MIRA
INFORM REPORT
|
Report Date : |
24.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
AVJ DEVELOPERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-237, 1st Floor, (Back Side), Vivek Vihar, Phase-I,
Delhi-110095 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.06.2010 |
|
|
|
|
Com. Reg. No.: |
55-204465 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 12.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101DL2010PTC204465 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA26334A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA5751H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Real Estate Developers |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (21) |
|
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 : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company and yet to commence it’s
commercial activities. Payments are unknown. The company can be considered for business dealings with some
cautions. |
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 : |
D-237, 1st Floor, (Back Side), Vivek Vihar, Phase-I,
Delhi-110095, India |
|
Tel. No.: |
91-11-22162443 / 43053518 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Site Office : |
AVJ Heights, Plot No. GH-12/2, Greater Noida |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Vinay Jain |
|
Designation : |
Director |
|
Address : |
1731, Sohan Ganj, Gali Brahman Malkaganj, Delhi-110007, India |
|
Date of Birth/Age : |
10.10.1970 |
|
Date of Appointment : |
09.04.2008 |
|
DIN No.: |
00883664 |
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 |
U45200DL2006PTC155776 |
JAINEX HEIGHT
PROMOTERS PRIVATE LIMITED |
Director |
23-11-06 |
23-11-06 |
23-02-09 |
Active |
|
|
2 |
U45400DL2007PTC166137 |
JAINEX
DEVELOPERS PRIVATE LIMITED |
Director |
23-07-07 |
23-07-07 |
- |
Active |
NO |
|
3 |
U45400DL2008PTC176567 |
AVJ DEVELOPERS
PRIVATE LIMITED |
Director |
09-04-08 |
09-04-08 |
- |
Active |
NO |
|
4 |
U45400DL2007PTC170154 |
EXPERIENCE
PROMOTERS PRIVATE LIMITED. |
Director |
05-05-08 |
05-05-08 |
- |
Active |
NO |
|
5 |
U28113DL2009PTC197132 |
AVJ METAL
PRIVATE LIMITED |
Director |
18-12-09 |
18-12-09 |
- |
Active |
NO |
|
6 |
U70101DL2010PTC204465 |
AVJ DEVELOPERS
(INDIA) PRIVATE LIMITED |
Director |
22-06-10 |
22-06-10 |
- |
Active |
NO |
|
7 |
U70101DL2011PTC212639 |
AVJ PREMIUM
DEVELOPERS PRIVATE LIMITED |
Director |
15-01-11 |
15-01-11 |
- |
Active |
NO |
|
8 |
U70100DL2011PTC212963 |
AVJ BUILDCON
PRIVATE LIMITED |
Director |
21-01-11 |
21-01-11 |
- |
Active |
NO |
|
9 |
U70100DL2011PTC214812 |
PAM DEVELOPERS (INDIA)
PRIVATE LIMITED |
Director |
24-02-11 |
24-02-11 |
- |
Active |
NO |
|
10 |
U70100DL2011PTC214887 |
VPM CITY
DEVELOPERS (INDIA) PRIVATE LIMITED |
Director |
25-02-11 |
25-02-11 |
- |
Active |
NO |
|
11 |
U70100DL2011PTC217186 |
AVJ TOWER PRIVATE
LIMITED |
Director |
06-04-11 |
06-04-11 |
- |
Active |
NO |
|
12 |
U74140DL2011PTC220176 |
AVJ PRODUCTION
PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
- |
Active |
NO |
|
13 |
U70101DL2009PTC194603 |
STARCITY
BUILDCON PRIVATE LIMITED |
Director |
14-12-11 |
14-12-11 |
- |
Active |
NO |
|
Name : |
Ms. Asha Jain |
|
Designation : |
Director |
|
Address : |
1731, Sohan Ganj, Gali Brahman Malkaganj, Delhi-110007, India |
|
Date of Birth/Age : |
20.07.1972 |
|
Date of Appointment : |
09.04.2008 |
|
DIN No.: |
02077929 |
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 |
U45400DL2008PTC176567 |
AVJ
DEVELOPERS PRIVATE LIMITED |
Director |
09-04-08 |
09-04-08 |
Active |
NO |
|
2 |
U28113DL2009PTC197132 |
AVJ
METAL PRIVATE LIMITED |
Director |
18-12-09 |
18-12-09 |
Active |
NO |
|
3 |
U70101DL2010PTC204465 |
AVJ DEVELOPERS
(INDIA) PRIVATE LIMITED |
Director |
22-06-10 |
22-06-10 |
Active |
NO |
|
4 |
U74140DL2011PTC220176 |
AVJ
PRODUCTION PRIVATE LIMITED |
Director |
01-06-11 |
01-06-11 |
Active |
NO |
|
Name : |
Mr. Mukesh Aggarwal |
|
Designation : |
Additional Director |
|
Address : |
House No. 117, Ram Vihar Delhi-110092, India |
|
Date of Birth/Age : |
28.04.1962 |
|
Date of Appointment : |
14.10.2010 |
|
DIN No.: |
01953028 |
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 |
U45201DL2002PTC113870 |
A R
PLAZA PRIVATE LIMITED |
Director |
10-01-06 |
10-01-06 |
31-03-08 |
Active |
NO |
|
2 |
U45400DL2007PTC170154 |
EXPERIENCE
PROMOTERS PRIVATE LIMITED. |
Director |
05-05-08 |
05-05-08 |
