|
Report Date : |
10.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRAKSHI INFRAESTATE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Village Gady Nandu Post -
Salemabad Kirrawala |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
05.03.2010 |
|
|
|
|
Com. Reg. No.: |
039777 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification No.] |
U31908UP2010PTC039777 |
|
|
|
|
TIN No.: |
09200115103 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCP3599R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Service Provider of Real Estate Services and
Related Work. |
|
|
|
|
No. of Employees
: |
270 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
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 : |
Recently commenced business activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated during March, 2010, it has
recently commenced its business activity during January, 2012. The subject company is engaged in the business of Providing Real Estate
Services and Related Works. Trade relations are reported as improving. Business is active. Payment
terms are unknown as the management has failed to file its financials with
the government department since its incorporation. The company can be considered for business dealings on a safe and
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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
|
Name : |
Mr. Mukesh Chand |
|
Designation : |
Director |
|
Contact No.: |
91-9212425744 |
|
Date : |
06.12.2012 |
LOCATIONS
|
Registered Office : |
Village Gady Nandu Post –
Salemabad Kirrawala Agra, Agra – 283122, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9212425744 (Mr. Mukesh Chand) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
28 Bigha (U.P.) |
|
Location : |
Owned |
|
|
|
|
Head/ Administrative Office : |
64-B, Avadhpuri Sahganj, Agra – 282002, Uttar Pradesh, India |
|
Area : |
1500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch/
Corporate Office : |
No. 82, Main Market, Sector-17 A, Gurgaon – 122001, Haryana, India |
|
Tel No.: |
91-124-2380858 |
|
Area : |
2600 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Site Address : |
Khasra No.209, Mauza Dehtora, Near Shastripuram, Agra – 282007, Uttar
Pradesh, India |
DIRECTORS
|
Name : |
Mr. Mukesh Chand |
|
Designation : |
Director |
|
Address : |
Village Gady Nandu Post –
Salemabad Kirrawala Agra, Agra – 283122, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.08.1985 |
|
Experience : |
11 years |
|
Date of Appointment : |
05.03.2010 |
|
PAN No.: |
AKHPC3824B |
|
DIN No.: |
02955381 |
|
|
|
|
Name : |
Mr. Satish Kumar |
|
Designation : |
Director |
|
Address : |
Village Gady Nandu Post –
Salemabad Kirrawala Agra, Agra, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.04.1965 |
|
Date of Appointment : |
05.03.2010 |
|
PAN No.: |
AQXPK0445A |
|
DIN No.: |
02955385 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 25.02.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mukesh Chand |
|
6000 |
|
Satish Kumar |
|
4000 |
|
|
|
|
|
Total |
|
10000 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Service Provider of Real Estate Services and Related Work. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
No. of Employees : |
270 (Approximately) |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Bankers : |
· Union Bank of India S.M.E., Gurgaon Branch, SCO-13, Sector-14, Gurgaon – 122001, Haryana,
Uttar Pradesh, India |
||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||
|
Facilities : |
Credit Limit: Rs.2.500 Millions (Secured Overdraft) From Union Bank of India
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.K. Dang and Associates Chartered Accountant |
|
Address : |
308, Apna Bazar, Gurgaon – 122001,
Haryana, India |
|
Mobile No.: |
91-9811564202 |
|
E-Mail : |
|
|
|
|
|
Associates/Subsidiaries : |
· Shri Krishna Computer Services Agra, Uttar Pradesh, India Proprietor: Mr. Mukesh Chand |
CAPITAL STRUCTURE
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.468 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.031) |
|
|
NETWORTH |
|
|
0.537 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
7.769 |
|
|
TOTAL BORROWING |
|
|
7.769 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.306 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.044 |
|
|
Other Current Assets |
|
|
10.412 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
10.456 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
2.175 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.005 |
|
Total
Current Liabilities |
|
|
2.180 |
|
|
Net Current Assets |
|
|
8.276 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.306 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.009 |
|
|
|
TOTAL |
|
|
0.009 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Conveyance Expenses |
|
|
0.016 |
|
|
|
Telephone Expenses |
|
|
0.009 |
|
|
|
Audit Fees |
|
|
0.005 |
|
|
|
Other Expenses |
|
|
0.010 |
|
|
|
TOTAL |
|
|
0.040 |
|
|
|
|
|
|
|
|
|
NET LOSS |
|
|
(0.031) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
(344.44) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.30) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
18.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
4.80 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one years |
Yes |
|
12] |
Profitability for last one years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if
available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
OBSERVATION
POINT
|
Name : |
Prakshi Infraestate
Private Limited |
|
|
|
|
Address: |
Shop No.82, Main
Market, Sector – 17-A, Gurgaon – 122001, Haryana, India |
|
Tel Nos.: |
91-124-2380858 |
|
|
|
|
Name Board: |
Sighted |
|
Visibility of
Name Board |
-- |
|
Locations |
Easy |
|
Landmark (if
any) |
Main Market |
|
Locality |
Office |
|
Approx. Market
Value of Premises |
-- |
|
Area |
Neutral |
|
Visibility of
Items |
· Fax · Computers · Office Equipment |
|
|
|
|
Furniture Items
Sighted |
Yes |
|
|
|
|
Office
Appearance |
Yes |
|
|
|
|
Sister Concern
(Other Name on Name Board) |
Shri Krishna
Computers Works and a Department Store |
|
|
|
|
Visiting card
provided as proof of visit |
Yes |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
Particulars |
2011-12 |
|
|
|
|
|
|
Income From Business or Profession |
|
(0.031) |
|
|
|
|
|
Profit as per Profit and Loss A/c |
(0.031) |
|
|
Total |
(0.031) |
|
|
|
|
|
|
Gross Total Income |
|
0.000 |
|
|
|
|
|
Total Income |
|
0.000 |
|
|
|
|
|
Round off u/s 288 A |
|
0.000 |
|
|
|
|
|
Calculation for MAT |
|
(0.031) |
|
Profit as per Part II and III |
(0.031) |
|
|
|
|
|
|
Tax Due |
0.000 |
|
|
Tax Payable |
0.000 |
|
------------------------------------------------------------------------------------------------------------------------------
COST OF PROJECT
(RS. IN MILLIONS)
|
Particulars |
Existing |
Proposed |
Total |
|
|
|
|
|
|
Land |
10.412 |
-- |
10.412 |
|
Site Development |
0.058 |
-- |
0.058 |
|
Building
Construction & WIP |
0.967 |
50.670 |
51.637 |
|
Interest on Loan
