MIRA
INFORM REPORT
|
Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAGHUVEER URBAN CONSTRUCTIONS COMPANY PRIVATE LIMITED (w.e.f.
07.04.2010) |
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Formerly Known
As : |
RAGHUVEER URBAN INFRASTRUCTURE PRIVATE LIMITED |
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Registered
Office : |
Shree Ram Mills Premises, G. K. Marg, Lower Parel (West), Mumbai –
400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
13.11.2006 |
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Com. Reg. No.: |
11-165516 |
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Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
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CIN No.: [Company Identification
No.] |
U45201MH2006PTC165516 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
NUNR24348C |
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PAN No.: [Permanent Account No.] |
AADCR8737M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in the construction activity and Trading in
Steel. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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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.
INFORMATION DECLINED BY
Management Non Co-operative
LOCATIONS
|
Registered Office : |
Shree Ram Mills Premises, G. K. Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India |
|
Tel. No.: |
91-22-61404900 / 24932532 |
|
Fax No.: |
91-22-24928617 |
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E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Padmanabhaiah Jankiramiah Kantipudi |
|
Designation : |
Director |
|
Address : |
16, Lodhi Estate, New Delhi – 410003, India |
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Date of Birth/Age : |
06.10.1938 |
|
Date of Appointment : |
10.03.2010 |
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DIN No.: |
02970629 |
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Name : |
Mr. Shami Nagpal |
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Designation : |
Whole-time director |
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Address : |
301, Royal Accord, (6 Arara Jita), 13th and 14th
Road, Corner, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1955 |
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Date of Appointment : |
03.01.2009 |
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DIN No.: |
02460162 |
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Name : |
Mr. Anand Deo Sharda Prasad Ojha |
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Designation : |
Director |
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Address : |
003-A, Sai Prakash Co-Operative Housing Society Limited, Shanti Park
Village, Nilmore, Nalasopara (West), Thane – 401203, Maharashtra, India |
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Date of Birth/Age : |
04.04.1969 |
|
Date of Appointment : |
10.03.2010 |
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DIN No.: |
03010987 |
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Name : |
Mr. Lalit Mansukhlal Katariya |
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Designation : |
Director |
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Address : |
502, Floor 5, Shantikamal CHSL, K- ABA Road, Bawla Wadi, Chinchpokli,
Mumbai – 400012, Maharashtra, India |
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Date of Birth/Age : |
24.11.1977 |
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Date of Appointment : |
05.09.2009 |
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DIN No.: |
00839165 |
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Name : |
Mr. Kewal Krishan Madan |
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Designation : |
Director |
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Address : |
B-174, Lok Vihar, Pitampura, Delhi – 110034, India |
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Date of Birth/Age : |
14.12.1938 |
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Date of Appointment : |
02.06.2010 |
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DIN No.: |
03087261 |
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Name : |
Mr. Radheyshyam Dalchand Agarwal |
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Designation : |
Director |
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Address : |
A-102, Chaiatanya Towers, Near Karur Vysya Bank, Prabhadevi, Mumbai –
400025, Maharashtra, India |
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Date of Birth/Age : |
02.10.1942 |
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Date of Appointment : |
02.06.2010 |
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DIN No.: |
00012594 |
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Name : |
Mr. Joseph Phillip Colaco |
|
Designation : |
Director |
|
Address : |
3064, Reba, Houston Tx, US, 77019 |
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Date of Birth/Age : |
19.05.1940 |
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Date of Appointment : |
17.07.2010 |
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DIN No.: |
03148979 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Shreeram Urban Infrastructure Limited, India |
|
990000 |
|
Charming Realtors Private Limited, India |
|
370000 |
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Caring Builders Private Limited, India |
|
360000 |
|
Wholesome Developers Private Limited, India |
|
360000 |
|
Vidhi Holdings Private Limited, India |
|
470000 |
|
Determined Hospitality Private Limited, India |
|
360000 |
|
Imaginative Leisure Private Limited, India |
|
360000 |
|
Nurturing Traders Private Limited, India |
|
360000 |
|
Hamumesh Realtors Private Limited, India |
|
460000 |
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Mandakini Hospitality Private Limited, India |
|
450000 |
|
Yashaswini Leisure Private Limited, India |
|
460000 |
|
Total |
|
5000000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the construction activity and Trading in
