MIRA
INFORM REPORT
|
Report Date : |
11.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
PM DIMENSIONS PRIVATE LIMITED |
|
|
|
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Registered
Office : |
A/1902, |
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Country : |
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|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.07.2007 |
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|
|
|
Com. Reg. No.: |
11-172254 |
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|
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Capital Investment/
Paid-up Capital: |
Rs. 18.950
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2007PTC172254 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP4225H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Workforce Development and Engineering Services. |
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|
No. of
Employees: |
Approximately 49 (Office 17, Branch 23 and Elsewhere 09) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a company having moderate track. There appears huge
accumulate losses recorded by the company. However, trade relations are
reported as fair. The valuation report and networth statements provided seems
to be satisfactory. Business is active. Payment terms are unknown. It would be take advisable securities while dealings with the subject.
|
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Lalit Jain |
|
Designation : |
Head Finance |
|
Contact No.: |
91-9322223749 |
|
Date : |
07.07.2011 |
LOCATIONS
|
Registered Office : |
A/1902, |
|
E-Mail : |
|
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Corporate Office : |
D-101, Jolly Apartments, |
|
Tel. No.: |
91-22-67349861/ 67349800 |
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Fax No.: |
91-22-67349800/ 67349899 |
|
E-Mail : |
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Area : |
Rented |
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|
|
|
Training Facility: |
102/103, |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Makarand Madhav Rajadhyaksha |
|
Designation : |
Whole Time Director |
|
Address : |
301, Laxmi Gopal, Hatiskar Marg, Near Tata Press, Prabhadevi,
Mumbai-400025, |
|
Date of Birth/Age : |
18.06.1971 |
|
Qualification : |
B Tech, MBA |
|
Experience : |
19 Years |
|
Date of Appointment : |
11.07.2007 |
|
DIN No.: |
01451860 |
|
|
|
|
Name : |
Mr. Sukrut Vishnu Jobanpurtra |
|
Designation : |
Whole Director |
|
Address : |
46, Srinivas Society, |
|
Date of Birth/Age : |
26.08.1980 |
|
Qualification : |
BBM, PCDBA |
|
Experience : |
8 Years |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01682862 |
|
|
|
|
Name : |
Mr. Shishir Jayantilal Khandwala |
|
Designation : |
Director |
|
Address : |
B/403, Milton Aparment, Azad Road, Juhu Koliwade, Santacruz- West, Mumbai-400049,
Maharashtra, India |
|
Date of Birth/Age : |
03.05.1953 |
|
Date of Appointment : |
18.06.2010 |
|
DIN No.: |
01987161 |
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|
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|
Name : |
Mr. Madhav Ganpat Rajadhyaksha |
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Designation : |
Director |
|
Address : |
301, Laxmi Gopal, Hatiskar Marg, Near Tata Press, Prabhadevi,
Mumbai-400025, |
|
Date of Birth/Age : |
11.04.1931 |
|
Date of Appointment : |
|
|
DIN No.: |
01451804 |
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|
|
|
Name : |
Mr. Dileep Narayan Deshpande |
|
Designation : |
Director |
|
Address : |
Flat No. 10, Ameya Apartments, Chintamani Society, Karve Nagar,
Pune-411052, |
|
Date of Birth/Age : |
19.09.1955 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01987329 |
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|
|
|
Name : |
Mr. Rashid Khalid Kidwai |
|
Designation : |
Director |
|
Address : |
63, Anand Lok, New Delhi-110049, |
|
Date of Birth/Age : |
31.10.1951 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00646458 |
KEY EXECUTIVES
|
Name : |
Mr. Lalit Jain |
|
Designation : |
Head Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Equity Shares |
|
Madhav Ganpat Rajadhyaksha |
|
1000 |
|
Makrand Madhav Rajadhyaksha |
|
1139000 |
|
Sukrut Vishnu Jobaanputra |
|
260000 |
|
Rumaan N Kidwai |
|
50000 |
|
Rashid Kalid Kidwai |
|
75000 |
|
Dileep Naraiyan Deshpande |
|
20000 |
|
Shashir Jayantilal Khandwala |
|
106666 |
|
Mindaux consulting Private Limited, |
|
444444 |
|
Total |
|
2096110 |
|
|
|
|
|
Names of
Shareholders |
|
No.
