MIRA INFORM REPORT

 

 

 

Report Date :

09.01.2013

 

IDENTIFICATION DETAILS

 

Name :

SYNERGYONE INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED [w.e.f. 03.04.2012]

 

 

Formerly Known As :

NSB INFRASTRUCTURE AND PROJECTS PRIVATE LIMITED

 

 

Registered Office :

S-1, The Metropole, Next to Inox Multipex, Bund Garden Road, Pune-411001, Maharashtra 

 

 

Country :

India

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

16.03.2009

 

 

Com. Reg. No.:

11-133646

 

 

Capital Investment / Paid-up Capital :

Rs.500.000 Millions

 

 

CIN No.:

[Company Identification No.]

U45200PN2009PTC133646

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Real Estate Developers.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (35)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 3240000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having a moderate track record. Reserves of the company appears to be low. Even though the company has recorded improvement in its operations during 2012, there appears some dip in the profitability.

 

However, trade relations are reported as fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealings with some caution.

 

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

 

 

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.

 

 

LOCATIONS

 

Registered Office :

S-1, The Metropole, Next to Inox Multipex, Bund Garden Road, Pune-411001, Maharashtra, India 

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

aru_singhal@goyalbhanotco.com

birender@nsbgroup.in

 

DIRECTORS

 

AS ON 24.09.2011

 

Name :

Mr. Prateek Kumar

Designation :

Director

Address :

Row House No. 1, Golfield Enclave Society, South Main Road, Koregaon Park, Pune-411001, Maharashtra, India

Date of Birth/Age :

06.06.1970

Date of Appointment :

16.03.2009

Din No.:

01023294

 

 

Name :

Mr. Tajinder Chahal Kuar

Designation :

Director

Address :

49, Eklavya Apartment, Rohini Sector 13, New Delhi-110085, India

Date of Birth/Age :

27.07.1968

Date of Appointment :

01.09.2009

Din No.:

01911130

 

 

Name :

Mr. Birender Kumar Swain

Designation :

Director

Address :

Row House No. 1, Golfield Enclave Society, South Main Road, Koregaon Park, Pune-411001, Maharashtra, India

Date of Birth/Age :

25.09.2008

Date of Appointment :

01.12.2010

Din No.:

02020686

 

 

Name :

Mr. Naresh Lakhanpal

Designation :

Director

Address :

325/5, Patel Nagar, Dehradun-248002, Uttrakhand, India

Date of Birth/Age :

17.11.1975

Date of Appointment :

01.12.2010

Din No.:

03333390

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 24.09.2011

 

Names of Shareholders

 

No. of Shares

Prateek Kumar

 

49990000

Harvinder Singh Bhangoo

 

10000

 

 

 

TOTAL

 

50000000

 

AS ON 29.03.2012

 

Names of Allottees

 

No. of Shares

Prateek Kumar

 

10000000

 

 

 

TOTAL

 

10000000

 

AS ON 24.09.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Real Estate Developers.

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :

·         IDBI Bank

·         ICICI Bank

 

 

Facilities :

--

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Goyal Bhanot and Company

Chartered Accountants

Address :

1, Turner Road, Clement Town, Dehradun-248001, Uttrakhand, India

Tel No.:

91-135-6543358

Fax No.:

91-135-2711730

Email :

info@goyalbhanotco.com

Website :

http://www.goyalbhanotco.com

PAN No:

AAFFG6006K

 

 

Associates/Subsidiaries :

·         Aastha Promoters and Developers Private Limited [U45200JH2007PTC012807]

·         Greentech Power Private Limited [U74999DL2010PTC201198]

·         Lakewood Infra Projects Private Limited [U45400KA2010PTC056256]

·         NSB Aviation Private Limited [U74120UP2010PTC042653]

·         NSB Real Estates Private Limited [U70102UP2010PTC042221]

·         Unicorn Infra Projects and Estates Private Limited [U70102MH2007PTC176453]

·         Arondha Properties Private Limited [U70101GA2006PTC004660]

·         Shasyamangalam Business Nucleus Private Limited [U74900UP2008PTC034554]

·         Stride Aviation Private Limited

·         Synergyone Real Estates Private Limited

·         Woodsville Projects Private Limited

·         PNC Energy Private Limited

·         Crest Entertainment and Media Private Limited

·         Nirula Hospitality and Services Private Limited

·         Inspire lnfraestates Private Limited

·         Castel lnfra Estates Private Limited

·         Palm Spring Greencity Developers Private Limited

·         Redwood Heights Estates Private Limited

·         Riverdale lnfra Estates Private Limited

·         Stone Water Properties Private Limited

·         Underhills Infrastructure and Projects Private Limited

·         Concept lnfraestates Private Limited

·         Comfort lnfraheights Private Limited

·         Summit Aviation Private Limited

 

 

Other Related Parties :

·         Unicorn Global Hospitality Private Limited

·         Dhrook Pharma Private Limited

·         Rays Powcr Private Limited

·         Kemptyfalls Resosts Private Limited

·         Arora Promoters Private Limited

·         Fortune lnfracity Private Limited

·         Wildoak Properties Private Limited

·         Whittlewoods Home Private Limited

·         Greenvalley lnfracity Private Limited

·         Bestowed lnfraheights Private Limited

·         Agro Town Developers Private Limited

·         Green Fortune Promoters and Developers Private Limited

·         Beach Town Developers Private Limited

·         Wildoak lnfrastructure and Projects Private Limited

·         Waterfield Estates Private Limited

·         Underwood Projects Private Limited

·         Makeover Projects and Estates Private Limited

·         Mascott lnfradevelopers Private Limited

·         Synergyone Hospitality Services Private Limited

·         Reliable Buildhome Private Limited

·         Stride Infrahomes Private Limited

·         Exquisite lnfrastructure Private Limited

·         Ample infra Height Private Limited

·         Sunshine lnfrapromoters Private Limited

·         Splendor lnfracity Private Limited

·         Stride lnfracon Private Limited

·         Stride lnfracity Private Limited

·         Comfort lnfracity Private Limited

·         Sunshine lnfracity Private Limited

·         Ganraj Properties Private Limited

·         Swiss Town Developers Private Limited

·         Synergyone lnfradevelopers Private Limited

·         Synergyone Marketing Private Limited

·         Greenfield lnfraestates Private Limited

·         Beaming lnfradevelopers Private Limited

·         Groaming lnfradevelopers Private Limited

·         Sanskruti lnfradevelopers Private Limited

·         Xfone Business Solutions Private Limited

·         Royal Orchid lnfradevelopers Private Limited

·         Ecom Trade World Private Limited

·         Arindham Infrastructure and Projects Private Limited

·         NSB Green Homes Private Limited

·         Synergyone (India) Management Solutions PL

·         Crest Media and Communication Private Limited

·         Sride lnfrahomes Private Limited

 

 

Partnership Firm :

·         NSB Arya Green Estates

·         Phoenix lnfracon

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2012

 

Authorised Capital :

No. of Shares

Type

Value

Amount

60000000

Equity Shares

Rs.10/- each

Rs.600.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

60000000

Equity Shares

Rs.10/- each

Rs.600.000 Millions

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2012

31.03.2011

31.03.2010

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

600.000

500.000

200.000

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

211.721

111.732

8.915

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

811.721

611.732

208.915

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

3585.595

2747.740

268.260

TOTAL BORROWING

3585.595

2747.740

268.260

DEFERRED TAX LIABILITIES

2.378

0.085

0.000

 

 

 

 

TOTAL

4399.694

3359.557

477.175

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

835.027

139.209

3.270

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

1131.252

1340.968

29.358

DEFERREX TAX ASSETS

0.000

0.000

0.074

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

1586.708

687.722

38.697

 

Sundry Debtors

56.265

0.000

66.030

 

Cash & Bank Balances

71.183

1223.481

16.125

 

Other Current Assets

58.866

1.188

0.017

 

Loans & Advances

3243.945

1647.882

353.890

Total Current Assets

5016.967

3560.273

474.759

Less : CURRENT LIABILITIES & PROVISIONS

 

 

 

 

Sundry Creditors

2497.759

884.803

0.203

 

Other Current Liabilities

85.793

731.759

25.567

 

Provisions

0.000

64.358

4.552

Total Current Liabilities

2583.552

1680.920

30.322

Net Current Assets

2433.415

1879.353

444.437

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.027

0.036

 

 

 

 

TOTAL

4399.694

3359.557

477.175

 


PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Revenue From Operations

 

2379.740

1100.000

 

 

Other Income

 

13.649

7.252

 

 

TOTAL                                     (A)

 

2393.389

1107.252

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Material Consumed & Direct Expenses

 

2314.016

1022.409

 

 

Purchase of Land-in-Trade

 

726.176

491.616

 

 

Employee Benefit Expenses

 

33.077

26.048

 

 

Other Expenses

 

57.327

25.010

 

 

Change in inventories of finished goods, Work-in-Progress and Stock-in-Trade

 

(898.986)

(649.025)

 

 

TOTAL                                     (B)

 

2231.610

916.058

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

 

161.779

191.194

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

 

161.779

191.194

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

13.477

1.849

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                (G)

 

148.302

189.345

 

 

 

 

 

Less

TAX                                                                  (H)

 

48.313

64.518

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

 

99.989

124.827

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

1.67

2.50

 

 

 

PARTICULARS

 

 

 

31.03.2010

 

SALES

 

 

 

 

 

Gross Receipts

 

 

66.030

 

 

Work in Progress

 

 

38.697

 

 

Other Income

 

 

0.280

 

 

TOTAL                                     (A)

 

 

105.007

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Land and Development

 

 

82.717

 

 

Administrative Expenses

 

 

8.665

 

 

Miscellaneous Expenditure Written Off

 

 

0.009

 

 

TOTAL                                     (B)

 

 

91.391

 

 

 

 

 

Less

PROFIT / (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)      (C)

 

 

13.616

 

 

 

 

 

Less

FINANCIAL EXPENSES                         (D)

 

 

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                (E)

 

 

13.616

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

 

 

0.223

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX (E-F)                (G)

 

 

13.393

 

 

 

 

 

Less

TAX                                                                  (H)

 

 

4.478

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX (G-H)                  (I)

 

 

8.915

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

 

0.45

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2012

31.03.2011

31.03.2010

PAT / Total Income

(%)

4.17

11.27

8.49

 

 

 

 

 

Net Profit Margin

(PBT/Sales)

(%)

6.23

17.21

12.75

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.53

5.12

2.80

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.18

0.31

0.06

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

7.60

7.23

1.43

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.94

2.12

15.65

 

 

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

Yes

8]

No. of employees

No

9]

Name of person contacted

No

10]

Designation of contact person

No

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

--

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

No

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

No

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 Proprietor/Partner/Director, if available

No

32]

Date of Birth of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

NOTE:

 

The registered office of the company has been shifted from Row House No. 1, Gold Field Enclave Society, South Main Road, Vidyut Nagar, Koregaon Park, Pune-411001, Maharashtra, India to the present address w.e.f. 15.06.2012.

 

UNSECURED LOAN:

 

Unsecured Loan

31.03.2012

[Rs. in Millions]

31.03.2011

[Rs. in Millions]

Advances From Customers For Gateway Madhurai Project

3.200

0.000

Tara Chennai Project

0.101

0.000

Vasant Kunj Project

25.000

0.000

Advance From Client

455.000

0.000

Summit Aviation Private Limited

96.859

0.000

Woodsville Projects Private Limited

200.000

0.000

Prateek Kumar

1115.397

1526.702

Stride Infracon Private Limited

1690.038

0.000

Greenfield Estates

0.000

1221.038

TOTAL

3585.595

2747.740

 

FIXED ASSETS:

 

·         Computer, Software and Peripherals

·         Furniture and Fixtures

·         Plant and Machinery

·         Vehicles

·         Office Equipments

 

ONGOING PROJECTS:

 

CHANDIGARH

 

FUTURE RESIDES

 

Banur has all the characteristics of becoming a landmark residential haven connected to Chandigarh through rapidly improving transport corridors. Its rich cultural and historic significance adds further value to its residential tag.

 

If looking forward to sizeable capital appreciation in the realty portfolio, Banur would be just the right place to invest and hold. It would just a matter of time before start reaping rich rewards for the patience and acumen. They also envisage a rapidly improving scenario for rentals considering the presence of educational institutions which in turn, also spawn off lateral commercial opportunities to cater to the young customers with high disposable incomes.

 

VADODARA

 

LIFE, LEISURE AND LIVING

 

Sanskruti Residency is a premium project of Synergy One that offers high quality residential spaces. The project is centrally located and offers high connectivity, considering its close proximity to the national highway and the International Airport. It is also well endowed in terms of the natural ambience with the Viswamitri River located at a convenient drive.

 

The project seeks to tap into the growing demand for high-end residential spaces in the city. Their project has been envisaged in great detail to ensure that they position theirselves in a niche premium segment of the market meant for discerning customers. The construction would take shape under the meticulous supervision of their world class architects, assembling the best of men, material and amenities to evolve a township of aspirations.

 

MUMBAI

 

KHALAPUR... CLOSE TO MUMBAI, FAR FROM ITS HASSLES

 

Khalapur is green territory, with the Sahyadri hills in the backdrop and verdant Nature all around. Their project of villas and fully developed plots seeks to create a fabulous living environment in these amazingly natural settings. Spread over 225 acres, the project would comprise of some of the finest villas, built with taste and meant for superior lifestyles. The project would be ideal for those who are seeking respite from the congested interiors of Mumbai homes and wanted to move into larger, comfortable spaces.

