MIRA INFORM REPORT
|
Report Date : |
14.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ANJ TURNKEY PROJECTS PRIVATE LIMITED
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Registered
Office : |
106/107, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali (West),
Mumbai – 400067, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
29.04.2008 |
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Com. Reg. No.: |
181752 |
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Capital
Investment / Paid-up Capital : |
Rs.0.200 Million |
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CIN No.: [Company Identification
No.] |
U74210MH2008PTC181752 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA32893A |
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PAN No.: [Permanent Account No.] |
AAHCA0115C |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Execution of Work Contract for Interior Work |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 95000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track records.
Trade relations are fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered normal for business dealings at usual
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered/ Corporate Office : |
106/107, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
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Tel. No.: |
91-22-65127101/ 02 |
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Fax No.: |
91-22-28671271 |
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E-Mail : |
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Website : |
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Factory 1: |
112 D, Govt Industrial Estate, Charkop, Kandivli West,
Mumbai – 400067, Maharashtra, India |
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Tel No.: |
91-22-28681737 |
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Factory 2: |
13 AB, Govt Industrial Estate, Charkop, Kandivli West,
Mumbai – 400067, Maharashtra, India |
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Display Center : |
411, Janki Centre , Jeevan Nagar, Off Veera Desai Road,
Andheri West, Mumbai 400053, Maharashtra, India |
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Tel No.: |
91-22-6741 7978 |
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Branch Office : |
Located at: · Bangalore · Chennai · Pune · Hyderabad |
DIRECTORS
|
Name : |
Mr. Ashok Kularia |
|
Designation : |
Director |
|
Address : |
C-501, Suresh Smruti Co-Operative Housing Society Limited, Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
07.01.1983 |
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Name : |
Mr. Magharam C. Kularia |
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Designation : |
Director |
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Address : |
C-704, Suresh Smruti Co-Operative Housing Society Limited, Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
01.04.1952 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 31.03.2010)
|
Names of Shareholders |
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No. of Shares |
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Ashok Kularia |
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10000 |
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Magharam C. Kularia |
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10000 |
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Total |
|
20000 |
BUSINESS DETAILS
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Line of Business : |
Execution of Work Contract for Interior Work |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
· Standard Chartered Bank SME Credit, 23-25, M G Road, Fort, Mumbai – 400001, Maharashtra, India
· Corporation Bank |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Uday M. Shah Chartered Accountant |
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Address : |
A/14, Santoshi Ma Nagar, # 2, L T Road, Borivali (West), Mumbai –
400092, Maharashtra, India |
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Tel No.: |
91-22-28903482 |
CAPITAL STRUCTURE
(AS ON 31.03.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
100000 |
Equity Share |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
20000 |
Equity Share |
Rs.10/- each |
Rs.0.200
Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
0.200 |
0.200 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
23.576 |
2.295 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
23.776 |
2.495 |
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LOAN FUNDS |
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|
1] Secured Loans |
|
0.000 |
0.000 |
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2] Unsecured Loans |
|
15.518 |
0.082 |
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TOTAL BORROWING |
|
15.518 |
0.082 |
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
|
39.294 |
2.577 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
0.010 |
0.000 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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INVESTMENT |
|
6.967 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
40.450 |
0.445 |
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Sundry Debtors |
|
66.527 |
17.575 |
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Cash & Bank Balances |
|
23.531 |
4.011 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
11.808 |
1.865 |
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Total
Current Assets |
|
142.316 |
23.896 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
|
101.929 |
20.309 |
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Other Current Liabilities |
|
7.060 |
0.000 |
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Provisions |
|
1.035 |
1.043 |
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Total
Current Liabilities |
|
110.024 |
21.352 |
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Net Current Assets |
|
32.292 |
2.544 |
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MISCELLANEOUS EXPENSES |
|
0.025 |
0.033 |
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TOTAL |
|
39.294 |
2.577 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
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SALES |
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TOTAL INCOME |
|
324.986 |
51.216 |
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Less |
EXPENSES |
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Direct Expenses |
|
272.669 |
42.181 |
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Selling and Administrative Expenses |
|
31.037 |
5.697 |
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TOTAL |
|
303.706 |
47.878 |
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PROFIT BEFORE TA |
|
21.280 |
3.338 |
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Less |
TAX |
|
0.000 |
1.043 |
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PROFIT AFTER TAX
|
|
21.280 |
2.295 |
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KEY RATIOS
|
PARTICULARS |
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|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
6.55 |
4.48 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
14.95 |
13.97 |
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Return on Investment (ROI) (PBT/Networth) |
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|
0.90 |
1.34 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
5.28 |
8.59 |
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Current Ratio (Current Asset/Current Liability) |
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|
1.29 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U74210MH2008PTC181752 |
|
Name of the
company |
ANJ TURNKEY PROJECTS PRIVATE LIMITED
|
|
Address of the registered
office or of the principal place of
business in |
106/107, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali
(West), Mumbai – 400067, Maharashtra, India |
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
· Standard Chartered Bank SME Credit, 23-25, M G Road, Fort, Mumbai – 400001, Maharashtra, India |
|
Nature of description
of the instrument creating or modifying the charge |
Hypothecation
Agreement |
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Date of
instrument Creating the charge |
08.05.2009 |
|
Amount secured by
the charge |
Rs.60.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Credit Facility Interests/
commission – As agreed by and with the bank from time to time. Terms of
Repayment As agreed by and with
the bank from time to time. Margin As applicable, if
any Extent and
Operation of the charge The Bank is
having first charge on the security given by the company. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge on: a] All the stock in trade present and future
consisting of raw materials, finished goods, goods in process of
manufacturing and other merchandise. B] All the present and future book
debts, outstanding money receivables, claims and bills C] All the movable
fixed assets. |
WEBSITE DETAILS:
MILESTONES
2008
Formation of ANJ Turkey Projects Private Limited.
2007
ANJ gets ISO 9000:2001 Certification.
2005
Formation of ANJ Enterprises.
2003
Setting up state-of-the-art facility with high-tech imported
machinery.
1994
Kularia Associates makes its foray into the civil and
interior contracting industry.
1975
Birth of a movement by Magharam Kularia.
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.44.59 |
|
|
1 |
Rs.71.07 |
|
Euro |
1 |
Rs.62.40 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.