Steel. |
GENERAL INFORMATION
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institutions : |
SREI Equipment
Finance Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata -
700046,West Bengal, India |
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Auditors : |
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|
Name : |
Malpani and Associates Chartered Accountants |
|
Address : |
307, Chartered House,
297-299, Dr. Cawasji Harmosji Street, Near Marine Lines Church, Mumbai - 400
002, Maharashtra, India |
|
PAN.: |
AADPM2684D |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000
Millions |
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|
|
|
|
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 |
50.000 |
50.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
75.611 |
30.180 |
3.215 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
125.611 |
80.180 |
13.215 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
160.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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|
TOTAL BORROWING |
160.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
285.611 |
80.180 |
13.215 |
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|
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|
|
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APPLICATION OF FUNDS |
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|
FIXED ASSETS [Net Block] |
1.452 |
0.518 |
0.000 |
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|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
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|
|
|
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|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.146 |
0.115 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
319.324
|
95.756 |
7.068 |
|
|
Sundry Debtors |
80.274
|
46.253 |
70.500 |
|
|
Cash & Bank Balances |
86.986
|
12.733 |
3.339 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
1879.678
|
528.712 |
48.776 |
|
Total
Current Assets |
2366.262
|
683.454 |
129.683 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
242.649 |
104.855 |
|
|
Other Current Liabilities |
2040.330
|
344.059 |
9.613 |
|
|
Provisions |
41.919
|
17.199 |
2.000 |
|
Total
Current Liabilities |
2082.249
|
603.907 |
116.468 |
|
|
Net Current Assets |
284.013
|
79.547 |
13.215 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
285.611 |
80.180 |
13.215 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1584.698 |
1143.020 |
127.022 |
|
|
|
Other Income |
1.418 |
1.807 |
0.019 |
|
|
|
TOTAL |
1586.116 |
1144.827 |
127.041 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
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|
Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
1516.216 |
1102.871 |
NA |
|
|
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|
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|
PROFIT BEFORE
TAX |
69.900 |
41.956 |
5.309 |
|
|
|
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|
|
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Less |
TAX |
24.469 |
14.884 |
2.076 |
|
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|
PROFIT AFTER TAX
|
45.431 |
27.072 |
3.233 |
|
|
|
|
|
|
|
|
|
Less |
Prior Period
Adjustment |
0.000 |
0.107 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
30.180 |
3.215 |
(0.018) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
75.611 |
30.180 |
3.215 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.09 |
8.81 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.86
|
2.36 |
2.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.41
|
3.67 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.95
|
6.13 |
4.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.52 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
17.85
|
7.53 |
8.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.13 |
1.11 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors
Details:
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry
Creditors |
|
|
|
|
-
For Materials |
|
219.585 |
55.414 |
|
-
For Labour Contractors |
|
4.145 |
15.782 |
|
-
For Expenses |
|
18.919 |
33.659 |
|
Total |
NA |
242.649 |
104.855 |
Business
The Company is
currently engaged in the Construction of an residential Project “Palais Royale”
at Worli for Shree Ram Urban Infrastructure Limited. With this experience, the
Company will establish itself amongst the leading Construction Companies.
The Company is also working to take up other new projects.
Operations
The net profit
after taxation for the current year is Rs. 45.431 Millions as compared to the
net profit of Rs. 27.072 Millions for the previous year.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U45201MH2006PTC165516 |
|
Name of the company |
RAGHUVEER URBAN CONSTRUCTIONS COMPANY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Shree Ram Mills Premises, G. K. Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India E-Mail : SKL@skumars.co.in |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of charge holder |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia
Road, Kolkata - 700046,West Bengal, India E-Mail : sanjay_chaurasia@srei.com
|
|
Nature of instrument creating charge |
Deed of Hypothecation |
|
Date of instrument Creating the charge |
15.09.2011 |
|
Amount secured by the charge |
Rs.251.335 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 16.47% per annum Terms of Repayment Amount repayable in 35 monthly installments of Rs.9.090 Millions each. Margin NIL Extent and Operation of the charge As per Deed of Hypothecation. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Various assets.(within India) |
Fixed Assets :
·
Plant and Machinery
·
Air Conditioner
·
Xerox Machinery
·
Computer and Printer
·
Furniture and Fixtures
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 records 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.79.01 |
|
Euro |
1 |
Rs.66.18 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
47 |
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.