business dealings with slight caution, initially. |
INFORMATION PARTED BY
|
Name : |
Mr. Sanjeev Junjunwala |
|
Designation : |
Project Manager |
|
Contact No.: |
91-9748761500 |
|
Date : |
01.11.2008 |
LOCATIONS
|
Registered Office : |
687, Anandapur, 2nd
Floor, EM Bypass, Kolkata – 700 107,
West |
|
Tel. No.: |
91-33-40113211/49 |
|
Mobile No.: |
91-9830083669 / 9748761500 |
|
Fax No.: |
91-33-40113239 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1, |
|
Tel. No.: |
91-33-32429084 |
DIRECTORS
|
Name : |
Mr. Rajesh Bagaria |
|
Designation : |
Director |
|
Address : |
2C, |
|
Date of Birth/Age : |
22.07.1967 |
|
Date of Appointment : |
22.12.2006 |
|
|
|
|
Name : |
Mr. Raj Kumar
Sureka |
|
Designation : |
Director |
|
Address : |
29E, |
|
Date of Birth/Age : |
16.06.1968 |
|
Date of Appointment : |
22.12.2006 |
|
|
|
|
Name : |
Mr. Basant Kumar
Parakh |
|
Designation : |
Director |
|
Address : |
34/41, |
|
Date of Birth/Age : |
02.09.1961 |
|
Date of Appointment : |
20.02.2002 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As On
27.09.2007)
|
Names of Shareholders |
No. of Shares |
|
Basant Kumar
Parakh |
190 |
|
Emami Realty
Private Limited |
9810 |
|
|
|
|
Total |
10000 |
Equity share
breakup (percentage of total equity)
(As on
30.09.2007)
|
Category |
Percentage |
|
Bodies
corporate |
98.10 |
|
Directors or relatives of directors |
1.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Development |
|
|
|
|
Terms : |
|
|
Purchasing : |
Credit (7 days / 30
days ) |
GENERAL INFORMATION
|
No. of Employees : |
25 |
|
|
|
|
Bankers : |
ICICI Bank, Kolkata |
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
·
S
K Agrawal and Company Chartered Accountants Address : 4A, ·
Tulsi
Ram Tibrewala Chartered Accountants Address : P-41, |
|
|
|
|
Parent Companies |
Emami Realty
Limited |
|
|
|
|
Group Companies : |
Emami Limited |
CAPITAL STRUCTURE
(As On 30.09.2007 )
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 |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.307 |
0.323 |
0.007 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
0.407 |
0.423 |
0.107 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
5.197 |
0.000 |
2.296 |
|
|
TOTAL BORROWING |
5.197 |
0.000 |
2.296 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.604 |
0.423 |
2.403 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.011 |
0.011 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
18.124 |
0.000 |
5.708 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.011 |
0.006 |
0.022 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.163 |
0.570 |
0.032 |
|
Total
Current Assets |
18.298
|
0.576
|
5.762 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
12.533 |
0.003 |
3.370 |
|
|
Provisions |
0.161
|
0.161
|
0.000 |
|
Total
Current Liabilities |
12.694 |
0.164 |
3.370 |
|
|
Net Current Assets |
5.604 |
0.412 |
2.392 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5.604 |
0.423 |
2.403 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
Sales Turnover |
|
NA |
6.690 |
|
Other Income |
|
NA |
0.000 |
|
Total Income |
|
NA |
6.690 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
NA |
0.477 |
|
Provision for Taxation |
|
NA |
0.161 |
|
Profit/(Loss) After Tax |
|
(0.017) |
0.316 |
|
|
|
|
|
|
Total Expenditure |
|
NA |
6.213 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.00
|
4.72
|
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
7.13
|
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.28
|
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
1.13
|
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
43.96
|
0.39
|
52.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
3.51
|
1.71 |
LOCAL AGENCY FURTHER INFORMATION
Nil
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.47.89 |
|
|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.67.37 |
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 |
|