MIRA
INFORM REPORT
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Report Date : |
29.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
SM PROFESSIONALS BUILDMET PRIVATE LIMITED |
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Registered Office : |
2, Jai House, Bihari Park, Deoli Road, Khanpur, Delhi – 110 062 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
08.08.2006 |
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Com. Reg. No.: |
151722 |
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CIN No.: [Company
Identification No.] |
U70109DL2006PTC151722 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MRTS05045F |
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PAN No.: [Permanent
Account No.] |
AAKCS6557M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Engaged in Construction Business. (Builders) |
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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Maximum Credit Limit : |
USD 450 |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a 2 Years old company and a part of SM Group. The company
has incurred some initial losses. Trade relations are fair. The company can be considered for small to mediocre business dealings,
initially. |
INFORMATION PARTED
BY
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Name : |
Mr. Vishwanth Sharma |
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Designation : |
Commercial Manager |
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Contact No.: |
Mobile no.91-9899079933 |
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Date : |
27.09.2008 |
LOCATIONS
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Registered Office : |
2, Jai House, Bihari Park, Deoli Road, Khanpur, Delhi – 110 062,
India. |
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Mobile No.: |
91-9811547303 (Mr. Mritunjay) / 9811507169 (Mr. Manish) |
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E-Mail : |
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Website : |
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Area : |
400 sq yards |
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Location : |
Owned |
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Corporate Office : |
102-103, IInd Floor, J.S. Arcade, Sector – 18, Noida – 201 301, Uttar
Pradesh, India. |
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Tel. No.: |
91-120-4256071/ 72 |
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Fax No.: |
91-11-4256071 |
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Area : |
1500 sq ft |
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Location : |
Rented |
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Site Office : |
430, Duplex, Sector – 12, Vasundhra, GZB., Ghaziabad – 201 301, Uttar
Pradesh, India. |
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Tel. No.: |
91-120-2881617 |
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Area : |
65 sq meters |
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Location : |
Rented |
DIRECTORS
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Name : |
Mr. Mritunjay Kumar |
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Designation : |
Director |
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Address : |
2, Jai House, Bihari Park, Deoli Road, Khanpur, Delhi – 110 062,
India. |
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Date of Birth/Age : |
13.09.1969 |
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Qualification : |
M.B.A. |
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Date of Appointment : |
08.08.2006 |
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Partnership held in partnership Firm : |
SM Professionals Address: 430, Duplex, Sector – 12, Vasundhra, GZB., Ghaziabad – 201
301, Uttar Pradesh, India. |
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Name : |
Mrs. Alka Anand |
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Designation : |
Director |
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Address : |
2, Jai House, Bihari Park, Deoli Road, Khanpur, Delhi – 110 062,
India. |
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Date of Birth/Age : |
05.11.1973 |
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Qualification : |
B.Com |
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Date of Appointment : |
08.08.2006 |
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Name : |
Mr. Manish Nigam |
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Designation : |
Director |
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Address : |
182, Partap Khand, Vishwa Karma Park, Jhilmil, Delhi – 110 095, India. |
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Date of Birth/Age : |
06.11.1969 |
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Qualification : |
M.Com |
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Date of Appointment : |
08.08.2006 |
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Name : |
Mr. Tarun Nanda |
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Designation : |
Director |
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Address : |
68, Old Gita Colony, Delhi – 110 031, India. |
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Date of Birth/Age : |
04.01.1961 |
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Qualification : |
Engineer |
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Date of Appointment : |
08.08.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
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Names of Shareholders |
No. of Shares |
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Mr. Mritunjay Kumar |
4500 |
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Mrs. Alka Anand |
1500 |
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Mr. Manish Nigam |
2500 |
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Mr. Tarun Nanda |
1500 |
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Total |
10000 |
As on 30.09.2007
Equity share breakup (percentage of total equity)
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Category |
Percentage |
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Directors or relatives of directors |
100.000 |
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Total |
100.000 |
BUSINESS DETAILS
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Line of Business : |
Engaged in Construction Business. (Builders) |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
Retailers and End Users |
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No. of Employees : |
25 |
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Bankers : |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Hemant Maheshwari and Company Chartered Accountants |
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Address : |
C-99/ 611, Shakarpur, Delhi – 110 092, India. |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- Each |
Rs.0.100 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- Each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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(0.010) |