- |
Active |
NO |
|
3 |
U45200DL2008PTC179127 |
SHIV
SHAKTI PROMOTERS PRIVATE LIMITED |
Director |
05-06-08 |
05-06-08 |
- |
Active |
NO |
|
4 |
U70101DL2010PTC204465 |
AVJ
DEVELOPERS (INDIA) PRIVATE LIMITED |
Additional
director |
15-10-10 |
14-10-10 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
AVJ Developers Private Limited, India |
1255500 |
|
Sam India Builtwell Private Limited, India |
2000 |
|
Mukesh Kumar Aggarwal |
2500 |
|
Total |
1260000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Bodies corporate |
99.80 |
|
Directors or relatives of Directors |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Developers |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Axis Bank Limited ·
Indian Bank ·
HDFC Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Praveen Sahni Chartered Accountant |
|
Address : |
1d, 1/17, Lalita Park, Laxmi Nagar, Delhi-110092, India |
|
Pan No.: |
AJTPS6204Q |
|
|
|
|
Related Party : |
·
AVJ Developers Private Limited ·
AVJ Metal Private Limited ·
Jainex Metal ·
Pam Developers (India) Private Limited ·
VPM City Developers (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1260000 |
Equity Shares |
Rs.10/- each |
Rs. 12.600
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.021) |
|
|
NETWORTH |
|
|
12.579 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
42.900 |
|
|
TOTAL BORROWING |
|
|
42.900 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.021 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.500 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.715 |
|
|
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 |
|
|
27.434 |
|
|
Other Current Assets |
|
|
731.455 |
|
|
Loans & Advances |
|
|
17.850 |
|
Total
Current Assets |
|
|
776.739 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
207.676 |
|
|
Other Current Liabilities |
|
|
124.239 |
|
|
Provisions |
|
|
391.106 |
|
Total
Current Liabilities |
|
|
723.021 |
|
|
Net Current Assets |
|
|
53.718 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.067 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
55.500 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
0.731 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
|
0.731 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
(0.731) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
(0.709) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
|
(0.022) |
|
%20PRIVATE%20LIMITED%20-%20169232%2024-Feb-2012_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(0.09) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
60.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1.07 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS AND
OUTLOOK
They witnessed and encouraging sport in demand across their new
projects, namely AVJ-Heights, with the Increasing Interest and demand for their
projects during the year. The Company quickly embarked upon consolidation with
accelerating the execution of its projects. The Company chose to focus on
improving recoveries, enhancing cash flow allocations and reducing the debt.
They are happy to note the impact of these initiatives on the recovery
mechanism of the company.
FIXED ASSETS
·
Computers
·
Equipments
·
Furniture and Fixtures
·
Office Equipments
WEBSITE DETAILS
Overview
With 'Best in World' lifestyles, unbounded
luxuries, convenient workplaces and everlasting pleasures, A.V.J. is
continuously creating infrastructure and environment that exceeds imagination
It is a privilege to be among the few people who have always endeavored to
provide life with long term benefits. Further, Avj will continue to strive for
precision and perfection in the way people live through all over projects and
thus provide complete customer satisfaction Avj have dared to see beyond the
obvious and thus they have successfully laid new foundations in client
satisfaction. Avj Group believes in enhancing life styles of people by
innovating focus, technology and techniques by delivering beautiful malls and
residential complexes give a new meaning to the way people carry their day to
day activities
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 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. 49.24 |
|
|
1 |
Rs. 77.18 |
|
Euro |
1 |
Rs. 65.29 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
21 |
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.