Prepared BY :

MIRA INFORM PRIVATE LIMITED

 

 

Report Dated:

03.10.2008

 

Request Date :

20.09.2008

Requestor’s Name :

Req. of Leena Patki

 

Customer Details (As Provided by ACC)

 

Customer Name :

SARANG PROPERTY DEVELOPERS PRIVATE LIMITED

 

 

Registered Address :

349 Business Point, 5th Floor, Western Express Highway, Andheri (East), Mumbai, Maharashtra, India 

Mobile No.:

91-9833348810

Tel. No.:

91-22-2684566

 

 

ROC NO:

U51900MH1999PTC122297

PAN NO:

AADCS6382B

 

 

TAN NO:

MUMS25397B

 

Verified Details

 

Name :

SARANG PROPERTY DEVELOPERS PRIVATE LIMITED

 

 

Formerly Known As:

SARANG FASHIONS PRIVATE LIMITED

 

 

Registered Address :

Sub Plot No.6, Plot No.11/12, WICEL, Opposite Seepz, MIDC, Central Road, Andheri (East), Mumbai – 400093, Maharashtra, India

 

 

Ownership Status

Public Ltd-Listed

Public Ltd-Unlisted

Private Ltd

Private Ltd-Sub of listed

Partnership Firm

Proprietorship

HUF

Other (Specify)

Specify-

Sector

Infrastructure

Developer-Commercial

Developer- Residential

Developer-Industrial

Details on Line of Business

Real Estate Developers

 

Directors:

 

Name ( Designation)

Date of Birth

Residential Address

 

 

 

Mr. Sunil B. Goenka (Director, w.e.f. 21.10.1999)

31.12.1947

20, Vinayak Kunj, 12th Road, J V P D Sxheme, Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India

 

 

 

Mr. Anish R. Goenka (Director, w.e.f. 21.10.1999)

04.06.1977

20, Vinayak Kunj, 12th Road, J V P D Sxheme, Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India

 

 

 

Mr. Rajendra B. Goenka (Director, w.e.f. 21.10.1999)

15.04.1952

20, Vinayak Kunj, 12th Road, J V P D Sxheme, Juhu, Vile Parle (West), Mumbai – 400049, Maharashtra, India

 

 

 

Mr. Shashi Sehgal (Director, w.e.f. 20.11.2007)

02.12.1952

606, Kamdhenu, Lokhandwala Complex, Andheri (West), Mumbai – 400053, Maharashtra, India

 

 

 

Mr. Rasesh Kanakia (Director w.e.f. 09.05.2008)

14.09.1961

Ashish Plot No.18, JVPD Scheme MS Road No.4, Vile Parle (West), Mumbai – 400056, Maharashtra, India

 

 

 

Mr. Himanshu Kanakia (Director w.e.f. 09.05.2008)

01.01.1964

Vrusti Swastik Chs, Plot No.20 JVPD Scheme Road No.2, Vile Parle (West), Mumbai – 400056, Maharashtra, India

 

 

 

Mr. Satyanaram Todi (Director, w.e.f. 18.06.2007)

08.04.1950

-

 

 

 

Key Executive:

 

 

 

 

 

Alka Modi and Associates

-

A-302, Shivsagar Apartments, Asha Nagar, Thakur Complex, Kandivali (East), Mumbai – 400101,. Maharashtra, India

Tel No.:91-22-28542596/ 56989065

Email : alkamodi2003@rediffmail.com

 

 

 

Litigation

(against the company or its promoters)

-

Political Connections Found:

-

Criminal Connections Found:

-

 

Details of Group Companies

 

Not Available

 

BUSINESS DETAILS

 

Bankers

Not Available

 

 

Trade Creditors Reference

Name of Trade Creditor (1)

Not Available

Behaviour

Always Paid Within the Credit days

 

Paid with delays-full payment

 

Irregular-Discount payments

 

Problematic

Comments

Credit days being offered:           Credit Limit being offered:

Average days taken to make payments:

 

Other:

Name of Trade Creditor (2)

 

Behaviour

Always Paid Within the Credit days

 

Paid with delays-full payment

 

Irregular-Discount payments

 

Problematic

Comments

Credit days being offered:           Credit Limit being offered:

Average days taken to make payments:

 

Other:

Comments on Banking Relations

-

 

 

 

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

19.500

19.500

1.704

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

(3.576)

(3.552)

(3.317)
NETWORTH

15.924

15.948

(1.613)

