MIRA
INFORM REPORT
|
Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
JAIKUMAR REAL ESTATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23, Gunjay, Parijat Nagar, Nashik– 422005, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.03.2007 |
|
|
|
|
Com. Reg. No.: |
11-169088 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2007PTC169088 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKJ02055E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ8169K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Construction Activity |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 18000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financial i.e. 2011-12 are missing from government department. From the
available financial of 2011 it seems the company has been successfully in
wipping-off the accumulated losses of the previous year. However, the company is still improving. Trade relations are reported
as fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB- (Long term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
08.10.2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ 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 : |
Mr. Harmishtha |
|
Contact No.: |
91-8888881925 |
|
Date : |
31.03.2012 |
LOCATIONS
|
Registered Office : |
23, Gunjay, Parijat Nagar, Nashik– 422005, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Head Office 1 : |
94, TVH Beliciaa Towers,
Tower II, 10th Floor, MRC Nagar, Mandaveli, Chennai - 600 028, India. |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
Godavari Housing Society, Nr Boys Town School, Off Collage Road,
Nashik – 422005, Maharashtra, India |
|
|
|
|
Branches : |
Located at : ·
Andhra Pradesh ·
Chandigarh ·
Delhi NCR ·
Goa ·
Gujarat ·
Karnataka ·
Kerala ·
Madhya Pradesh ·
Maharashtra ·
Orissa ·
Pondicherry ·
Rajasthan ·
Tamil Nadu ·
Uttar Pradesh ·
West Bengal |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Manoj Kumar Tibrewala |
|
Designation : |
Director |
|
Address : |
23, Gunjay, Parijat Nagar, Nashik– 422005, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1970 |
|
Date of Appointment : |
23.03.2007 |
|
DIN No.: |
00195576 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U45200MH1997PTC104985 |
VASTU SHILP GRIH
NIRMITI PRIVATE LIMITED |
Director |
09/01/1997 |
09/01/1997 |
- |
Active |
NO |
|
2 |
U72100MH1999PTC122721 |
LOTUS NASHIK
COMPUTERS PRIVATE LIMITED |
Director |
22/11/1999 |
22/11/1999 |
- |
Active |
NO |
|
3 |
U45200MH1996PTC103427 |
GODAVARI LAND DEVELOPERS
PRIVATE LIMITED |
Director |
01/01/2005 |
01/01/2005 |
- |
Strike off |
NO |
|
4 |
U45200MH2007PTC169088 |
JAIKUMAR REAL
ESTATES PRIVATE LIMITED |
Director |
23/03/2007 |
23/03/2007 |
- |
Active |
NO |
|
5 |
AAB-2234 |
JAIKUMAR CONSTRUCTIONS
LIMITED LIABILITY PARTNERSHIP |
Designated
Partner |
23/11/2012 |
23/11/2012 |
- |
Active |
NO |
|
Name : |
Mr. Vijaygopal Parashramji Atal |
|
Designation : |
Director |
|
Address : |
Kaushal, Sadhu Waswani Road, Kulkarni Colony, Nashik– 422002,
Maharashtra, India |
|
Date of Birth/Age : |
13.09.1954 |
|
Date of Appointment : |
18.06.2010 |
|
DIN No.: |
00126667 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U26940MH1995PTC088782 |
Q-FAB CEMENT PRIVATE
LIMITED |
Director |
25/05/1995 |
25/05/1995 |
21/04/2012 |
Active |
NO |
|
2 |
L45200MH1996PLC095941 |
PRAKASH
CONSTROWELL LIMITED |
Director |
05/01/2011 |
04/01/1996 |
01/07/2012 |
Active |
NO |
|
3 |
U45200MH2005PTC155186 |
ATAL BUILDCON PRIVATE
LIMITED |
Director |
08/08/2005 |
08/08/2005 |
- |
Active |
NO |
|
4 |
U45200MH2007PTC168421 |
ATAL BUILDWELL
PRIVATE LIMITED |
Director |
07/03/2007 |
07/03/2007 |
- |
Active |
NO |
|
5 |
U45200MH2007PTC169088 |
JAIKUMAR REAL
ESTATES PRIVATE LIMITED |
Director |
18/06/2010 |
18/06/2010 |
- |
Active |
NO |
|
6 |
U45400MH2012PTC234941 |
ATAL REALTECH
PRIVATE LIMITED |
Director |
25/08/2012 |
25/08/2012 |
- |
Active |
NO |
|
7 |
AAA-9373 |
PARKSYDE
RESIDENCES MAINTENANCE LIMITED LAIBILITY PARTNERSHIP |
Designated
Partner |
25/05/2012 |
25/05/2012 |
- |
Active |
NO |
|
Name : |
Mr. Prakash Pusaram Laddha |
|
Designation : |
Director |
|
Address : |
