MIRA
INFORM REPORT
|
Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
RAPMALLS GROUP |
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Registered Office : |
Arora House, 16 Golf Link, Union Park, Khar West, Mumbai -
400052, Maharashtra |
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Country : |
India |
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Date of Incorporation : |
1996 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Construction of Shopping Malls |
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 engaged in construction of Shopping Malls. The management remained
non-cooperative despite several follow – ups. No further information could be
made available. Payments are reported as slow and delayed. The concern can be considered for small to mediocre business dealings
with slight caution, initially. No clean credit can be granted. |
INFORMATION PARTED
BY
|
Name : |
Mr. Rupinder Singh Arora |
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Designation : |
Managing Director |
|
Date : |
12.02.2008 |
LOCATIONS
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Registered Office : |
Arora House, 16 Golf Link, Union Park, Khar West, Mumbai -
400052, Maharashtra, India |
|
Tel. No.: |
91-22-26041313 / 14 / 15 |
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Mobile No.: |
91-9876707449 [Brigadier D.S. Dhillon - Vice President] 91-9811888090 [Mr. Rahul Narvekar] |
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Fax No.: |
91-22-26494657 |
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E-Mail : |
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Website : |
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Area : |
Owned |
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Shopping Mall : |
Located at : Amritsar, Meerut, Jalandhar, Mahali, Ludhiana, Moradabad, Agra |
PARTNERS
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Name : |
Mr. Rupinder Singh Arora |
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Designation : |
Managing Partner |
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Qualification : |
Commerce and Law graduate from the Bombay University |
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Experience : |
35 years |
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Name : |
Ms Ritika Arora |
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Designation : |
Partner |
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Qualification : |
B. Sc in Management-Finance from Purdue University, USA,
and a Diploma in Event Management |
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Name : |
Mr. Chandir Gobing Gidwani |
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Designation : |
Partner |
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Qualification : |
B. Com. |
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Name : |
Mr. K.V. Krishnamurthy |
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Designation : |
Partner |
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Qualification : |
B.Com, F.C.A., F.I.I.B. |
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Experience : |
33 years |
BUSINESS DETAILS
|
Line of Business : |
Construction of Shopping Malls |
GENERAL
INFORMATION
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Bankers : |
HDFC Bank, Mumbai |
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
NA |
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Borrowed : |
NA |
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Total : |
-- |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 [Estimated] |
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Sales Turnover for Group |
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200.000 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER
WEBSITE
About
RAP Media
Based in Mumbai, RAP Media is a real estate development
organization focusing on conceptualising, designing, creating and management of
world-class Shopping Malls-cum-Multiplexes. There has been a marked shift in
the shopping preferences of consumers across the globe, and more and more
people now opt for the convenience of one-stop shopping complexes instead of
visiting standalone stores. RAP Media builds lifestyle shopping centres in the
tier 1 & tier 2 cities of India attracting specialty retailers and
providing local customers with a unique shopping experience and great value for
money. They strive to understand the growth strategies of leading brands
looking for increased presence at state-of-the-art outlets, and place equal
emphasis on serving local customers and communities with “international taste”
for great-value products and services. RAP Malls are single-point,
multi-utility destinations for shopping, food and entertainment – built with
well-planned retail amenities that can meet the changing needs of
new-millennium consumers.
As shoppers today increasingly look for a shopping-fun-food experience – much beyond
the original scope of traditional shopping malls – RAP Media has realized the
importance of developing unique lifestyle centres across the country with
facilities on par with a cosmopolitan megapolis. They are a professionally
managed company ensuring complete success and proper management of
state-of-the-art malls-cum-multiplexes with emphasis on convenience, comfort
and speed of operations. RAP Media also develops five-star mall hotels,
offering great-value facilities to business and leisure travellers, building
customer loyalty and ensuring maximum footfall. Architectural excellence,
superior space planning, robust construction and top-notch facilities are the
highlights of all RAP projects – pleasing, vibrant places custom-built to offer
the ultimate in shoppertainment. There are provisions for sleek,
top-of-the-line escalators, glass capsule lifts, latest technology fixtures and
central air conditioning, which will combine to create a one-of-its-kind
ambience for valued visitors. RAP lifestyle centres house the finest retail
brands for world-class shopping and there is better place to experience the fun
and excitement which spice up the day out at the mall. Whether it is a movie at
their multiplex, chilling out at sports bars, or thrills galore at gaming
zones, RAP Malls offer myriad recreations for all ages. And there is always a
tantalising selection of restaurants and food joints at every mall – whetting
the appetite for gourmet dishes or fun dining, depending upon the mood. From
great-value shopping to best leisure activities and fine dining, RAP Malls
offer a true feast of senses which will please the connoisseurs of the
Lifestyle Age.