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

6.925

5.825

2.717
TOTAL BORROWING

6.925

5.825

2.717
 

 

 

 
TOTAL

22.849

21.773

1.104
 

 

 

 
APPLICATION OF FUNDS

 

 

 
 

 

 

 
FIXED ASSETS [Net Block]

0.000

0.000

0.000
Capital work-in-progress

1.265

0.000

0.000
 

 

 

 
INVESTMENT

0.000

0.000

0.000
DEFERREX TAX ASSETS

0.000

0.000

0.000
 

 

 

 
CURRENT ASSETS, LOANS & ADVANCES

 

 

 
 
Inventories

0.000

0.000

0.000
 
Trade Debtors

0.000

0.000

0.000
 
Cash & Bank Balances

0.032

3.682

0.010
 
Other Current Assets

0.000

0.000

0.000
 
Loans & Advances

22.803

18.109

1.117
Total Current Assets
22.835
21.791

1.127
Less : CURRENT LIABILITIES & PROVISIONS
 
 

 
 
Current Liabilities

1.251

0.018

0.023
 
Trade Creditors

0.000

0.000

0.000
Provisions
0.000
0.000

0.000
Total Current Liabilities

1.251

0.018

0.023
Net Current Assets

21.584

21.773

1.104
 

 

 

 
MISCELLANEOUS EXPENSES

0.000

0.000

0.000
 

 

 

 
TOTAL

22.848

21.773

1.104

 

PROFIT & LOSS ACCOUNT

 

PARTICULARS

 

31.03.2007

31.03.2006

31.03.2005

Sales Turnover

0.000

0.000

0.000

Other Income

0.000

0.000

0.000

Total Income

0.000

0.000

0.000

 

 

 

 

Profit/(Loss) Before Tax

(0.024)

(0.235)

(0.010)

Provision for Taxation

0.000

0.000

0.000

Profit/(Loss) After Tax

(0.024)

(0.235)

(0.010)

 

 

 

 

Total Expenditure

0.024

0.235

0.010

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2007

31.03.2006

31.03.2005
PAT / Total Income

(%)
0.00
0.00

0.00
 

 
 
 

 
Net Profit Margin
(PBT/Sales)

(%)
0.00
0.00

0.00
 

 
 
 

 
Return on Total Assets
(PBT/Total Assets}

(%)
0.00
(0.01)

0.001
 

 
 
 

 
Return on Investment (ROI)
(PBT/Networth)

 
0.00
(0.01)

0.01
 

 
 
 

 
Debt Equity Ratio
(Total Liability/Networth)

 
0.51
0.37

(1.70)
 

 
 
 

 
Current Ratio
(Current Asset/Current Liability)

 
18.25
1210.61

49.00

 

 

Vital Information

 

COMMITMENTS:

 

Subject is a engaged in real estate development and has not established track. No payment records are available. No banking relations are known.

 

Initially, the company can be considered for small to mediocre business dealings at usual trade terms and conditions.

 

 

HISTORY:

 

Date of Incorporation:  21.10.1999

Company Registered No.11-122297

 

 

LOCATIONS

 

Registered Office Tel. No.:

91-22-30809456/ 28395601 (10 Lines)

Registered Office Fax No.:

91-22-28368672

E-Mail :

pushpa@texportsyndicates.com

kcgupta@taxportsyndicates.com

 

 

Corporate Address :

349 Business Point, 5th Floor, Western Express Highway, Andheri (East), Mumbai, Maharashtra, India 

Mobile No.:

91-9833348810

Tel. No.:

91-22-2684566

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

(AS ON 30.09.2004)

Names of Shareholders

 

No. of Shares

 

 

 

Sunil Goenka

 

331400

Laxmi Goenka

 

100

Amit Goenka

 

50000

Anuj Goenka

 

151600

Anjana S Goenka

 

36316

Vishal Goenka

 

150000

Sunil B Goenka (HUF)

 

50000

Beniprasad G Goenka

 

20000

Beni Prasad Goenka (HUF)

 

10000

Anish R Goenka

 

1150584

 

 

 

Total

 

1950000

 

 

(AS ON 31.03.2007)

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

AUDITORS

 

M. M. Chaturvedi and Company

Chartered Accountant

Address: 24, Atlanta, Nariman Point, Mumbai – 400021, Maharashtra, India

 

 

 

 

 

CAPITAL STRUCTURE

 

(AS ON 31.03.2007)

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs.20.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1950000

Equity Shares

Rs.10/- each

Rs.19.500 Millions

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions