MIRA INFORM REPORT

 

 

Report Date :

10.02.2012

 

IDENTIFICATION DETAILS

 

Name :

AJAY DEEP NEW TOWN DEVELOPERS PRIVATE LIMITED (w.e.f. 20.12.1989)

 

 

Formerly Known As :

HARUN HOTELS PRIVATE LIMITED

 

 

Registered Office :

407, Akshay Deep Plaza, 9, Town Centre, CIDCO, Aurangabad – 431 003, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

27.11.1981

 

 

Com. Reg. No.:

11-025714

 

 

Capital Investment / Paid-up Capital :

Rs.10.000 millions

 

 

CIN No.:

[Company Identification No.]

U99999MH1981PTC025714

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Construction Activity

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (44)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 126000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track. Trade relations are reported as 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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

LOCATIONS

 

Registered Office :

407, Akshay Deep Plaza, 9, Town Centre, CIDCO, Aurangabad – 431 003, Maharashtra, India

Tel. No.:

91-240-2484875

Fax No.:

91-240-2484853

E-Mail :

adntoff@rediffmail.com

 

 

Site Office :

Court Naka, Police Line, Next to Central Maidan, Thane – 400 601, Maharashtra, India  

 

 

DIRECTORS

 

As on 29.09.2011

 

Name :

Mr. Ajit Laxmanbhai Patel

Designation :

Chairman cum Managing Director

Address :

30, Palash, C-3, Town Centre, CIDCO, Aurangabad – 431 003, Maharashtra, India

Date of Birth/Age :

16.02.1956

Date of Appointment :

29.09.2005

DIN No.:

00208197

Other Directorship :

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Date of cessation

Company Status

Defaulting status

1

U45201MH1985PTC098821

Ajay-Deep Construction Private Limited

Director

29-10-85

29-10-85

09-06-07

Active

NO

2

U99999MH1981PTC025714

Ajay Deep New Town Developers Private Limited

Managing director

29-09-05

29-09-05

-

Active

NO

3

U45201MH2006PTC164745

Priyheer Infrastructures Private Limited

Managing director

09-11-06

09-11-06

-

Active

NO

4

U45209MH2011PTC219932

Yash Infocity and Infra Private Limited

Director

19-07-11

19-07-11

-

Active

NO

 

 

Name :

Mrs. Pratibha Ajit Patel

Designation :

Whole Time Director

Address :

30, Palash, C-3, Town Centre, CIDCO, Aurangabad – 431 003, Maharashtra, India

Date of Birth/Age :

07.12.1958

Date of Appointment :

11.01.2006

DIN No.:

00959545

Other Directorship :

 

S.No.

CIN

Name of the Company

Current designation of the director

Date of appointment at current designation

Original date of appointment

Company Status

Defaulting status

1

U99999MH1981PTC025714

Ajay Deep New Town Developers Private Limited

Director

11-01-06

11-01-06

Active

NO

2

U45201MH2006PTC164745

Priyheer Infrastructures Private Limited

Whole-time director

20-02-08

20-02-08

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 29.09.2011

 

Names of Shareholders

 

 

No. of Shares

Ajit Laxmanbhai Patel

 

80000

Ajit Laxmanbhai Patel (HUF)

 

3350

Pratibha Ajit Patel

 

3330

Priyank Ajit Patel

 

6659

Jaimin Laxman Patel

 

6659

Laxmanbhai Mohan Patel

 

1

Jayaben Laxman Patel

 

1

Total

 

100000

 

As on 29.09.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Construction Activity

 

 

 

 

GENERAL INFORMATION

 

Suppliers :

v      Kundali Computers

v      Namrata Electricals

v      Ravikiran Const.- POL. HSG. Amravati

v      Ravikiran Const.- Boys Hostel Amrvati

v      Ravikiran Const.- Block-1 APMC Jalna

v      Ravikiran A.K. Business Center- APMC Jalna

v      Shree Ram Construction

v      Manmandir Motels and Travels P.L.

v      Gopal Navandar

v      V.P. Shinde and Company

v      Pratibha Developers

v      Choice Alluminium and Hardware

v      Laxmi Creamics and Hardware

 

 

Customers :

v      Ajay Deep Construction Private Limited

v      APMC Commercial Build. Block-1 Jalna

v      APMC A.K. Business Center Jalna

v      Mediator and Ajanta Security P.L.

v      POL HSG. Thane

v      Sunil Construction

v      Ravikiran Cons. – Exc. Work 

 

 

No. of Employees :

Not Available

 

 

Bankers :

v      ICICI Bank Limited, 870/1, Suma House, II Floor, Bhandarkar Road, Bhandarkar Road, Pune – 411 005, Maharashtra, India

v      Bombay Mercantile Co-Operative Bank Limited, CIDCO Branch, N-3, CIDCO, Aurangabad – 431 003, Maharashtra, India

v      State Bank of India, Thane

v      State Bank of Hyderabad

v      Bank of Baroda, Amravati

 

 

Facilities :

Secured Loans

31.03.2011

Rs. In Millions

31.03.2010

Rs. In Millions

BMC Bank Cash Credit A/C

27.460

20.002

Loan-ICICI Bank (Accent Car)

0.000

0.095

Loan-SBI Bank - Car Loan

3.521

0.000

Loan-ICICI Bank (Skoda Octavia)

0.000

0.261

Loan-ICICI Bank (Hundai -120)

0.273

0.435

Project Loan - BMC Bank

11.200

11.200

SBI Thane

12.409

4.623

Total

54.863

36.616

 

Unsecured Loans

31.03.2011

Rs. In Millions

31.03.2010

Rs. In Millions

Jaimin A. Patel

1.193

2.345

Pfuyank A. Patel

3.343

3.050

Ajit L. Patel

20.836

16.713

Ajit L. Patel (HUF)

4.586

4.451

Laxmanbhai M. Patel

1.996

2.203

Jayaben L. Patel

2.295

2.094

Pratibha A. Patel

2.602

1.964

Pratibha Developers

0.888

0.000

Total

37.739

32.820

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Gopal Navndar and Company

Chartered Accountants

Address :

327, 305, 306, Akshaydeep Town Centre, CIDCO, Aurangabad – 431 005, Maharashtra, India

PAN No.:

AARPN5271D

 

 

CAPITAL STRUCTURE

 

As on 29.09.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs.100/- each

Rs.10.000 millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs.100/- each

Rs.10.000 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

10.000

10.000

10.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

21.456

16.942

15.062

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

31.456

26.942

25.062

LOAN FUNDS

 

 

 

1] Secured Loans

54.863

36.616

31.102

2] Unsecured Loans

37.739

32.820

28.277

TOTAL BORROWING

92.602

69.436

59.379

DEFERRED TAX LIABILITIES

0.260

0.352

0.494

 

 

 

 

TOTAL

124.318

96.730

84.935

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

10.214

8.394

9.571

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

1.113

1.113

0.750

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
40.257

35.831

20.225

 

Sundry Debtors
53.992

26.273

27.235