Dazzling, vibrant, luxurious – RAP Media builds Lifestyle
Centres for shop-till-you-drop experience and entertainment extravaganza. The
Mumbai-based real estate company specialises in conceptualising and developing
Malls-cum-Multiplexes in the tier 1 & tier 2 cities of India. An aspiring
frontrunner, RAP Media aims at rapidly changing the skyline with magnificent
lifestyle shopping centres where unrivalled retail-tainment will automatically
turn footfalls into conversions.
RAP Malls are custom-built to meet new-millennium requirements, where shopping
is a part of a complete entertainment experience. Designed to provide an
alluring ambience, the malls offer a unique blend of mega-store shopping,
enthralling family entertainment facilities and the best in gourmet food – thus
spelling the ultimate in amenities and shoppertainment. Whether it is
brand-hunting or gaming thrills, an evening at the cineplex, or a sumptuous
feast, RAP Malls raise the bar of customer satisfaction and the value equation
for entertainment.
LEADERS
Mr. Rupinder Singh Arora, Managing Director
Mr. Rupinder Singh Arora, Managing Director of RAP Media,
has impelled the company to immense heights. He is a Commerce and Law graduate
from the Bombay University, and has 35 years of invaluable experience in
industry verticals such as wind energy generation, manufacturing and export of
polyester staple fibre, garment exports, construction and real estate
development. His interest and expertise in real estate development has kept the
company ahead in today’s rapidly evolving market.
Ms Ritika Arora, Whole-time Executive Director
Ms Ritika Arora, whole-time Executive Director of RAP Media,
holds a B.Sc in Management-Finance from Purdue University, USA, and a Diploma
in Event Management. Ritika has valuable experience in Banking and General
Management, and made significant contributions towards the organisation’s
growth.
Mr. Chandir Gobing Gidwani, Director
Mr. Chandir Gobing Gidwani, Director of RAP Media holds a
Master’s degree in Commerce and is a Fellow Member of the Institute of
Chartered Accountants of India. Mr. Gidwani has two decades of valuable
experience in finance, accounts, audit and senior general management. He is the
Managing Director of Centrum Finance Ltd. and responsible for all strategic
decisions of the company. Mr. Gidwani is actively involved in Business
Planning, Corporate Structuring and Investment Consultancy, Placement of Debt
& Equity, ECB Structuring and International Finance.
Mr. K.V. Krishnamurthy, Director
Mr. K.V. Krishnamurthy, Director of RAP Media, is a B.Com, F.C.A., F.I.I.B. and
Retd. Chairman & Managing Director of Bank of India. He has a rich and
varied experience of 33 years and is regarded as one of the best practicing
bankers of India’s Public Sector Banking Industry. His areas of specialization
include both Domestic and International Banking, while he has extensive
expertise in Treasury Management, Risk Management, Forex Management and Human
Resources Development.
RAP Majestic Mall: A Shoppers’ Paradise with a Mall Hotel
For years, the city of Amritsar has loomed as a tempting
target for retail development, and entertainment integrated with retail will
always be a strong crowd-puller. With the city growing at an enormous pace and
tourists flowing in from all corners of India and abroad, a world-class
shopping mall is the preferred choice of the discerning buyers and the upmarket
crowd.
Built according to latest specifications and boasting a designer ambience, the
3, 50, 000 sq. ft, RAP Majestic Mall is located on Circular Road – one of the
prime locations in Amritsar. Anchored by a 117-room five-star hotel, the mall
boasts an amazing variety of distinctive shops, a magnificent multiplex,
exciting gaming zones and a tasteful choice of food junctions & superb
cuisines to please the connoisseurs of good living. And the “essentials” are
always there to ensure the comfort and safety of the shoppers on board – right
from large parking space to world-class amenities and personalised services.
However, it is the brand new concept of a “Mall Hotel” that propels the
shoppertainment destination to new heights and brings more footfalls than ever.