of Preference
Shares |
|
Nitin Khandwala and Renuka Khandwala |
|
265000 |
|
Rajiv Gandhi and Tanay Gandhi |
|
30000 |
|
Bharat Goradia and Bhadrasheela Goradia |
|
50000 |
|
Bhadrashela Goradia and Bharat Goradia |
|
50000 |
|
Indira Goradia dn Bhadresheela Goradia |
|
50000 |
|
Pramod Kamble and Pradnya Kamble |
|
25000 |
|
Sonal Sejpal and Kalpana Sejpal |
|
10000 |
|
Biren Dalal and Sima Dalal |
|
20000 |
|
Total |
|
500000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
|
|
Bodies corporate |
|
|
Directors or relatives of Directors |
|
|
Other top fifty shareholders |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Workforce Development and Engineering Services. |
GENERAL INFORMATION
|
No. of Employees : |
Approximately 49 (Office 17, Branch 23 and Elsewhere 09) |
||||||||||||
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Bankers : |
Corporation Bank, Mandvi Branch |
||||||||||||
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||||||||||||
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Facilities : |
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Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Deepan Parikh and Company Chartered Accountant |
|
Address : |
B 101, Shanti Niwas, HFS Road No. 5, Natwar Nagar, Jogeshwari East,
Mumbai-400060, Maharashtra, India |
|
Tel. No.: |
91-22-28374410 |
|
Mobile No.: |
91-9820440991 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital : Rs. 67.500 Millions
Issued, Subscribed & Paid-up Capital : Rs. 25.961 Millions
As on 31.03.20010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1750000 |
Equity Shares |
Rs. 10/- each |
Rs. 17.500 Millions |
|
500000 |
Redeemable Preference Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
Total |
|
Rs. 22.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1395000 |
Equity Shares |
Rs. 10/-
each |
Rs. 13.950
Millions |
|
500000 |
Redeemable Preference shares |
Rs. 10/-
each |
Rs. 5.000
Millions |
|
|
Total |
|
18.950 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
18.950 |
0.100 |
0.100 |
|
|
2] Share Application Money |
11.350 |
4.500 |
4.500 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(49.971] |
[21.666] |
[3.112] |
|
|
NETWORTH |
[19.671] |
[17.066] |
1.488 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
11.868 |
17.267 |
0.325 |
|
|
TOTAL BORROWING |
11.868 |
17.267 |
0.325 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
[7.803] |
0.201 |
1.813 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.193 |
1.356 |
0.414 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.179 |
0.031 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
1.977
|
0.503 |
0.612 |
|
|
Cash & Bank Balances |
0.139
|
0.514 |
0.394 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.206
|
0.780 |
0.594 |
|
Total
Current Assets |
6.322
|
1.797 |
1.600 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
15.817
|
1.205 |
0.448 |
|
|
Other Current Liabilities |
2.900
|
2.997 |
0.983 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
18.717
|
4.202 |
1.431 |
|
|
Net Current Assets |
[12.395]
|
[2.405] |
0.169 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.220 |
1.219 |
1.220 |
|
|
|
|
|
|
|
|
TOTAL |
[7.803] |
0.201 |
1.813 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Receipts – Training |
10.061 |
5.509 |
1.017 |
|
|
|
Receipts- Consultancy |
0.000 |
0.000 |
0.890 |
|
|
|
Other Income |
0.039 |
0.000 |