to be capitalised (For one years) |
-- |
1.094 |
1.094 |
|
Other Assets |
0.504 |
(0.504) |
0.000 |
|
|
|
|
|
|
Total |
11.941 |
51.260 |
63.201 |
MEANS OF
FINANCE
(RS. IN MILLIONS)
|
Particulars |
Existing As on 31/03/2012 |
Proposed |
Total |
|
|
|
|
|
|
Promoters Funds
Share Capital |
1.967 |
1.033 |
3.000 |
|
Unsecured Loan from
Shareholder/Directors (Interest Free) |
7.745 |
-- |
7.745 |
|
Term Loan |
-- |
20.000 |
20.000 |
|
Advance from
Customers |
2.175 |
30.227 |
32.402 |
|
Sundry Creditors |
0.054 |
-- |
0.054 |
|
|
|
|
|
|
Total |
11.941 |
51.260 |
63.201 |
------------------------------------------------------------------------------------------------------------------------------
INTEREST
& REPAYMENT OF TERM LOAN
(RS. IN MILLIONS)
|
Particulars |
|
Year 2013 |
Year 2014 |
Year 2015 |
Year 2016 |
|
|
|
|
|
|
|
|
Opening Balance |
|
0.000 |
12.500 |
17.500 |
2.500 |
|
Term Loan from
Bank |
|
12.500 |
7.500 |
0.000 |
0.000 |
|
Repayment |
|
0.000 |
2.500 |
15.000 |
2.500 |
|
Closing Balance
of Loan |
|
12.500 |
17.500 |
2.500 |
0.000 |
|
Interest on Loan
@ 15.00% |
15.00% |
1.094 |
2.813 |
1.500 |
0.188 |
|
Interest |
|
1.094 |
2.813 |
1.500 |
0.188 |
|
Interest Captialised |
1.094 |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
Year 2012 |
Year 2013 |
Year 2014 |
Year 2015 |
Year 2016 |
|
|
|
32.50% |
50.00% |
12.50% |
5.00% |
|
Sales |
0.000 |
26.384 |
40.590 |
10.148 |
4.059 |
|
Construction
Revenue |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Closing WIP |
11.475 |
7.120 |
1.000 |
0.500 |
0.000 |
|
Total A |
11.475 |
33.504 |
41.590 |
10.648 |
4.059 |
|
|
|
|
|
|
|
|
Opening WIP |
10.412 |
11.475 |
7.120 |
1.000 |
0.500 |
|
Cost of Land and
Development |
0.059 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Cost of
Construction |
0.967 |
18.263 |
27.278 |
5.129 |
0.000 |
|
Total Cost of
Construction |
11.437 |
29.738 |
34.398 |
6.129 |
0.500 |
|
|
|
|
|
|
|
|
Gross Profit |
0.038 |
3.766 |
7.192 |
4.518 |
3.559 |
|
|
|
|
|
|
|
|
Administration
& Selling Expenses |
0.038 |
0.528 |
0.812 |
0.203 |
0.081 |
|
Intt. On Loan |
0.000 |
1.094 |
2.813 |
1.500 |
0.188 |
|
Total B |
0.038 |
1.621 |
3.624 |
1.703 |
0.269 |
|
|
|
|
|
|
|
|
Profit Before
Tax A-B |
0.000 |
2.144 |
3.568 |
2.815 |
3.290 |
|
|
|
|
|
|
|
|
Provision for Tax
@ 33.99% |
0.000 |
0.729 |
1.213 |
0.957 |
1.118 |
|
|
|
|
|
|
|
|
NET PROFIT |
0.000 |
1.415 |
2.355 |
1.858 |
2.172 |
|
|
|
|
|
|
|
|
TOTAL PROFIT |
7.801 |
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
Year 2012 |
Year 2013 |
Year 2014 |
Year 2015 |
Year 2016 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share Capital |
1.967 |
3.000 |
3.000 |
3.000 |
3.000 |
|
|
|
|
|
|
|
|
Reserves & Surplus |
0.000 |
1.415 |
3.770 |
5.629 |
7.801 |
|
|
|
|
|
|
|
|
Term Loan |
0.000 |
12.500 |
16.670 |
3.350 |
0.000 |
|
|
|
|
|
|
|
|
Unsecured Loans |
7.746 |
7.746 |
7.746 |
7.746 |
2.746 |
|
|
|
|
|
|
|
|
Other Liabilities |
0.059 |
1.259 |
3.759 |
1.009 |
0.000 |
|
|
|
|
|
|
|
|
Advance From Customer |
2.175 |
0.000 |
0.830 |
1.325 |
2.175 |
|
|
|
|
|
|
|
|
TOTAL |
119.47 |
259.20 |
357.75 |
220.58 |
157.21 |
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Assets |
0.028 |
0.028 |
0.028 |
0.028 |
0.028 |
|
|
|
|
|
|
|
|
Work in Progress & Building Material |
11.475 |
7.120 |
1.000 |
0.500 |
0.000 |
|
|
|
|
|
|
|
|
Sundry Debtors |
0.000 |
12.844 |
13.655 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Current Assets |
0.072 |
0.082 |
11.582 |
12.582 |
12.582 |
|
|
|
|
|
|
|
