MIRA
INFORM REPORT
|
Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
S N N BUILDERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Raj |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
09.11.2009 |
|
|
|
|
Com. Reg. No.: |
08-051411 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202KA2009PTC051411 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS38943C BLRS34627F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS6172K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Builders and Developers |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company and yet to establish itself gradually.
The company has commenced its commercial operations from October, 2010. Trade
relations are reported as fair. Business is active. Payment terms are
unknown. The company can be considered for business dealings on a secured trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Bal Gopal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9343335161 |
|
Date : |
20.12.2011 |
LOCATIONS
|
Registered Office/ Corporate Office/ Site Office 1 : |
Raj |
|
Tel. No.: |
91-80-32533905 |
|
Mobile No.: |
91-9343335161 (Mr. Bal Gopal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Site Office 2 : |
SNN Raj Serenity, Survey No.40, Begur Main Road, Yelenahalli Village,
Begur Hobli, Bangalore – 560 045, Karnataka, India |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Sanjay Sajjan Raj Shah |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
452, 22nd Cross, 3rd Block, Jayanagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.07.1969 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00016272 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Neelu Jain |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No A-304, 47th Cross, Adarsh Residency, 8th
Block, Jayanagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.09.1970 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
00016245 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shiva Shankar Bhat |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Thenkila Nooji House, Puttur Dakshina Kannada – 574 201, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
15.02.1971 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
01783393 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ramesh Chandra Kumarsen Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 4022, Ist Cross, Hal II Stage, Indira Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.06.1950 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00016256 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nitin Ramesh Chandra Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 4022, Ist Cross, Hal II Stage, Indira Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.10.1978 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00010929 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Nikhil Agarwal |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
# 4022, Ist Cross, Hal II Stage, Indira Nagar, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.10.1981 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.11.2009 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02093803 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Bal Gopal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Shah |
|
6000 |
|
Neelu Jain |
|
3000 |
|
Shivashankar Bhat |
|
2000 |
|
Ramesh Chandra Agarwal |
|
3000 |
|
Nitin Agarwal |
|
3000 |
|
Nikhil Agarwal |
|
3000 |
|
Total |
|
20000 |
As on 22.09.2010
|
Names of Allottees |
|
No. of Shares |
|
Sanjay Shah |
|
2994000 |
|
Neelu Jain |
|
1497000 |
|
Shivashankar Bhat |
|
998000 |
|
Ramesh Chandra Agarwal |
|
1497000 |
|
Nitin Agarwal |
|
1497000 |
|
Nikhil Agarwal |
|
1497000 |
|
Total |
|
9980000 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Builders and Developers |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
150 (Approximately) |
|
|
|
|
Bankers : |
State Bank of India, Central Business District Branch, # 32, 3rd
Floor, ACR Towers, Residency Road, Bangalore – 560 025, Karnataka, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Ramakrishna Kamat Chartered Accountant |
|
Address : |
Chennai, |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each
|
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each
|
Rs.100.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of
Establishment |
Yes |
|
2) Locality of
the firm |
Yes |
|
3) Constitutions
of the firm |
Yes |
|
4) Premises
details |
Yes |
|
5) Type of
Business |
Yes |
|
6) Line of
Business |
Yes |
|
7) Promoter’s
background |
-- |
|
8) No. of
employees |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation
of contact person |
Yes |
|
11) Turnover of
firm for last three years |
No |
|
12) Profitability
for last three years |
No |
|
13) Reasons for
variation <> 20% |
No |
|
14) Estimation
for coming financial year |
No |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
No |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
No |
|
20) Export /
Import details (if applicable) |
No |
|
21) Market
information |
-- |
|
22) Litigations
that the firm / promoter involved in |
-- |
|
23) Banking
Details |
Yes |
|
24) Banking
facility details |
No |
|
25) Conduct of the
banking account |
-- |
|
26) Buyer visit
details |
-- |
|
27) Financials,
if provided |
No |
|
28) Incorporation
details, if applicable |
-- |
|
29) Last accounts
filed at ROC |
-- |
|
30) Major
Shareholders, if available |
-- |
FORM 8:
|
Corporate identity number of the company |
U45202KA2009PTC051411 |
|
Name of the company |
S N N BUILDERS PRIVATE LIMITED |
|
Address of the registered office or of the principal place
of business in |
Raj E-Mail: info@snconstruction.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of charge holder |
State Bank of India, Central Business District Branch, # 32, 3rd Floor, ACR Towers, Residency Road, Bangalore – 560 025, Karnataka, India E-Mail: rjr.cs69@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of
hypothecation of goods and assets form C-2 and letter regarding the grant of
individual limits within the overall limit form C-5 (both pertain to the same charge) |
|
Date of
instrument Creating the charge |
20.04.2011 |
|
Amount secured by
the charge |
Rs.700.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: WCL - at 4.00%
above base rate, present effective rate 12.25% p.a. with monthly rests. Terms of
Repayment: WCL - On demand.
Advance is for a period of 12 months. Margin: As per form C-5 Extent and
Operation of the charge: Exclusive first
charge on the assets of the company and to the full extent. Others: Cash Credit
Rs.700.000 millions. |
|
Short particulars
of the property charged |
Hypothecation of
company's present and future movable fixed assets and current assets like stocks,
raw materials, semi finished and finished goods, book debts, receivables,
outstanding monies, bills, rights, stores, components, furniture and
fittings; other movables, plant and machinery, vehicles and assets to be
purchased out of bank finance. |
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.53.03 |
|
|
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.69.00 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
11 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.