0.000 |
|
|
|
TOTAL |
10.100 |
5.509 |
1.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative Expenses |
37.924 |
23.496 |
4.913 |
|
|
|
Exchange Difference Loss |
0.072 |
0.087 |
0.000 |
|
|
|
TOTAL |
37.996 |
23.583 |
4.913 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
[27.896] |
[18.074] |
[3.006] |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.409 |
0.480 |
0.106 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
[28.305] |
[18.554] |
[3.112] |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
[28.305] |
[18.554] |
[3.112] |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.94 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
[280.25]
|
[336.79] |
[163.19] |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
[281.33]
|
[336.79] |
[163.19] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
[332.41]
|
[588.46] |
[154.52] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
[143.89]
|
[1.09] |
[2.09] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
[1.55]
|
[1.26] |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.34
|
0.42 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
STATEMENT
OF ASSETS AND LIABILITIES
NET WORTH
SATEMENTS
|
NAME OF THE
APPLICANT |
MR. MADHAV
RAJADHYAKSHA |
|
|
|
|
NAME OF THE
CO-APPLICANT |
MR. MAKARAND
RAJADHYAKSHA |
|
IMMOVABLE
PROPERTIES |
APPLICANT |
CO-APPLICANT |
|
|
|
|
|
Address of the Property with survey no. / door no. etc. |
-- |
-- |
|
|
|
|
|
Description: Land/ Site/ Building |
-- |
-- |
|
|
|
|
|
Whether free hold/ leasehold |
-- |
-- |
|
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
-- |
-- |
|
|
|
|
|
Present market/
Assessed Valued |
-- |
-- |
|
INVESTMENT IN
BUSINESS CAPITAL |
||
|
Name of the company/ firm/ concern in which investment is made |
Mindaux Consultancy P L Rs. 0.040 Million P M Dimensions P L Rs. 0.010 Million |
P M Dimensions Private Limited Rs. 28.000 Millions |
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDER ETC. |
||
|
Name of the Bank/ Company where deposits are held |
-- |
Banks and P M Dimensions Private Limited |
|
|
|
|
|
Date of Deposit |
-- |
31.03.2009 |
|
|
|
|
|
Nature of deposit |
Fixed Deposit |
-- |
|
|
|
|
|
Present value of
deposits |
Rs. 0.200
Million |
Rs. 13.593
Millions |
|
GOVERNMENT
SECURITIES/ NSC/NSS ETC. |
||
|
Description |
REC Bond |
REC Bond |
|
|
|
|
|
Date of Purchase |
31.03.2009 |
31.03.2009 |
|
|
|
|
|
Face Value |
Rs. 4.000 Millions |
Rs. 0.540 Million |
|
|
|
|
|
Present Value of
securities |
Rs. 4.000
Millions |
Rs. 0.540
Million |
|
SHARES/
DEBENTURES/ MUTUAL FUNDS/ UNITS ETC. |
||
|
Description |
Fidelity Tax Advantage |
Shares/ Mutual Funds/ Gold/ PF |
|
|
|
|
|
Date of Purchase |
2007-08 |
31.03.2009 |
|
|
|
|
|
Face Value |
Rs. 0.075 Million |
Rs. 0.944 Million |
|
|
|
|
|
Present Value |
Rs. 0.075
Million |
Rs. 0.944
Million |
|
OTHER ASSETS |
||
|
Furniture and Fixture |
-- |
Rs. 0.124 Million |
|
|
|
|
|
Cash in Hand |
-- |
Rs. 0.021 Million |
|
|
|
|
|
Jewellery |
-- |
-- |
|
|
|
|
|
Plant and Machinery |
-- |
Rs. 0.024 Million |
|
|
|
|
|
Other Assets if any (Specify) |
-- |
Rs.1.715 Millions Rs. 4.141 Millions |
|
|
|
|
|
Total Value of
other assets |
-- |
Rs. 6.026
Millions |
|
|
|
|
|
TOTAL ASSETS |
RS. 4.325
MILLIONS |
RS. 49.104
MILLIONS |
|
LIABILITIES (PLEASE
FURNISH LOANS AVAILED FROM BANKS/ FINANCIAL INSTITUTIONS AND OTHER BORROWINGS |
||
|
Name of the Bank/ Institutions |