|
Cash & Bank Balances |
0.260 |
5.734 |
9.398 |
8.836 |
2.999 |
|
|
|
|
|
|
|
|
Misc Assets |
0.112 |
0.112 |
0.112 |
0.112 |
0.112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
11.947 |
25.920 |
35.775 |
22.058 |
15.721 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED CASH FLOW
STATEMENT
(RS. IN MILLIONS)
|
Particulars |
Year 2012 |
Year 2013 |
Year 2014 |
Year 2015 |
Year 2016 |
|
Sources of Funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share Capital |
1.400 |
1.033 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Term Loan |
0.000 |
12.500 |
7.500 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Unsecured
Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Advance from Customer |
0.000 |
11.365 |
39.778 |
25.978 |
4.059 |
|
|
|
|
|
|
|
|
Other Liabilities |
0.054 |
1.200 |
2.500 |
0.500 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.454 |
26.098 |
49.778 |
26.478 |
4.059 |
|
|
|
|
|
|
|
|
Application of funds: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Land Development |
0.058 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Cost of Construction |
0.967 |
18.263 |
27.278 |
5.129 |
0.000 |
|
|
|
|
|
|
|
|
Interest on Term Loan |
0.000 |
1.094 |
2.813 |
1.500 |
0.188 |
|
|
|
|
|
|
|
|
Selling & Adiministration Expenses |
0.038 |
0.528 |
0.812 |
0.203 |
0.081 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
0.028 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Repayment of Term Loan |
0.000 |
0.000 |
2.500 |
15.000 |
2.500 |
|
|
|
|
|
|
|
|
Repayment of Unsecured Loans |
0.023 |
0.000 |
0.000 |
0.000 |
5.000 |
|
|
|
|
|
|
|
|
Repayment to Suppliers |
0.000 |
0.000 |
0.000 |
3.250 |
1.009 |
|
|
|
|
|
|
|
|
Non Current Assets |
0.072 |
0.010 |
11.500 |
1.000 |
0.000 |
|
|
|
|
|
|
|
|
Tax Paid |
0.000 |
0.729 |
1.213 |
0.957 |
1.118 |
|
|
|
|
|
|
|
|
Prelimiary Exp |
0.052 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.238 |
20.623 |
46.115 |
27.039 |
9.896 |
|
|
|
|
|
|
|
|
Opening Balance |
0.044 |
0.260 |
5.734 |
9.398 |
8.836 |
|
|
|
|
|
|
|
|
Surplus / (Deficit) |
0.216 |
5.474 |
3.663 |
(0.561) |
(5.837) |
|
|
|
|
|
|
|
|
Closing Balance |
0.260 |
5.734 |
9.398 |
8.836 |
2.999 |
------------------------------------------------------------------------------------------------------------------------------
DEBT SERVICE COVERAGE
RATIO (DSCR) ON CASH FLOW BASIS)
(RS. IN MILLIONS)
|
Particulars |
Year 2012 |
Year 2013 |
Year 2014 |
Year 2015 |
Year 2016 |
|
|
|
|
|
|
|
|
Sales Receipts |
0.000 |
11.365 |
39.778 |
25.978 |
4.059 |
|
Interest on Loan |
0.000 |
1.094 |
2.813 |
1.500 |
0.188 |
|
|
|
|
|
|
|
|
Total Cash Available |
|
|
|
|
|
|
For Loan Repayment (A) |
0.000 |
12.459 |
42.591 |
27.478 |
4.247 |
|
|
|
|
|
|
|
|
Repayment of Loan |
0.000 |
0.000 |
2.500 |
15.000 |
2.500 |
|
|
|
|
|
|
|
|
Interest on Loan |
0.000 |
1.094 |
2.813 |
1.500 |
0.188 |
|
|
|
|
|
|
|
|
Total Liability of Loan (B) |
0.000 |
1.094 |
5.313 |
16.500 |
2.688 |
|
|
|
|
|
|
|
|
D.S.C.R. (A/B) |
|
11.39 |
8.02 |
1.67 |
1.58 |
|
|
|
|
|
|
|
|
Average DSCR |
|
5.66 |
|
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(MR. MUKESH CHAND)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
A. IMMOVABLE
PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchase Cost |
Present Value |
|
|
|
|
|
|
|
|
|
Agri. Land |
Mukesh Chand |
7 Acres |
Freehold |
Kirrawala Agra |
Rs.0.150 Million |
Rs.0.265 Million |
|
|
|
|
|
|
|
|
|
B. MOVABLE
PROPERTY |
Rs.0.023 Million
|
SHARES/
DEBENTURES/ MUTUAL FUND ETC.