 

Feel the freedom of space and the luxury of being at home at their Khalapur properties. Pune highway, national highways, Mumbai-Pune expressway and state highways and Raigad District, Karjat are well connected.  Well connected to scenic Konkan Bealt - Alibag, Karjat, Khopoli, Mahad, Matheran, Panvel, Pen, Poladpur, Roha, Shrivardhan and Uran.

 

CHANDIGARH

 

A RESIDENTIAL HAVEN

 

On part of Synergy One, they can assure that their envisaged township in Dera Bassi would live up to the highest standards of lifestyle and living. A largely self-contained venture, it would have pockets of open, green spaces placed alongside premium residential plots. In fact, only about half of the area would be covered by property development.

 

The bungalows spread over different plot sizes, have been finely graded to suit the budgets and tastes. The external amenities, including security and internal connectivity through roads are well planned. The bungalow designs have been chalked out keeping contemporary tastes in mind. Can be assured of their expertise in masterful execution of these excellent blueprints.

 

Dera Bassi would be just the right opportunity if are seeking to add to the realty portfolio. They are convinced of sizeable capital appreciation in the property valuations in the years to come, considering the reasonable prices existing presently.

 

PALGHAR

 

PARADISE BY THE COAST

 

At Oceanic Village, Palghar, architecture is not just about spaces of residence. Where Nature is untarnished and the Ocean at is most pristine. Their eco-friendly villas are seamlessly integrated into the surrounding ambience, with minimal alternation in the serene, natural habitat that Palghar has on offer. Rejuvenate theirself in the tranquility and privacy of the home. At Oceanic Village, they have assembled an array of the choicest amenities to serve the requirements.

A state-of-the-art gymnasium beckons the presence with its full range of fitness equipment. With its steam and inhalation rooms and sauna, the men’s cold dip and whirlpools, therapeutic massage and bodywork, leisure would be well engaged. The unique healing massage techniques at their spa would profoundly transform with a newer wave of energy and rejuvenation.  Palghar close to the commercial hub of India, Mumbai  Scenic Konkan Cost Beach view  Ideal weekend holiday homes

 

MUMBAI

 

LIVE BY THE LAKE

 

Bhivpuri - Karjat is scenic place on the outskirts of Mumbai, which is being developed as a commercial tourist place for weekends. Tata Power Co. has hydro-electricity generator plant here. Their Project Lake View is situated overlooking the scenic Bhivpuri Dam. Spread lavishly over 38 acres of campus, the project would be dotted by signature Bungalows and Villas.

 

Pune highway, national highways, Nasik Highway, Goa Highway, Mumbai-Pune expressway and state highways and Raigad District, Kharghar are well connected.

 

Karjat is a preferred spot for weekend holidays, picnics, river rafting, trekking, hiking, and mountain climbing. It is a favored destination during rainy season.

 

UPCOMING PROJECTS

 

COCHIN

 

ALUVA, LIFE IN THE BACKWATERS

 

Emerald Greens offers a chance to invest in individual earmarked plots as well as constructed villas. Both options exist over different plot sizes and have been finely graded to suit the budgets and tastes. The villa designs have been chalked out keeping contemporary tastes in mind. Can be assured of their expertise in masterful execution of these excellent blueprints. The best of leisure, recreation and nature through an entire array of amenities at behest.

 

MUMBAI

 

KARJAT

 

At Karjat, the Synergy One group is working on an exciting new township comprising exclusively of row houses, bungalows and high-end villas. While planning and designing this endeavor, their objective was t create premium residential spaces for those who would want to experience leisure.

 

In proximity from Mumbai yet far from its maddening rush, Hills and Dales blends into the green ambience around. Its bungalows would give an expansive feel of space and comfort. The construction would come with a full array of amenities that are meant for enhancing the standard of life for the residents. Other than the verdant atmosphere around, every home would come with its exclusive spaces of greenery. The project affords a sense of privacy and security that urban residents yearn for.

 

·         Pune highway, national highways, Nasik Highway, Goa Highway, Mumbai-Pune expressway and state highways and Raigad District, Kharghar are well connected.

 

·         Karjat is a preferred spot for weekend holidays, picnics, river rafting, trekking, hiking, and mountain climbing. It is a favored destination during rainy season.

 

 

 

 


CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.55.33

UK Pound

1

Rs.89.05

Euro

1

Rs.72.57

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

4

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

4

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

35

 

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

-

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.