-- |
Various as per Valuati9n Report |
|
|
|
|
|
Amount of Loan |
-- |
Rs. 20.032 Millions |
|
|
|
|
|
TOTAL
LIABILITIES |
-- |
RS. 20.032
MILLIONS |
|
|
|
|
|
NET WORTH |
RS. 4.325
MILLIONS |
RS. 29.072
MILLIONS |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT
OF ASSETS AND LIABILITIES
NET WORTH
SATEMENTS
|
NAME OF THE
GUARANTOR |
MRS. VANDANA
RAJADHYAKSHA |
|
IMMOVABLE
PROPERTIES |
GUARANTOR |
|
Address of the Property with survey no. / door no. etc. |
A 1902, |
|
|
|
|
Description: Land/ Site/ Building |
Residential Flat |
|
|
|
|
Whether free hold/ leasehold |
Freehold |
|
|
|
|
Type of Property: Commercial/ Residential/ Agricultural |
Residential |
|
|
|
|
Present market/
Assessed Valued |
Rs. 25.496
Millions |
|
|
|
|
DEPOSITS HELD
WITH BANKS/ COMPANIES/ OTHER LENDER ETC. |
|
|
Name of the Bank/ Company where deposits are held |
Various Banks as Detailed in Report |
|
|
|
|
Date of Deposit |
-- |
|
|
|
|
Nature of deposit |
Savings/ Fixed Deposit |
|
|
|
|
Present value of
deposits |
Rs. 19.649
Millions |
|
|
|
|
SHARES/ DEBENTURES/
MUTUAL FUNDS/ UNITS ETC. |
|
|
Description |
Mutual Funds/ Shares/ PF |
|
|
|
|
Date of Purchase |
31.03.2009 |
|
|
|
|
Face Value |
Rs. 10.417 Millions |
|
|
|
|
Present Value |
Rs. 10.417
Millions |
|
|
|
|
OTHER ASSETS |
|
|
Jewellery |
Rs. 0.033 |
|
|
|
|
Plant and Machinery |
Rs. 0.100 Million |
|
|
|
|
Other Assets if any (Specify) |
Rs. 20.602 Millions |
|
|
|
|
Total Value of
other assets |
Rs. 20.735
Millions |
------------------------------------------------------------------------------------------------------------------------------
PROFIT AND
LOSS ACCOUNT
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Unaudited) |
31.03.2012 Estimated |
|
Gross Sales |
|
|
|
- Training |
64.332 |
324.750 |
|
- Consultancy/ Engineering Services |
0.335 |
32.500 |
|
Sub Total (Gross
Sales) |
64.667 |
357.250 |
|
|
|
|
|
Less: Revenue Postpond |
19.000 |
-- |
|
|
|
|
|
Net Sales |
45.667 |
357.250 |
|
|
|
|
|
% wise rise/ Fall in net sales as compared to previous year |
35.210 |
68.229 |
|
|
|
|
|
Other operation
Income/ Expenses |
|
|
|
Exchange Difference |
[0.097] |
-- |
|
Duty Drawback |
-- |
-- |
|
Others |
-- |
2.628 |
|
|
|
|
|
Total Operation
Income |
45.570 |
359.878 |
|
|
|
|
|
Cost of Sales |
|
|
|
Expenses |
|
|
|
i) Training |
33.661 |
178.078 |
|
ii) Engineering Services |
-- |
21.000 |
|
|
|
|
|
Other spares
consumed |
|
|
|
i) Imported |
-- |
-- |
|
ii) Indigenous |
-- |
-- |
|
|
|
|
|
Directors remuneration |
-- |
3.600 |
|
Direct Labour and Wages |
-- |
-- |
|
Other Expenses |
-- |
40.000 |
|
Depreciation |
1.437 |
5.696 |
|
Sub Total |
35.098 |
248.374 |
|
|
|
|
|
Add: Opening Stock of WIP |
-- |
-- |
|
Less: Closing Stock of WIP |
-- |
-- |
|
Total Cost of
Production |
35.098 |
`248.374 |
|
|
|
|
|
Add: Opening Stock of Finished Goods |
-- |
-- |
|
Less: Closing Stock of Finished Goods |
-- |
-- |
|
|
|
|
|
Total Cost of
Sales |
35.098 |
248.374 |
|
|
|
|
|
Selling, General and Administrative Expenses |
-- |
20.000 |
|
Cost of Sales + SGA |
35.098 |
268.374 |
|
Operating Profit Before Interest |
10.472 |
91.504 |
|
Interest |
0.892 |
39.500 |
|
Operating Profit
After Interest |
9.580 |
52.004 |
|
Non Operating Items |
-- |
-- |
|
Add Non Operating Income |
-- |
-- |
|
|
|
|
|
Profit on sales of assets/ investments |
-- |
-- |
|
Investments and dividends |
-- |
-- |
|
Forex Gains |