In addition to luxurious accommodation and superior facilities, guests will now
enjoy hassle-free shopping at this shoppers’ paradise and watch their favourite
films at the excellent movie theatre. And the presence of a five-star hotel in
the middle of a shopping arcade has become an instant hit with those who do not
want to rush home after an evening filled with shopping, fun and food. Hang out
late. Go for great-value shopping. Watch a movie. Wine & dine. And
experience tjeir plethora of entertainment options.
RAP Magnum Mall: Connecting Consumers to Lifestyle Products
With the concept of lifestyle shopping malls and
hypermarkets hugely gaining in popularity, corporate giants like the Tatas,
ITC, Reliance and the RPG Group have gone ahead with their retail blueprints as
a part of a smart marketing move. The retail models conceptualised and
developed by RAP Media aims to explore the Indian consumer market even further
– bringing top quality, lifestyle products at the best possible prices. RAP
Magnum Mall in the heart of Meerut city is a unique venture which targets the
middle class, as well as the upmarket crowds, and plans to offer almost
anything under the sun that a buyer may wish for.
Superbly designed by the renowned architect Sanjay Puri, the RAP Magnum Mall is
a state-of-the-art development that meets the requirements and repute of
international brands and discerning retailers. The breath-taking edifice offers
maximum optimal space utilisation; features aesthetic interior layouts, and
facilitates adequate parking space. From the essential to the luxurious and
apparels to white goods, the hypermarket houses every single household item
under one roof while the pricing will suit every budget. The comfort and the
convenience factors are not missing though, as the mall has in place glass
capsule elevators, state-of-the art escalators and a zillion other facilities
common to all super malls developed by the company.
ABOUT JALANDHAR
An ancient town with a contemporary outlook, Jalandhar is
one of the leading and most prosperous cities of Punjab. Over the past years,
the city has grown at an impressive pace and its reputation as a highly
industrialized city is well deserved. Jalandhar is the foremost manufacturer of
world-class sports equipment and rough estimates suggest that the city today
has more than 100 major industries and about 20,000 small-scale industries with
a most conservative estimate of an annual turnover of approximately Rs 4500
Millions.
RAP Mega City Mall: Discover the Difference...
Nestled in the heart of Jalandhar, the RAP Mega City Mall is
located in an upmarket residential area where prestigious housing projects are
coming up in rapid succession. In tune with the global trend where home and
retail go hand in hand, RAP Media brings you the best in shoppertainment – a
world-class shopping-cum-leisure venue that will please even the most
discerning visitor. For top brands, departmental or specialty stores, RAP Media
offers well-designed retail space with maximum floor space and a stunning
interior which will immediately attract visitors. And shopaholics are sure to
find an amazing range of lifestyle products and utility goods to choose from.
If the shop-till-you-drop experience is not enough to fatigue you, go for fun
and frolic which will turn a typical mall visit into an entertainment
extravaganza. Watch the latest Hollywood blockbuster at the luxurious
multiplex. Challenge friends and family to the most breathtaking video games.
Have a ball at the snooker/pool table. Or check out the most exciting range of
fast-food joints and multi-cuisine outlets housed at the food court. The
options are many at this lifestyle shopping mall – driving footfalls from all
walks of life and giving shoppers world-class amenities, best services and
added value for their time and money.
ABOUT MOHALI
Mohali, also known as Sahibzada Ajit Singh Nagar or S.A.S
Nagar, had been originally named after the eldest son of Guru Gobind Singh,
10th Guru of the Sikhs. Located on the outskirts of Chandigarh, the township is
only five km away from the most beautiful and well-planned city. Chandigarh has
derived its name from the Goddess of Power known as Shri Chandika whose temple
lies on the Chandigarh-Kalka Road. The city was designed by Le Corbusier in
1953, and Mohali had been developed along the same line. Over the years, a
large number of environment-friendly and pollution-free industrial units have
come up at SAS Nagar. What’s more, Mohali boasts a world-class cricket stadium
and has hosted hundreds of historic matches.
RAP Melange Mall: Experience the Excitement
The Chandigarh region, along with Mohali, has predictably
emerged as the most happening destination of world professionals and quality-conscious
consumers with a global taste. And sprawled across 5, 00, 000 sq. ft. of prime
space, the magnificent RAP Melange Mall is just the right place that can cater
to the demands of a global crowd near home. They are located at Dara Studio
(Mohali) on NH 21, leading to Chandigarh – only 11 km from the city railway
station and just five km from the ultra modern PCA Stadium.