|
Name of Company
and Branch |
No of Shares |
|
|
|
|
Union KBC |
32500 |
|
Prakshi Infrestate Private Limited |
6000 |
VEHICLES
|
Type of Vehicles
|
Registration No. |
Model |
Year of Make |
Cot at the time
of Purchases |
Present Value |
|
|
|
|
|
|
|
|
Scorpio |
HR26BR0162 |
2012-SLE |
2012 |
Rs.1.200 Million |
Rs.1.200 Million |
|
Eigo BYI |
HQ26B43624 |
2010-BYI |
2012 |
Rs.1.200 Million |
Rs.1.200 Million |
|
|
|
|
|
|
|
JEWELLERY
|
Particulate |
Valuation
(Approx.) |
|
|
|
|
Gold |
0.400 |
|
Silver |
0.200 |
|
Capital Invested
in Business – Name of Firm/ Company |
Amount |
|
Krishna Computers Services |
Rs.2.760
Millions |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Repayment Term |
Outstanding Balance |
|
|
|
|
|
|
|
Mukesh Chand |
UBI – Gurgaon |
Rs.2.500 Millions |
Running |
Rs.2.500 millions |
|
|
|
|
|
|
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
(MR. SATISH KUMAR)
(RS.
IN MILLIONS)
DETAILS
OF ASSETS
A. IMMOVABLE
PROPERTY
|
Assets |
Own/ Joint Name |
Area |
Freehold or
Leasehold |
Location/
Address |
Purchase Cost |
Present Value |
|
|
|
|
|
|
|
|
|
Non Agri. Land |
Satish Kumar |
5 Acres |
Freehold |
Kirrawala Agra |
Rs.06.000 Millions |
Rs.28.000 Millions |
VEHICLES
|
Type of Vehicles
|
Registration No. |
Model |
Year of Make |
Cot at the time
of Purchases |
Present Value |
|
|
|
|
|
|
|
|
Swift VO2 |
HR26BK0267 |
2010-NDL |
2010 |
Rs.0.630 Million |
Rs.0.503 Million |
|
Weganer LPI |
HQ26AW0858 |
2009-L&T |
2009 |
Rs.0.425 Million |
Rs.0.260 Million |
|
|
|
|
|
|
|
JEWELLERY
|
Particulate |
Valuation
(Approx.) |
|
|
|
|
Gold |
0.300 |
|
Silver |
0.025 |
|
Capital Invested
in Business – Name of Firm/ Company |
Rs.3.303
Millions |
DETAILS OF LIABILITIES
BORROWER
|
Borrowed From |
Purpose of Loan |
Amount of Loan |
Repayment Term |
Outstanding Balance |
|
|
|
|
|
|
|
Satish Kumar |
Car |
Rs.0.400 Million |
UBI Gurgaon |
Rs.3.400 millions |
|
Satish Kumar |
LAP |
Rs.3.500 Millions |
------------------------------------------------------------------------------------------------------------------------------
VALUATION
REPORT
Valuation report of
prop situated at KH No.209, Prakshi Enclave, Mauza Dehtora, Agra
|
Fair Market Value |
R.26.600 Millions |
------------------------------------------------------------------------------------------------------------------------------
FORM 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U31908UP2010PTC039777 |
|
Name of the
company |
PRAKSHI
INFRAESTATE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Vill Gady Nandu
Post- Salemabad Kirrawala Agra, Agra – 283122, Uttar Pradesh, India |
|
Type of charge |
Others: Corporate
Guarantee |
|
Particular of
charge holder |
Union Bank of
India S.M.E., Gurgaon
Branch, SCO-13, Sector-14, Gurgaon – 122001, Haryana, India |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of Guarantee |
|
Date of
instrument Creating the charge |
24.10.2011 |
|
Amount secured by
the charge |
Rs.2.500 Millions
|
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest N.A. Terms of
Repayment N.A. Margin N.A. Extent and
Operation of the charge 100 percent. Others The said charge
is to collaterally secure various credit facilities aggregating to Rs.2.500
Millions granted by the bank to Mr. Mukseh Chand and Mrs. Omvati. |
|
Short particulars
of the property charged |
Corporate
guarantee given by the company in favour of the bank, for bank having granted
various credit facilities aggregating to Rs.2.500 Millions to Mr. Mukseh
Chand and Mrs. Omvati. |
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 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.54.20 |
|
|
1 |
Rs.86.99 |
|
Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
13 |
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.