-- |
-- |
|
Non-Operating Income from Subsidiaries |
-- |
-- |
|
Tax Refund |
-- |
-- |
|
Other Non –Operating Income |
-- |
-- |
|
Total Non-
Operating Income |
0.000 |
0.000 |
|
|
|
|
|
Deduct Non Operating Expenses |
-- |
-- |
|
Loss on Sales of Assets |
-- |
-- |
|
Preliminary Expenses written off |
1.220 |
0.000 |
|
Other Non-Operating Expenses |
-- |
-- |
|
Total
Non-Operating Expenses |
1.220 |
0.000 |
|
|
|
|
|
Net of
Non-Operating Income/ Expenses |
[1.220] |
0.000 |
|
Profit Before Tax0 |
8.360 |
52.004 |
|
Provision for
taxation |
|
|
|
Current |
1.254 |
17.162 |
|
Deferred |
-- |
-- |
|
Sub Total: Provision for Taxation |
1.254 |
17.162 |
|
|
|
|
|
Net Profit After
Tax |
7.106 |
34.0842 |
|
|
|
|
|
Extraordinary
Items Adjustments |
|
|
|
Extraordinary Income Adjustments |
-- |
-- |
|
|
|
|
|
Items |
0.000 |
0.000 |
|
Adjusted PAT
(excluding Extraordinary Items) |
7.106 |
34.842 |
|
|
|
|
|
Dividend Paid |
|
|
|
On Equity Capital |
-- |
-- |
|
On Preference Share Capital |
-- |
-- |
|
|
|
|
|
Dividend Tax |
-- |
-- |
|
Partners’ withdrawal |
-- |
-- |
|
Dividend (%) |
-- |
-- |
|
Retained Profit |
7.106 |
34.842 |
|
|
|
|
|
Cash Accruals |
9.763 |
40.538 |
BALANCE
SHEET
(Rs.
in Millions)
|
Particulars |
31.03.2011 (Unaudited) |
31.03.2012 Estimated |
|
CURRENT
LIABILITIES |
|
|
|
Short term borrowings from Banks (Including bills purchased,
discounted and excess borrowings placed on repayment basis) Note: Bills negotiated under LC should be excluded |
|
|
|
|
|
|
|
Bank borrowings from the bank |
-- |
20.000 |
|
Ban borrowings from the other banks |
-- |
-- |
|
Sub Total |
0.000 |
20.000 |
|
|
|
|
|
Short term borrowings from
others |
0.000 |
0.0000 |
|
|
|
|
|
Creditors for purchases |
15.810 |
21.590 |
|
|
|
|
|
Advances/ payments form customers/ deposits from dealers |
-- |
-- |
|
|
|
|
|
Provisions |
|
|
|
- Tax |
4.471 |
4.758 |
|
- Others |
-- |
-- |
|
|
|
|
|
Dividends Payable |
-- |
-- |
|
|
|
|
|
Statutory liabilities due within one year |
-- |
-- |
|
|
|
|
|
Installments of Term Loans/ Deferred payment credits/ Debentures/
Deposits/ redeemable preferences shares (due within one year) |
-- |
-- |
|
|
|
|
|
Deposits |
-- |
-- |
|
|
|
|
|
Other Current Liabilities due within one year |
19.000 |
3.277 |
|
|
|
|
|
Total Current
Liabilities |
39.281 |
49.625 |
|
|
|
|
|
Term Liabilities |
|
|
|
Debentures |
-- |
-- |
|
Preferences Share Capital |
-- |
-- |
|
|
|
|
|
Dealer’s Deposit |
-- |
-- |
|
Deferred Tax Liability |
-- |
-- |
|
Term Loans |
-- |
360.000 |
|
Term Deposits |
-- |
-- |
|
|
|
|
|
Unsecured Loans (Quasi Equity) |
-- |
-- |
|
|
|
|
|
Other Term Liabilities |
-- |
-- |
|
|
|
|
|
Total Term Liabilities |
0.000 |
360.000 |
|
|
|
|
|
TOTAL OUTSIDE
LIABILITIES |
39.281 |
409.625 |
|
|
|
|
|
NETWORTH |
|
|
|
Equity Share Capital |
|
|
|
Share Capital (Paid up) |
63.664 |
122.744 |
|
Share Application (Finallised for allotment) |
13.418 |
-- |
|
Sub Total (Share
Capital)
|
77.082 |
122.744 |
|
|
|
|
|
General Reserve |
-- |
-- |
|
Revaluation Reserve |
-- |
-- |
|
|
|
|
|
Other Reserve and Surplus: |
-- |
-- |
|
|
|
|
|
Partners Capital/ Proprietor’s Capital |
-- |
-- |
|
Share Premium |
49.058 |
-- |
|
Capital Subsidy |
-- |
-- |
|
Others |
-- |
-- |
|
Balance in P and
L Account (+/-) |
[42.862] |
[8.021] |
|
|
|
|
|
NETWORTH |
83.278 |
114.723 |
|
TOTAL
LIABILITIES |
122.559 |
524.348 |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
