|
Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
ANERI CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 288-289, Ichhapore GIDC, Opposite ITI, Post Bhatpore,
Surat-394510, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.05.2008 |
|
|
|
|
Com. Reg. No.: |
04-053786 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201GJ2008PTC053786 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA03639G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is Contractor of Gas Pipeline. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. It has
recorded a better increase in its sales turnover and profitability during 2011.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 1B |
|
Rating Explanation |
Highest performance capability and moderate financial strength. |
|
Date |
14.11.2011 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Inder |
|
Designation : |
Assistant Finance Manager |
|
Contact No.: |
91-261-2841042 |
|
Date : |
10.08.2012 |
LOCATIONS
|
Registered / Head Office : |
Plot No. 288-289, Ichhapore GIDC, Opposite ITI, Post Bhatpore,
Surat-394510, Gujarat, India |
|
Tel. No.: |
91-261-2841042 / 2840511 |
|
Fax No.: |
91-261-2840568 |
|
E-Mail : |
ketan.patel@anericonstruction.com
sukruta.deputy@anericonstruction.com
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located At: ·
Ankleshwar ·
Ahmedabad ·
Lucknow ·
Faridabad ·
Mathura ·
Rajkot |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Bharatbhai Maganbhai Patel |
|
Designation : |
Director |
|
Address : |
2, Nirav Apartments, Kailash Nagar Society, Ghod Dod Road,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
10.06.1963 |
|
Date of Appointment : |
05.05.2008 |
|
Din No.: |
02118492 |
|
|
|
|
Name : |
Mrs. Sanjivani Bharatbhai Patel |
|
Designation : |
Director |
|
Address : |
2, Nirav Apartments, Kailash Nagar Society, Ghod Dod Road,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
31.07.1971 |
|
Date of Appointment : |
05.05.2008 |
|
Din No.: |
02118524 |
|
|
|
|
Name : |
Mr. Sukrut Amritbhai Deputy |
|
Designation : |
Director |
|
Address : |
691, P.C. Street, Bhimpore, Po-Dumas, Surat-394550, Gujarat, India |
|
Date of Birth/Age : |
27.06.1980 |
|
Date of Appointment : |
12.04.2010 |
|
Din No.: |
02951017 |
|
|
|
|
Name : |
Mr. Harshidbhai Dhirajbhai Patel |
|
Designation : |
Director |
|
Address : |
K.P. Street, Bhimpore, Dumas, Surat-394550, Gujarat, India |
|
Date of Birth/Age : |
26.02.1964 |
|
Date of Appointment : |
12.04.2010 |
|
Din No.: |
02951052 |
|
Voter ID No.: |
CTL8544850 |
|
|
|
|
Name : |
Mr. Ketanbhai Maganbhai Patel |
|
Designation : |
Director |
|
Address : |
Bhimpore, 71, Phoolbai Street, Ta. Choryasi, Surat-394550, Gujarat,
India |
|
Experience : |
24.07.1968 |
|
Date of Appointment : |
12.04.2010 |
|
Din No.: |
02951063 |
|
Voter ID No.: |
YMC0566760 |
|
|
|
|
Name : |
Mr. Sasikumar Keshav Nair |
|
Designation : |
Director |
|
Address : |
108, Arihant Park, Vikramnagar Society, Near Taj Hotel, Porle Point,
Athwalines, Surat-395007, Gujarat, India |
|
Experience : |
27.05.1942 |
|
Date of Appointment : |
12.04.2010 |
|
Din No.: |
02951077 |
KEY EXECUTIVES
|
Name : |
Mr. Inder |
|
Designation : |
Assistant Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Bharatbhai Maganbhai Patel |
|
10000 |
|
Sanjivani Bharatbhai Patel |
|
190000 |
|
|
|
|
|
Total |
|
200000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is Contractor of Gas Pipeline. |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Others [Builders] |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Central Bank of India, Ghod Dod Road Branch, Harmain Garden Apartment,
Bh. Municipal School, Surat-395007, Gujarat, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Purvin Y. Shah and Associates Chartered Accountants |
|
Address : |
201, Ishverkrupa Complex, Opposite Central Bank of India, Nanpura,
Surat-395001, Gujarat, India |
|
Tel. No.: |
91-261-2473045 |
|
Mobile No.: |
91-9825852045 |
|
Pan No.: |
AOTPS7674D |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.000 |
0.200 |
0.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
68.241 |
4.066 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
70.241 |
4.266 |
0.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
100.865 |
0.734 |
0.000 |
|
|
2] Unsecured Loans |
66.969 |
5.481 |
0.000 |
|
|
TOTAL BORROWING |
167.834 |
6.215 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
5.175 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
243.250 |
10.481 |
0.200 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
180.090 |
0.005 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
27.783
|
0.000 |
0.000 |
|
|
Sundry Debtors |
56.654
|
37.098 |
0.000 |
|
|
Cash & Bank Balances |
16.212
|
5.339 |