501, Vijayraj Apts, Shrirang Nagar, Gangapur Road, Nashik– 422013,
Maharashtra, India |
|
Date of Birth/Age : |
27.12.1962 |
|
Date of Appointment : |
18.06.2010 |
|
DIN No.: |
00126825 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U26940MH1995PTC088782 |
Q-FAB CEMENT
PRIVATE LIMITED |
Director |
25/05/1995 |
25/05/1995 |
- |
Active |
NO |
|
2 |
L45200MH1996PLC095941 |
PRAKASH
CONSTROWELL LIMITED |
Whole-time
director |
01/01/2011 |
04/01/1996 |
- |
Active |
NO |
|
3 |
U99999MH1999PTC118871 |
PERFECT
AGGREGATES PRIVATE LIMITED |
Director |
12/03/1999 |
12/03/1999 |
- |
Active |
NO |
|
4 |
U45203MH1991PTC062909 |
VASTU-KRUPA
CONSTRUCTION (INDIA) PRIVATE LIMITED |
Director |
09/02/2000 |
09/02/2000 |
- |
Active |
NO |
|
5 |
U45200MH2005PTC155186 |
ATAL BUILDCON
PRIVATE LIMITED |
Director |
08/08/2005 |
08/08/2005 |
- |
Active |
NO |
|
6 |
U01404MH1995PLC091858 |
NAVALJI COTSPIN
LIMITED |
Director |
01/01/2007 |
01/01/2007 |
- |
Active |
NO |
|
7 |
U45200MH2007PTC168421 |
ATAL BUILDWELL
PRIVATE LIMITED |
Director |
01/04/2010 |
01/04/2010 |
20/01/2012 |
Active |
NO |
|
8 |
U45200MH2007PTC169088 |
JAIKUMAR REAL
ESTATES PRIVATE LIMITED |
Director |
18/06/2010 |
18/06/2010 |
- |
Active |
NO |
|
9 |
U70102MH2010PTC201881 |
RATHI DEVELOPERS
AND INFRASTRUCTURE PRIVATE LIMITED |
Director |
11/11/2011 |
11/11/2011 |
- |
Active |
NO |
|
10 |
U45400MH2012PTC227271 |
DREAMSHELTER
DEVELOPERS PRIVATE LIMITED |
Director |
21/02/2012 |
21/02/2012 |
- |
Active |
NO |
|
11 |
U72900MH2005PTC150350 |
MUTEX I T
SOLUTIONS PRIVATE LIMITED |
Director |
12/03/2012 |
12/03/2012 |
- |
Active |
NO |
|
12 |
U70101MH2006PTC165679 |
PUNAMRAJ
CONSTRUWELL PRIVATE LIMITED |
Director |
12/07/2012 |
12/07/2012 |
- |
Active |
NO |
|
Name : |
Ms. Gunwanti Jaikumar Tibrewala |
|
Designation : |
Director |
|
Address : |
23, Gunjay, Parijat Nagar, Nashik– 422005, Maharashtra, India |
|
Date of Birth/Age : |
28.11.1949 |
|
Date of Appointment : |
23.03.2007 |
|
DIN No.: |
00196035 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U45200MH1997PTC104985 |
VASTU SHILP GRIH
NIRMITI PRIVATE LIMITED |
Director |
09/01/1997 |
09/01/1997 |
- |
Active |
NO |
|
2 |
U45200MH2007PTC169088 |
JAIKUMAR REAL
ESTATES PRIVATE LIMITED |
Director |
23/03/2007 |
23/03/2007 |
18/06/2010 |
Active |
NO |
|
3 |
AAB-2234 |
JAIKUMAR CONSTRUCTIONS
LIMITED LIABILITY PARTNERSHIP |
Designated
Partner |
23/11/2012 |
23/11/2012 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Manoj Kumar Tibrewala |
3400 |
|
Vijaygopal Parashramji Atal |
1500 |
|
Prakash Constrowell Limited, India |
5100 |
|
|
|
|
TOTAL
|
10000 |
List of Allottes
AS ON 30.11.2012
|
Names of Allottes |
No. of Shares |
|
Manoj Jaikumar Tibrewala |
30600 |
|
Vijaygopal Parashramji Atal |
13500 |
|
Prakash Constrowell Limited, India |
45900 |
|
|
|
|
TOTAL
|
90000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
51.00 |
|
Directors or relatives of Directors |
49.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
|
|
|
|
Type of Property : |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
State Bank of India, Satpur Industrial Area Branch,
Triambak Road, Satpur, Nasik – 422007, Maharashtra, India Email ID ; sbi.03872@sbi.co.in ·
Vishwas
Co-operative
Bank Limited ·
Union Bank of India |
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. R. Mintri and Associates Chartered Accountant |
|
Address : |
1, Sharda Sankul, Patil Lane No. 4, College Road, Nashik, Maharashtra
– 422005, India |
|
PAN No.: |
AAVPM4307J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000
Million |
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 |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4.637 |
7.975 |
0.293 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4.737 |
8.075 |
0.393 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
4.645 |
0.000 |
|
|
2] Unsecured Loans |
1.537 |
6.094 |
7.468 |
|
|
TOTAL BORROWING |
1.537 |
10.739 |
7.468 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.274 |
18.814 |
7.861 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.041 |
0.053 |
0.067 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.002 |