Current Assets |
|
|
|
Cash and Bank Balances |
2.198 |
35.033 |
|
|
|
|
|
Investments |
|
|
|
Government and other trustee securities |
-- |
-- |
|
Fixed Deposit with Bans |
-- |
-- |
|
Others |
-- |
-- |
|
Receivables |
1.179 |
1.179 |
|
|
|
|
|
Receivables other than Deferred and Exports (Domestic) |
33.561 |
33.900 |
|
Export Receivables |
11.437 |
-- |
|
|
|
|
|
Note: |
|
|
|
1. All receivables upto 180 Days only to be included. |
-- |
-- |
|
2. |
-- |
-- |
|
|
|
|
|
Deferred
receivables (due within one year) |
-- |
-- |
|
|
|
|
|
Inventory |
|
|
|
Raw Material- Imported |
-- |
-- |
|
Raw Material- Indigenous |
-- |
-- |
|
Work in Process |
-- |
-- |
|
Finished Goods (Including Traded Goods) |
-- |
-- |
|
Other Consumable spares- imported |
-- |
-- |
|
Indigenous |
-- |
-- |
|
Sub Total
(Inventory) |
0.000 |
0.000 |
|
|
|
|
|
Advances to Suppliers |
8.537 |
34.475 |
|
|
|
|
|
Advance payment of tax |
2.190 |
2.000 |
|
|
|
|
|
Other current assets |
|
|
|
TOTAL CURRENT
ASSETS |
59.102 |
106.587 |
|
|
|
|
|
Fixed Assets |
|
|
|
Gross Block |
34.456 |
396.027 |
|
Less: Accumulated Depreciation |
2.426 |
8.122 |
|
Net Block |
32.030 |
387.905 |
|
|
|
|
|
Capital Work in Progress |
-- |
-- |
|
|
|
|
|
Non- Current
Assets |
-- |
-- |
|
|
|
|
|
Investment/ Book
Debts/ Advances/ Deposits (Which are not current Assets) |
-- |
-- |
|
|
|
|
|
Investments in Group Concern |
-- |
-- |
|
Loans to group concerns/ Advances to subsidiaries |
-- |
-- |
|
Investments in others |
-- |
-- |
|
Advances to suppliers of capital goods and contractors |
-- |
-- |
|
Deferred receivables (maturity exceeding one year) |
-- |
-- |
|
Debtors > 6 Months |
-- |
-- |
|
Others (Loans and Advances non current in nature, ICD’s etc.) |
-- |
-- |
|
|
|
|
|
Deferred Tax
Assets |
-- |
-- |
|
|
|
|
|
Other
Non-Current Assets (Including Dues from Directors) |
-- |
-- |
|
|
|
|
|
TOTAL NON
CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible
Assets: Goodwill, Patents and Trademarks |
31.427 |
29.856 |
|
Accumulated losses, preliminary expenses, miscellaneous expenditure
not w/ off, other deferred revenue expenses |
0.000 |
0.000 |
|
TOTAL ASSETS |
122.559 |
524.348 |
|
TANGIBLE NETWORTH |
51.851 |
84.867 |
|
|
|
|
|
ADDITIONAL
INFORMATION |
|
|
|
Arrears of
depreciation |
|
|
|
Total Contingent
Liabilities |
0.000 |
0.000 |
|
Arrears of cumulative dividends |
-- |
-- |
|
Guarantees issued (relating to
business) |
-- |
-- |
|
Guarantees issued (for group companies) |
-- |
-- |
|
Gratuity Liability not provided for |
-- |
-- |
|
Disputed excise/ customs/ tax liabilities |
-- |
-- |
|
All other contingent liabilities (Including bills purchased – Under
LC) |
-- |
-- |
-----------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
|
Address: |
Flat No. 1102 ‘ORCHID’- Dosti Acre, Off |
|
|
|
|
Owner |
Mr. Madhav G. Rajadhyaksha and others |
|
|
|
|
Location: |
The above Residential premises is situated at a distance about 1.5 km
from Wadala Railway Station in a newly developed residential area off Club House, Jogging Track, Swimming Pool, Garden and Shopping
facilities are within the complex. |
|
|
|
|
Title |
The above premises forms part of Orchid, Dosti Acre Co-Operative Housing
Society (Proposed) and is built upon free hold land bearing survey No. 2/53,
355, 1/335, 1/336, 3/336 and 354(PT) of Maturnga Division and C.S. No. 2/116l