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NETWORTH |
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0.090 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.110 |
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TOTAL BORROWING |
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0.110 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.200 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.189 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.189 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.005 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.005 |
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Net Current Assets |
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0.184 |
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MISCELLANEOUS EXPENSES |
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0.016 |
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TOTAL |
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0.200 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2007 |
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Sales Turnover |
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0.000 |
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Other Income |
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0.000 |
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Total Income |
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0.000 |
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Profit/(Loss) Before Tax |
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(0.010) |
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Provision for Taxation |
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-- |
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Profit/(Loss) After Tax |
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(0.010) |
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Expenditures : |
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Accounting Expenses |
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0.001 |
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Auditor’s Remuneration |
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0.004 |
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Preliminary Expenses w/off |
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0.004 |
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Misc. Expenses |
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0.001 |
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Total Expenditure |
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0.010 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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(5.29) |
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Return on Investment (ROI) (PBT/Networth) |
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(0.11) |
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Debt Equity Ratio (Total Liability/Networth) |
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1.28 |
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Current Ratio (Current Asset/Current Liability) |
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37.80 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE
CHART
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Existence Verification |
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Name |
SM PROFESSIONALS BUILDMET PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited Company |
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Income Tax Registration |
AAKCS6557M |
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Central Sales Tax Registration |
09588806604 dated 29.03.2008 |
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Service Tax Registration |
AAKCS6557M ST 001 |
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Name of Bank |
ICICI Bank |
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Current Account Number |
025505001688 |
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Account Since |
2 Years |
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Credibility Factors |
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IndiaMART Client Since |
3 Years |
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Standards & Certifications |
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Quality Management Systems |
ISO 9001 : 2000 1348 dated 28.03.2008 to 27.03.2011 |
TRADE REFERENCES:
- Sanskriti Apartment, Ghaziabad
WEBSITE DETAILS:
PROFILE
Subject founded in 2003. Subject
is a young and rapidly growing company of dedicated professional project
management company with varied and extensive construction and management
experience. ISO 9001:2000 certified company for its service and quality. They
provide excellent services in the field of Commercial Real Estate Services.
Also they are providing experienced and quality Residential Real Estate
Services as they are one of the leading real estate developers.
Subject, has acquired the reputation and standing of being a leading Project
Management company in the field of Real-estate. Subject has successfully
completed Projects, which include a number of ways making a progressive and
steady growth. Today subject has to its credit a list of reputed projects.
Subject is involved in wide
spectrum of services in real estate as a project management firm and real
estate developers. They have acquired the reputation of being a leading
consultant, investment agent and construction company in the field of group
housing. land acquisition, institutional projects and commercial projects.
Their real estate agents have extensive experience in negotiation so as to
enable their investors to fetch maximum appreciation. They have earned world
wide recognition for timely delivery of projects.
They offer sales service to builder, group housing and corporates to reduce the
advertising cost. Their range of services include:
- Development
of Group Housing Projects / Residential Flats
- Residential
Apartments Development
- Development
of Commercial Complexes
- Investment
Consultancy and Management
- Financial
Projects
- Cost
Management
The proven reliability,
resourcefulness, timely completion and quality construction with good project
management has enabled subject to develop a good relationship with its clients
and gain their confidence. This is proved by repeated orders placed with
subject.
Enduring its Commitment towards being the most admirable and growing
construction company in the country, SUBJECT has shown a steady growth in the
recent past. Financial figures speak volumes of the winds of change in the
company's policies, setting a new pace in activities, thus creating momentum.
BOARD COMPOSITION
The Company's policy is to maintain
optimum combination of Executive and Non-Executive Directors. The board
consists of 9 Directors, out of which 4 are independent directors.
Subject
has merited a series of awards and recognitions for excellence for business,
services and operations.