0.002 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.784 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.946
|
10.669 |
5.023 |
|
|
Sundry Debtors |
10.350
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
0.040
|
0.829 |
0.033 |
|
|
Other Current Assets |
0.101
|
0.051 |
0.034 |
|
|
Loans & Advances |
5.280
|
18.853 |
17.175 |
|
Total
Current Assets |
22.717
|
30.402 |
22.265 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.968
|
13.750 |
14.350 |
|
|
Other Current Liabilities |
14.102
|
0.000 |
0.000 |
|
|
Provisions |
0.416
|
0.159 |
0.121 |
|
Total
Current Liabilities |
16.486
|
13.909 |
14.471 |
|
|
Net Current Assets |
6.231
|
16.493 |
7.794 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
1.482 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
6.274 |
18.814 |
7.861 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
20.000 |
0.186 |
1.670 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
10.944 |
2.730 |
1.601 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
10.944 |
2.730 |
1.601 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.056 |
(2.544) |
0.069 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.011 |
0.014 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
9.045 |
(2.588) |
0.049 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.927 |
(0.783) |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6.118 |
(1.775) |
0.020 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.481) |
0.293 |
0.264 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.637 |
(1.481) |
0.293 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
30.59
|
(954.30) |
1.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
45.22
|
(1391.39) |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
39.74
|
(8.49) |
0.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.91
|
0.32 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.48
|
1.72 |
36.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38
|
2.18 |
1.54 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming financial
year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
FORM 8
|
Corporate identity
number of the company |
U45200MH2007PTC169088 |
|
Name of the
company |
JAIKUMAR REAL
ESTATES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
23, GUNJAY,
PARIJAT NAGAR, NASHIK, Maharashtra – 422005, INDIA |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Nationalised
bank. State bank of India,
Satpur Industrial Area Branch, Triambak Road, Satpur, Maharashtra – 422007,
India Email ID ; sbi.03872@sbi.co.in |
|
Nature of
instrument creating charge |
Simple Mortgage
Deed |
|
Date of instrument
Creating the charge |
05.07.2011 |
|
Amount secured by
the charge |
Rs. 125.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 3.75%above base rate
effective rate 12% monthly rents Terms of repayment Moratorium of 15
months, quarterly payment beginning from March 2012 in 7 qtrs of Rs. 11.9
Millions, Rs. 17.9 Millions, Rs. 19.3 Millions, Rs. 20.8 Millions, Rs. 22.3
Millions, Rs. 19.3 Millions and 13.5 Millions resp. Margin 50% Extent and operation of the charge Charge will be
operative on plot 1 to 27 S. No 6/1B and 6/1D admeasuring 6341.294 sq.m, Plot
2 to 31 S. No 6/1E and 6/1F admeasuring 8817.03 sq.m, And Plot on S. No 6(D)
admeasuring 6110.8 sq.m off Wadala Pathardi Rd, Mouje Pathardi and
Construction if any on these plots |
|
Short particulars
of the property charged (Including location of the property) |
1. NA plot 1 to
27 of S. No 6/1B and 6/1D admeasuring 6341.294 sq.m, Wadala Pathardi Rd,
Mouje Pathardi and Construction if any 2. NA Plot 2 to
31 of S. No 6/1E and 6/1F admeasuring 8817.03 sq.m, Wadala Pathardi Rd, Mouje
Pathardi and Construction if any 3. NA Plot on S.
No 6(D) admeasuring 6110.8 sq.m, Wadala Pathardi Rd, Mouje Pathardi and
Construction if any |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. If yes, in whose
name it is registers |
Yes Mr. Manoj J
Tibrewala |
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 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.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.