of Salt Pan Division lying, being and situated off Shaikh Mistri Road, Antop
Hill, Registration District Mumbai City. Title not verified. To be checked by Advocate. |
|
|
|
|
Maintenance |
Rs. 18250 per month collected by builders as society is yet to be
formed |
|
|
|
|
Year of Construction |
2007-2008, Balance life 62 years. Directly purchased form Builders
vied Agreement dated 22nd March 2007. There are number of
buildings in the complex. |
|
|
|
|
Type of construction |
The above residential premises is situated on eleventh floor of building
having stilt, parking and fifteen upper storey’s and consist of three
bedrooms, hall and kitchen. The building is R.C.C. framed structure having beams and columns
resting on R.C.C. Footings. The ceiling is R.C.C. slab supplemented with
P.O.P false ceiling throughout. The flooring is covered with Marbonite Tiles. The door are teak
wood frames with flush shutter, covered with sun-mica. The windows are full
length Anodized Aluminium sliding of shutters set in granite frame. Two
attached and one independed bathroom toilet walls are covered with glazed
tiles and provided with expensive bathroom and toilet fittings with conceals
plumbing kitchen is having granite platform. All the rooms, Hall, Dining and Kitchen are having built in future
mostly covered with Sun-Mica on both sides, with the help of Interior
Decorator. Electric wiring is carried out with the help of P.V.C. coated copper
wire in concealed system and wired for power lighting T.V. and Telephone
outlets with M.C.B. Switchboards. Building is having Two high speed Electric Lifts. |
|
|
|
|
Area: |
885 sq.ft. (Carpet) = 1150 sq.ft. (B.U.) |
|
|
|
|
Estimated Market Value: |
Taking all factors into consideration, demand in this area and Market enquires,
they estimate Fair Market Value of the above Residential Premises with one
parking space each in stilt and parking floor as below: i)
Flat 1150 sq.ft @ Rs. 17500/- = Rs. 20.125
Millions ii)
1 Car Parking – Stilt = Rs. 1.000 Million iii)
1 Car Parking – Parking Floor = Rs. 1.500
Millions Total:
Rs. 22.625 Millions |
|
|
|
|
Distress Sales Value |
D.S.V. = 8% of Market Value = 0.8 X Rs. 22.625
Millions = Rs. 18.096 Millions |
-------------------------------------------------------------------------------------------------------------------------
Trade References:
- Deepan Parikh
and Company
Address: B 101, Shanti Niwas, HFS, Road No.
5, Natwar Nagar, Jogeshwari (East), Mumbai-400060,
Contact Person: Mr. Deepan Parikh –
91-9820440991
- Sanjay Sangani and Company
Address: 2,
Contact Person:
Mr. Sanjay Sangani – 91-9821464101
Note:
The Registered office of the company has been
shifted from 301, Laxmi Gopal, Hatiskar Marg, Prabhadevi, Mumbai-400025,
Maharashtra, India to A/1002, Chaitanya Towers, Abasaheb Marathe Marg,
Prabhadevi, Mumbai-400025, Maharashtra India w.e.f. 01.06.2009. The Registered
office has again shifted from /1002,
Fixed Assets:
- Air Conditioner
- Computer
- Furniture and Fixture
- Mobile Phone
- Office Equipments
- Projector
- Website Design
- Canon Fax Machine
- Card scanner
- Electrical Fittings
- EPBAX/ Card/ Expansion
- Telephone
- Computer Software
- Sony Recorder
- Television
- Water Geyser.
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 records 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.44.33 |
|
|
1 |
Rs.70.74 |
|
Euro |
1 |
Rs.63.65 |
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.