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Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
MEET BUILDERS |
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|
|
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Registered
Office : |
"PRASANG",150
Feet Ring Road, Kalavad Road, Rajkot - 360 005, Gujarat |
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Country : |
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|
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Year of
Establishment : |
1993 |
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|
|
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Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Partnership concern with an unlimited liability of the partners |
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|
|
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Line of Business
: |
Construction Activities |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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Comments : |
Mr. Ashish Mehta, partner denied to disclose any information about the
concern. Therefore, the reports based on indirect sources of information. Payments
are unknown. Initially, concern 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 – 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 |
INFORMATION DECLINED BY
|
Name : |
Mr. Ashish Mehta |
|
Designation : |
Partner |
|
Contact No.: |
91-9909700200 |
|
Date : |
03.03.2012 |
LOCATIONS
|
Registered Office : |
"PRASANG",150 Feet Ring Road, Kalavad Road,
Rajkot - 360 005, Gujarat, India |
|
Tel. No.: |
91-281-2588770 / 2589416 |
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E-Mail : |
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|
Website : |
PARTNERS
|
Name : |
Mr. Ashish Mehta |
|
Designation : |
Partner |
NOTE: Other partners name not divulged
BUSINESS DETAILS
|
Line of Business : |
Construction Activities |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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|
|
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Bankers : |
Not Divulged |
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|
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Facilities : |
-- |
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|
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Banking
Relations : |
-- |
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Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
NOT DIVULGED
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
PROFILE:
Incepted in 1993 today, is a strong, multifaceted, multi-disciplinary and vibrant organization, committed to delighting their customers through innovation. They strive to achieve the highest degree of technical excellence while maintaining the finest standards of business practices in all their endeavours. It is this trait that has always attracted the most talented people to their company.
While they seek to bring in newness and fresh energy into the organization, we've never under-valued their old relationships. All the stakeholders who have been with them through their journey and those who keep joining the family are a standing testimony of their beliefs.
Such strong teamwork, dedication and sheer hard work have ensured that they have won a major industry award every year since the day they started.
PROJECTS:
KASTURI AVIRAY:
The first ever high-rise building of Rajkot which provides Car Parking facility at ground floor and first floor to substantiate one’s standard of living. Also comprises multipurpose hall, swimming pool, theatre, jogging track, gymnasium, volleyball court, pool table, tennis, library with internet along with the facility of lush green garden to amuse resident.
Kasturi Castle:
256 flats consists 2 bedrooms and 3 bedrooms placed at newly settled area of Rajkot - Ambika Township, with gorgeous garden to diminish strain.
Up-Coming Edifice:
Formation of 4 bedroom ultra-modern residential domicile where the will get the sensation of lavish living placed at aristocratic area - Panchvaty Society - Rajkot.
RECENTLY ACCOMPLISHED
EDIFICES:
KASTURI BANGALOW:
Indomitable society of Rajkot with 14 comfy bungalows with European style advancement, stunning garden and tenable covering wall.
Kasturi Residency:
Supreme Humanity of 275 houses with enormous Manor, concealed electrification and tenable covering wall.
CONCLUDED EDIFICES:
KASTURI APARTMENT:
An illustration of elite with lush green patch and wellbeing. Located at Panchvati Society, Rajkot.
Prashil Park:
Province’s first Humanity of 236 dwellings along with orchard and concreted road.
Prasang Hall:
Place to rejoice occurrence and rendezvous. The first ever integrated A.C. hall with 7 accommodations on 150 ft ring road.
Chitralekha
Apartment:
Pioneer creation with sumptuous blending of commercial and
residential high-rise configuration on 150 feet ring road comprises swimming
pool and fitness zone.
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.50.02 |
|
|
1 |
Rs.79.31 |
|
Euro |
1 |
Rs.66.02 |
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.