Sh. Mritunjay Kumar was awarded the Country Pride Excellence award 2008 by
Society
SANSKRITI APARTMENTS,
INDIRAPURAM EXT. INDIRAPURAM
Sanskriti Apartments situated at
Indirapuram Ext., its 9.4 Acres of plot facing NH-24. Hence, this is the most
easily approachable site because of its location. As NH-24 is getting broaden
so in near future it would be a hassle free driving with no traffic jams at all
and their site is just situated at NH-24. They are providing you with luxury
residential apartments in NCR
As far as the connectivity to the basic amenities is concerned this site is
centrally located to all. It falls under 0 to 5 kms from all major Hospitals
(Max Balaji, Fortis, Narendra Mohan Hospital and etc.), Schools and Colleges
(Cambridge School, Amity, DPS, ST. Francis, St. Thomas, MMH and etc.), Shopping
Malls (Shipra Mall, Ansal Plaza, EDM, Shroppix Mall, Pacific Mall and etc.) and
other amenities.
Recently Awas Vikas Parishad (Lucknow) has acquired almost 703 acres of their
surrounding land and they are coming up with a huge and modified township
comprising of Big shopping malls, Schools, Colleges, Hospitals and planned
residential township. Location : On NH-24, Indirapuram Extension, Ghaziabad
Facilities:
·
Approx 72% of the Plot Area open to have free flow of Light
and air to every Corner of each Apartment.
·
Vastu and Eco Friendly
·
Lavishly built entrance Lobby in each Tower.
·
Earthquake resistance and Hitech Fire Fighting system / High
speed passenger lift.
·
Hi-tech security system from flat to main-gate
·
Inbuilt Kat 6 for internet and telephone system.
·
100% Power Back up for each flat (Chargeable).
·
Uninterrupted water supply from water softening plant.
·
Ample parking space.
·
Club House with Swimming Pool, Lounge/Reading room,
Internet, Gymnasium, Table Tennis, Lawn Tennis, Basket Ball.
·
Multipurpose Hall for get together.
·
Jogging Track, Beautifully landscaped park with water body
within the complex.
·
In house maintenance services for all common facility.
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Specification :
|
Structure |
Earthquake resistant RCC
Structures as per IS Codes Pest Control: Structure shall be treated by
anti-termite treatment chemical. |
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Flooring |
Vitrified tiles with border in
Living, Dining, Passage and Bed Room's and *wooden laminated flooring with
skirting in Master Bed Room (4 bedrroms units only). Contrast Marble flooring
in Balcony and Kota Stone flooring with borders with M. S. Railing. |
|
Internal Finishing |
Smooth plaster with a
lamination of POP/Putty and painted by OBD with cornices as per design on
wall and ceiling. |
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Internal Finishing |
Smooth plaster with a
lamination of POP/Putty and painted by OBD with cornices as per design on wall
and ceiling. |
|
Kitchen |
Anti skid ceramic floor tiles
in flooring, Black granite Polished on counter with stainless steel kitchen
sink and colorful glazed 2ft. height above from counter. Superior quality CP Fittings,
facility of exhaust fan, R.O. modular wardrobe and chimney. |
|
Toilets |
Colorful glazed tiles with
border upto 7ft. height and anti skid tiles flooring, C.P. Fitting and
matching coloured branded Chinaware and Mirrors. Granite counters with polish.
(All fitting/fixtures of superior quality single lever CP fittings,
Chinaware, Towl Rail/Ring, Soap Dish, Toilet paper Holder, Coat hools in
Toilet, Shower Enclosure, *Cubical Portion (Only in Four Bedrooms Flat). |
|
Doors |
Internal Doors: Polished
painted molded skin/flush shutters. External Doors: Teak Veneered and
flush shutter/Molded skin door |
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Windows |
Powder coated/Anodized
Glazing, Windows Frame and Shutters shall be provided factory made Powder
coated aluminum. |
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Electric Fittings |
Modular switches and sockets,
copper wiring, facility of light fittings, Fans, Geyser, Bulk Head lights and
all other electrical works shall be done as per Indian Electricity Rules and
item ISI approved and before finalizations approved require. Provision for
TV, Phone and for appliances wherever required. |
|
External Finishes |
Combination of texture and
Rain Water Harvesting |
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.46.43 |
|
UK Pound |
1 |
Rs.85.38 |
|
Euro |
1 |
Rs.67.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
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|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
|