Dubbed the lifestyle centre of the new millennium, the RAP Melange Mall packs a
“wow” element, providing shoppers with a whole new experience. From innovative
architectural designs to ultra-modern retail space and entertainment
facilities, excellent tenant mix to dedicated customer care – the unique
destination is all set to break new ground in the retail-leisure formula and
ensure maximum footfalls.
The mall is home to a world-class line-up of retail outlets ranging from top
national and international brands to day-to-day convenience shopping. They also
boast a 120-room five-star hotel – an abode of superb luxury and comfort. Although
the concept of mall hotels is comparatively new in India, renowned real estate
developers in Delhi, Mumbai and Chennai have already realized its great growth
potentials in terms of brand-building and revenue generation. As an anchor
tenant, a mall hotelier stands to gain immensely since business travellers and
holiday-makers, cricket fans and sports lovers, will now have ready access to
an amazing variety of lifestyle stores and state-of-the art cineplex – to say
nothing of the exciting games & sports that will thrill to the core and
world-class entertainment facilities that will make every visit a memorable
one. Melange will also feature a great many restaurants and fast-food joints
offering the most exciting combinations of tastes and flavours to suit every
palate. RAP Melange Mall aims to be one of the best retail destinations where
visitors can enjoy an unparalleled choice of shopping, food and fun – on par
with the global trend.
ABOUT LUDHIANA
Ludhiana, initially known as Lodhi-ana or the town of the
Lodis, is the largest city of Punjab and the fastest-growing in India. The
Manchester of India is world famous for its high-quality hosiery items and
knitwear goods (cotton, blended and woollen garments) worth crores are now
exported to cater to global markets. However, it is not the commercial
activities alone that make the city a name to reckon with. It is also a major
pilgrimage destination for the Sikhs, as many of the famous Gurdwaras are
located in this city.
RAP High Street Mall: The Ultimate in Shoppertainment
The new-millennium mall culture has become an instant hit,
as high-profile denizens look for a plethora of leading brands under one roof
and even budget shoppers find destination malls to be family outing centres –
perfect for shopping, entertainment and leisure. RAP Media promises the
ultimate in shoppertainment for the global-thinking, quality-conscious Indians,
as the company is developing a giant “multi-theme” mall to wow the tireless
shoppers. Conveniently located on GT Road and sprawled across one million sq ft
of prime space, RAP High Street Mall is an architectural Eden designed by the
renowned architect, Sanjay Puri. The RAP venture has envisioned custom retail
at its best, as the consumers’ paradise is being built around a unique “mega
combo” concept and includes a number of theme malls, regular retail, a
hypermarket format for an affordable price range and a five-star hotel cocooned
in the heart of this super mall to make it a choice destination for those who
love to shop from the bourne of luxury and comfort.
Theme Arcades & Malls within the MALL
Unlike a visit to the traditional mega malls, a day at RAP
High Street Mall promises to be a memorable experience. What makes it a retail
dream is the concept of malls-within-a-mall with special focus on Home &
Lifestyle, Kids, Wedding, Fashion, Leisure, Entertainment and Hospitality. Each
of the four main arcades has a different theme and houses a great number of
stores and amenities for variety and uniqueness. Close to the parking lots lie
the mall's entrances that lead straight to the major arcades, while sleek,
top-of-the-line escalators are strategically placed for easy reach-out and
glass capsule elevators command a bird’s eye view of the grand atrium. Shop
till you drop; experience the thrill & the excitement at the Fun Zone; eat
out at gourmet joints; or get pampered by the five-star luxury of the mall
hotel. Each feature/facility of RAP High Street Mall has been conceptualised
with a foresight and perfected to the minutest details to draw people to the
mall, convert footfalls into sales and ensure the ultimate in shoppertainment.
The Plaza Parade below will take you through each theme arcade and help
you get a glimpse of the shopping, fun & frolic on offer.
The Home Floor
If decking up the house tops the private to-do list, there
is no place like the Home Floor. With the focus on “home & décor”, this
unique shopping arcade houses the widest variety of stores and offers almost
everything that you may need to set up the home. From wonder floors to indoor
& outdoor furniture and furnishings; showpieces to aquariums, computers and
white goods; and kitchenware to bathroom décor – the list of merchandise is
simply endless.