0.142 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
61.769
|
4.635 |
0.000 |
|
Total
Current Assets |
162.418
|
47.072 |
0.142 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
61.355
|
33.790 |
0.000 |
|
|
Other Current Liabilities |
29.422
|
1.036 |
0.003 |
|
|
Provisions |
8.519
|
1.825 |
0.000 |
|
Total
Current Liabilities |
99.296
|
36.651 |
0.003 |
|
|
Net Current Assets |
63.122
|
10.421 |
0.139 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.038 |
0.055 |
0.061 |
|
|
|
|
|
|
|
|
TOTAL |
243.250 |
10.481 |
0.200 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
395.270 |
97.990 |
|
|
|
Other Income |
|
1.501 |
0.096 |
|
|
|
TOTAL (A) |
|
396.771 |
98.086 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed |
|
45.014 |
0.247 |
|
|
|
Direct Expenses |
|
244.304 |
91.077 |
|
|
|
Administrative, Distribution and Selling Expenses |
|
46.113 |
0.289 |
|
|
|
TOTAL (B) |
|
335.431 |
91.613 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
61.340 |
6.473 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
11.165 |
0.581 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
50.175 |
5.892 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
11.283 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
38.892 |
5.892 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
13.035 |
1.826 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
25.857 |
4.066 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
25.857 |
4.066 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
129.29 |
203.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.52
|
4.15 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.84
|
6.01 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.35
|
12.52 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55
|
1.38 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.80
|
10.05 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.28 |
47.33 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
SUNDRY CREDITORS |
|
|
|
|
Due to micro, small
and medium scale enterprises |
0.000 |
0.000 |
0.000 |
|
Due to others |
61.355
|
33.790 |
0.000 |
|
Total |
61.355 |
33.790 |
0.000 |
|
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 |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
Yes |
|
12) Profitability for last two years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
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 |
Yes |
|
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 |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31) PAN
of Proprietor/Partner/Director, if available |
No |
|
32) Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33) Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
34) External Agency Rating, if available |
Yes |
NATURE OF OPERATION:
The principal activity of the company is lying
of long distance gas pipe lines and related civil engineering work.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10223940 |
|
Corporate
identity number of the company |
U45201GJ2008PTC053786 |
|
Name of the
company |
ANERI
CONSTRUCTION PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 288-289, Ichhapore GIDC, Opposite ITI, Post Bhatpore,
Surat-394510, Gujarat, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Central Bank of India, Ghod Dod Road Branch, Harmain Garden Apartment,
Bh. Municipal School, Surat-395007, Gujarat, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Instrument of
Extension relating to deposit of Title Deeds and Release deed of Memorandum
of deposit of title deeds |
|
Date of
instrument Creating the charge |
16.02.2012 |
|
Amount secured by
the charge |
Rs.140.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Basic Rate +3.5% Terms of
Repayment ODBD facility
repayable on demand Margin 40% for ODBD
facility 25% for Bank Guarantee Extent and
Operation of the charge Charge to secure
credit facilities granted |
|
Short particulars
of the property charged |
Hypothecation of
book debts as primary security 7 No. Hydrolic
Backhole Loader, 15 Escort Crane hydra 12 T Non Agricultural
land bearing R.S.No.12 and Block No. 14 Vill Althan Tal. Choryasi District.
Surat |
|
Date of latest
modification prior to the present modification |
13.05.2010 |
|
Particulars of
the present modification |
The amount of charge
increased to Rs.140.000 Millions on account of enhancement of ODBD limit form
Rs.30.000 Millions to 40.000 Millions ad Bank Guarantee Limit form Rs.45.000
Millions to Rs.100.000 Millions |
FIXED ASSETS:
·
Building
·
Work Shop Equipments
·
Computer
·
Software
·
Vehicles
·
Office Equipments
·
Electrical Installation
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.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
46 |
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.