MIRA
INFORM REPORT
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Report Date : |
24.07.2012 |
IDENTIFICATION DETAILS
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Name : |
KHAMKAR CONSTRUCTIONS PRIVATE LIMITED |
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Registered
Office : |
Unit No.401,402,403,404,C-3 Building, Saudamini Complex, 4th
Floor, SN101/1, Bhusari Colony, Paud Road, Kothrud, Pune – 411038,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.05.2002 |
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Com. Reg. No.: |
11-016981 |
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Capital Investment
/ Paid-up Capital : |
Rs.1.500 Millions |
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CIN No.: [Company Identification
No.] |
U45202PN2002PTC016981 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK04835F / PNEK07542D |
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PAN No.: [Permanent Account No.] |
AACCK0876F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Construction Activity |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 220000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record.
Financially company is performing well. Trade relations are reported to be
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered for business dealing at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 : |
Ms. Mira |
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Designation : |
Accountant |
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Contact No.: |
91-20-41005600 |
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Date : |
23.07.2012 |
LOCATIONS
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Registered Office : |
Unit No.401,402,403,404,C-3 Building, Saudamini Complex, 4th
Floor, SN101/1, Bhusari Colony, Paud Road, Kothrud, Pune – 411038,
Maharashtra, India |
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Tel. No.: |
91-20-41005600 |
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Fax No.: |
91-41005640 |
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E-Mail : |
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Website : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2011
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Name : |
Mr. Narendra Suryakant Khamkar |
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Designation : |
Director |
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Address : |
B-3/404, Kumar Parisar, Behind Gandhi Bhavan, Kothrud, Pune – 411029,
Maharashtra, India |
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Date of Birth/Age : |
08.08.1952 |
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Date of Appointment : |
13.05.2002 |
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DIN No.: |
00360551 |
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Name : |
Mr. Salil Narendra Khamkar |
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Designation : |
Director |
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Address : |
B-3/404, Kumar Parisar, Behind Gandhi Bhavan, Kothrud, Pune – 411029,
Maharashtra, India |
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Date of Birth/Age : |
02.09.1978 |
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Date of Appointment : |
13.05.2002 |
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DIN No.: |
00501968 |
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Name : |
Mrs. Hemlata Narendra Khamkar |
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Designation : |
Director |
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Address : |
B-3/404, Kumar Parisar, Behind Gandhi Bhavan, Kothrud, Pune – 411029,
Maharashtra, India |
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Date of Birth/Age : |
14.07.1953 |
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Date of Appointment : |
13.05.2002 |
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DIN No.: |
00360389 |
KEY EXECUTIVES
|
Name : |
Ms. Mira |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names of Shareholders |
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No. of Shares |
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Narendra Khamkar jointly with Hemlata Khamkar |
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6749 |
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Hemlata Khamkar jointly with Narendra Khamkar |
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2250 |
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Salil Khamkar jointly with Meghana Khamkar |
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3750 |
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Ketaki Deshmukh |
|
1500 |
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Deepa Mekal jointly with Pallavi Puntamberk jointly with Parulkher |
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1 |
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Deepa Mekal jointly with Sudhir Mekal |
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300 |
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Subhash-Dhatonde jointly with Rekha Dhatonde |
|
300 |
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Sukhadeo Bndre jointly with Kalpana Bondre |
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150 |
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Total |
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15000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
95.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Construction Activity |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
GENERAL INFORMATION
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Customers : |
Industrial |
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No. of Employees : |
Not Available |
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Bankers : |
· Axis Bank Limited, 1262/B, Sterling Plaza, Jangli Maharaj Road, Decca,, Pune - 411004, Maharashtra, India · Bank of Maharashtra, Kothrud, Pune – 411038, Maharashtra, India · Kotak Mahindra Limited |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
G. K. Chandavarkar and Company Chartered Accountants |
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Address : |
B-5, Tejalkunj, Opposite Sargam Press, Off Karve Road, Kothrud, Pune –
411038, Maharashtra, India |
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Tel. No.: |
91-22-25449498 |
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E-Mail : |
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PAN.: |
AAUPC5628A |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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15000 |
Equity Shares |
Rs.100/-
each |
Rs.1.500
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
1.500 |
1.500 |
1.500 |
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2] Share Application Money |
0.500 |
0.000 |
0.000 |
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3] Reserves & Surplus |
53.310 |
41.842 |
37.245 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
55.310 |
43.342 |
38.745 |
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LOAN FUNDS |
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1] Secured Loans |
48.592 |
22.537 |
40.460 |
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2] Unsecured Loans |
6.799 |
2.099 |
1.414 |
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TOTAL BORROWING |
55.391 |
24.636 |
41.874 |
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DEFERRED TAX LIABILITIES |
1.069 |
0.899 |
0.801 |
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TOTAL |
111.770 |
68.877 |
81.420 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
31.434 |
29.481 |
31.432 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
21.055 |
14.882 |
14.177 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
95.610
|
41.404 |
30.712 |
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Sundry Debtors |
27.351
|
11.205 |
58.712 |
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Cash & Bank Balances |
1.589
|
(0.119) |
(6.054) |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
15.030