Wedding Arcade
The first-of-its-kind in India, the Wedding Arcade will
showcase most splendid items and finest services. Proposed on this floor are
designer apparel stores, jewellery arcades, beauty products & consultation
services, beauty salons and travel & honeymoon planners to make it a truly
memorable wedding.
Fashion Destination
For those with a penchant for haute couture, there is no better place than the
Fashion Destination. Considered to be the most upscale theme mall, this arcade
offers the latest in designer clothes and also has a ramp in place for in-house
fashion shows.
Sesame Street
The perfect Fun, Frolic & Entertainment Zone for kids,
Sesame Street will feature a video game arcade, rollercoaster simulation rides
and a skating rink for a rollicking time.
The Gourmet Zone
It is celebration time always for food lovers crowding the
mall. Taste the lip-smacking delicacies from around the world and enjoy the
chill-out sessions.
RAP High Street Mall, Ludhiana, is part of a successful portfolio of
Malls-cum-Multiplexes developed by RAP Media across the country. Other
lifestyle shopping malls include RAP Mirage Mall – Agra; RAP Metropolitan Mall
– Moradabad; RAP Magnum Mall – Meerut; RAP Mega City Mall – Jalandhar; RAP
Majestic Mall – Amritsar; and RAP Melange Mall – Mohali.
ABOUT AGRA
Few cities in the world can equal the colourful history and
glorious heritage of Agra – the ever-majestic Mughal metropolis and the most
coveted tourist spot known as the City of the Taj. One of the seven modern
wonders of the world, the Taj Mahal stands proud on the bank of the river
Yamuna, although the beautifully landscaped city is fast metamorphosing into a
commercial hub. The modern Agra is a shopper’s paradise, as millions of
tourists throng the city every year and crowd the shopping centres offering
brands and varieties in plenty.
RAP Mirage Mall: Another Jewel in Agra’s Crown…
Located on Fatehabad Road near the Taj, RAP Mirage Mall is
sprawled across 1,50,000 sq ft of designer space containing retail, multiplex, entertainment
zones and F&B areas, as well as an enormous parking zone for commuters’
benefit. Contemporary and multifaceted, Mirage is an aesthetic culmination
designed with style and elegance. The well-laid out interior features best
utilitarian floor designs and easy access to ensure optimum customer discern,
while the planned spaces can be utilised to hold floor events and promotional
activities. RAP Mirage Mall is fully airconditioned with a gargantuan central
atrium and hi-tech escalators, while the glass capsule lifts provides a
panoramic view of the entire shopping arena. From household goods to white
goods, cosmetics to confectionaries, the mall features some of the world’s
finest retail brands under one roof – making shopping a pleasure and a convenience.
Entertainment unlimited awaits you at Mirage, Agra’s only lifestyle shopping
mall housing a multiplex with a large screen format. Get a gigantic cinematic
experience at RAP Adlabs – India’s only multiplex featuring a 60? high screen,
latest projection technology and mind-blowing audio effects.
Whether it’s a day-long shopping tour or a brief and hectic schedule, you can
still enjoy a well-earned respite at our sprawling and luxurious food court
that brings together finest of delicacies from around the globe. From
mouth-watering snacks to most filling dishes and gourmet treats – the
delectable fare pampers all tastes as eating out gains a whole new meaning. The
Sports Bar is another cool zone to relax with a chilled beer and a game of
pool, while the kids have a hilarious time trying out our all-too-exciting
arcade games, air hockey or big-screen video games. In fact, life cannot get
any better as RAP Mirage Mall offers a unique and delightful shoppertainment
experience.
RAP Mirage Mall, Agra, is part of a successful portfolio of
Malls-cum-Multiplexes developed by RAP Media across the country. Other
lifestyle shopping malls include RAP High Street Mall – Ludhiana; RAP Magnum
Mall – Meerut; RAP Metropolitan Mall – Moradabad; RAP Mega City Mall – Jalandhar;
RAP Majestic Mall – Amritsar; and RAP Melange Mall – Mohali.
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.39.73 |
|
UK Pound |
1 |
Rs.77.34 |
|
Euro |
1 |
Rs.57.80 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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 |
|