|
8.236 |
28.292 |
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Total
Current Assets |
139.580
|
60.726 |
111.662 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
44.797
|
20.548 |
24.765 |
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Other Current Liabilities |
25.812
|
11.388 |
43.615 |
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Provisions |
9.691
|
4.278 |
7.474 |
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Total
Current Liabilities |
80.300
|
36.214 |
75.854 |
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Net Current Assets |
59.280
|
24.512 |
35.808 |
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MISCELLANEOUS EXPENSES |
0.001 |
0.002 |
0.003 |
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TOTAL |
111.770 |
68.877 |
81.420 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
245.790 |
92.993 |
179.915 |
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Other Income |
55.911 |
12.398 |
19.587 |
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TOTAL (A) |
301.701 |
105.391 |
199.502 |
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Less |
EXPENSES |
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Administrative Expenses |
|
95.066 |
183.634 |
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Advertising Expenses |
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TOTAL (B) |
284.513 |
95.066 |
183.634 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
Including
Depreciation Expenses |
10.325 |
15.868 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.657 |
3.313 |
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PROFIT BEFORE
TAX (E-F) (G) |
17.188 |
6.668 |
12.555 |
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Less |
TAX (H) |
5.721 |
2.071 |
4.561 |
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PROFIT AFTER TAX
(G-H) (I) |
11.467 |
4.597 |
7.994 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.943 |
36.345 |
28.351 |
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BALANCE CARRIED
TO THE B/S |
22.410 |
10.943 |
36.345 |
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Earnings Per
Share (Rs.) |
764.47 |
306.47 |
532.94 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.80
|
4.36 |
4.01 |
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Net Profit Margin (PBT/Sales) |
(%) |
6.99
|
7.17 |
6.98 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.05
|
7.39 |
8.77 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.15 |
0.32 |
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Debt Equity Ratio (Total Liability/Networth) |
|
2.45
|
1.40 |
3.04 |
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Current Ratio (Current Asset/Current Liability) |
|
1.74
|
1.68 |
1.47 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors for Supplies and Expenses |
44.797
|
20.548 |
24.765 |
|
Total |
44.797
|
20.548 |
24.765 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
(Yes) |
|
2] |
Locality of the firm |
(Yes) |
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3] |
Constitutions of the firm |
(Yes) |
|
4] |
Premises details |
(No) |
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5] |
Type of Business |
(Yes) |
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6] |
Line of Business |
(Yes) |
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7] |
Promoter's background |
(Yes) |
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8] |
No. of employees |
(No) |
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9] |
Name of person contacted |
(Yes) |
|
10] |
Designation of contact person |
(Yes) |
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11] |
Turnover of firm for last three years |
(Yes) |
|
12] |
Profitability for last three years |
(Yes) |
|
13] |
Reasons for variation <> 20% |
---------------------- |
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14] |
Estimation for coming financial year |
(No) |
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15] |
Capital in the business |
(Yes) |
|
16] |
Details of sister concerns |
(No) |
|
17] |
Major suppliers |
(No) |
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18] |
Major customers |
(No) |
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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 Director, if available |
(No) |
|
32] |
Passport No of Director, if available |
(No) |
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33] |
Voter ID No of Director, if available |
(No) |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45202PN2002PTC016981 |
|
|
Name of the
company |
KHAMKAR
CONSTRUCTIONS PRIVATE LIMITED |
|
|
Address of the
registered office or of the principal place of business in |
Unit No.401,402,403,404,C-3 Building, Saudamini Complex, 4th
Floor, SN101/1, Bhusari Colony, Paud Road, Kothrud, Pune – 411038,
Maharashtra, India |
|
|
This form is for |
Creation of charge |
|
|
Type of charge |
· Book debts · Movable property (not being pledge) |
|
|
Particular of
charge holder |
Bank of Maharashtra, Kothrud, Pune – 411038, Maharashtra, India |
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|
Nature of
instrument creating charge |
Agreement of
hypothecation dated 19th May, 2012 |
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Date of
instrument Creating the charge |
19.05.2012 |
|
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Amount secured by
the charge |
Rs.3.200 Millions
|
|
|
Incorporation details, if applicable |
(Yes) |
|
|
29] |
Last accounts filed at ROC |
(Yes) |
|
30] |
Major Shareholders, if available |
(Yes) |
|
31] |
PAN of Director, if available |
(No) |
|
32] |
Passport No of Director, if available |
(No) |
|
33] |
Voter ID No of Director, if available |
(No) |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45202PN2002PTC016981 |
|
Name of the
company |
KHAMKAR
CONSTRUCTIONS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Unit No.401,402,403,404,C-3 Building, Saudamini Complex, 4th
Floor, SN101/1, Bhusari Colony, Paud Road, Kothrud, Pune – 411038,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of Maharashtra, Kothrud, Pune – 411038, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of
hypothecation dated 19th May, 2012 |
|
Date of
instrument Creating the charge |
19.05.2012 |
|
Amount secured by
the charge |
Rs.3.200 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest would be
calculated on the daily basis on the daily debit balances in the aforesaid
accounts from time to time with monthly/ quarterly rests Terms of Repayment Rs 90,000/- +
INTEREST Margin Minimum margin of
25% in favour of the bank between the amount outstanding under the loan
account. Extent and Operation of the charge First Charge. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First and
exclusive charge and security by way of hypothecation charge in favour of the
bank over the borrower's present and future movable plants, machineries,
goods, stocks of raw materials, items, inventories, stock in process, semi
finished and finished goods, stores and spares (consumable stores and
spares), stock in trade, goods in process, movables in transit, and present
and future tangible and intangible assets, vehicles, goodwill, trademark,
copyright, patent, and all the right title interest and benefit of the
borrower in upon or over all contracts and agreements and amounts and right
to collect receive and recover the
same together with all movables, situated or located at any place and now
lying, being, affixed or installed at any place at any time and all
outstanding monies. Claims,
bills, receivables, book debts due or to become due to the borrower/s at any
time or from time to time, and all of the borrower's rights, titles or
interest therein. |
Fixed Assets
·
Plant and Machinery
·
Furniture and Fixtures
·
Computer
·
Office Equipments
·
Vehicles
·
Office Premises
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.55.76 |
|
|
1 |
Rs.86.80 |
|
Euro |
1 |
Rs.67.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
SBA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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.