MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT BUILDWELL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block-B, Wankhede Stadium, D Road, Churchgate, Mumbai-400020,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.01.1996 |
|
|
|
|
Com. Reg. No.: |
11-095791 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45202MH1996PTC095791 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Builders and Developers |
|
|
|
|
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 : |
Yet to Commence Business Activity |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Even though the company was incorporated during 1996, it is yet to
commence its business activity. Ms. Hemangi, Office Executive has confirmed that the company will not
start its business is activities in future. It has a sister company by the name ‘Paramount Buildwell Construction
Private Limited’ which is active and the Goa address belong to this company. Payment terms are unknown. The company 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 (PARTIAL DETAILS)
|
Name : |
Ms. Hemangi |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-22841638 |
|
Date : |
01.07.2013 |
LOCATIONS
|
Registered Office : |
Block-B, Wankhede Stadium, D Road, Churchgate, Mumbai-400020,
Maharashtra, India |
|
Tel. No.: |
91-22-22841638 / 85 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Vikarm Chinulal Shah |
|
Designation : |
Director |
|
Address : |
28, Capri, 9 Manav Mandir Road, Walkeshwar, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
24.11.1950 |
|
Date of Appointment : |
01.01.1996 |
|
DIN No.: |
00090259 |
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 |
U70100MH1988PTC046948 |
SHAH
AND SHAH DEVELOPERS PRIVATE LIMITED |
Director |
08-04-88 |
08-04-88 |
- |
Active |
NO |
|
2 |
U45200MH1994PTC082357 |
HILL
PARK PROPERTIES AND ESTATE PRIVATE LIMITED |
Director |
25-10-94 |
25-10-94 |
15-07-10 |
Active |
NO |
|
3 |
U67120MH1995PTC086390 |
ARVIND
SECURITIES PRIVATE LIMITED |
Director |
15-03-95 |
15-03-95 |
- |
Active |
NO |
|
4 |
U55101GA1995PTC001995 |
PASTINA
HOLIDAY HOME PRIVATE LIMITED |
Director |
22-12-95 |
22-12-95 |
- |
Active |
NO |
|
5 |
U45200MH1996PTC095793 |
COMELOT
CONSTRUCTIONS PRIVATE LIMITED |
Director |
01-01-96 |
01-01-96 |
- |
Active |
NO |
|
6 |
U45202MH1996PTC095791 |
PARAMOUNT
BUILDWELL PRIVATE LIMITED |
Director |
01-01-96 |
01-01-96 |
- |
Active |
NO |
|
7 |
U51900MH1997PTC105362 |
PRAVAR
TRADE-INVEST PRIVATE LIMITED |
Director |
11-03-97 |
11-03-97 |
- |
Active |
NO |
|
8 |
U45200MH1997PTC111115 |
LANDMARK
TECHNIQUE PRIVATE LIMITED |
Director |
07-10-97 |
07-10-97 |
- |
Active |
NO |
|
9 |
U70100MH1996PTC095766 |
VISHWAM
REALTORS PRIVATE LIMITED |
Director |
20-02-04 |
20-02-04 |
- |
Active |
NO |
|
10 |
U36910MH1991PTC062182 |
SHRI
HAJARI TRADERS PRIVATE LIMITED |
Director |
26-07-04 |
26-07-04 |
- |
Active |
NO |
|
11 |
U45200MH2005PTC152688 |
PARAMOUNT
BUILDWELL CONSTRUCTION PRIVATE LIMITED |
Director |
18-04-05 |
18-04-05 |
- |
Active |
NO |
|
12 |
U45200MH1992PTC070190 |
GOODHOUSE
BUILDERS PRIVATE LIMITED |
Director |
01-11-05 |
01-11-05 |
- |
Active |
NO |
|
13 |
U51900MH1994PTC080057 |
SANKUL
OVERSEAS PRIVATE LIMITED |
Director |
01-04-06 |
01-04-06 |
- |
Active |
NO |
|
Name : |
Ms. Varsha Vikram Shah |
|
Designation : |
Director |
|
Address : |
28, Capri, 9 Manav Mandir Road, Walkeshwar, Mumbai-400006,
Maharashtra, India |
|
Date of Birth/Age : |
22.11.1951 |
|
Date of Appointment : |
07.12.2004 |
|
DIN No.: |
01681257 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70100MH1988PTC046948 |
SHAH
AND SHAH DEVELOPERS PRIVATE LIMITED |
Director |
01-01-93 |
01-01-93 |
Active |
NO |
|
2 |
U45200MH1992PTC070190 |
GOODHOUSE
BUILDERS PRIVATE LIMITED |
Director |
01-11-95 |
01-11-95 |
Active |
NO |
|
3 |
U51900MH1997PTC105362 |
PRAVAR
TRADE-INVEST PRIVATE LIMITED |
Director |
15-03-03 |
15-03-03 |
Active |
NO |
|
4 |
U45200MH1997PTC111115 |
LANDMARK
TECHNIQUE PRIVATE LIMITED |
Director |
15-03-03 |
15-03-03 |
Active |
NO |
|
5 |
U45202MH1996PTC095791 |
PARAMOUNT
BUILDWELL PRIVATE LIMITED |
Director |
07-12-04 |
07-12-04 |
Active |
NO |
|
6 |
U45200MH2005PTC152688 |
PARAMOUNT
BUILDWELL CONSTRUCTION PRIVATE LIMITED |
Director |
18-04-05 |
18-04-05 |
Active |
NO |
|
7 |
U51900MH1994PTC080057 |
SANKUL
OVERSEAS PRIVATE LIMITED |
Director |
01-12-07 |
01-12-07 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Hemangi |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
|
Names of Shareholders |
No. of Shares |
|
Varsha Vikram Shah |
500 |
|
Vikarm Chinulal Shah |
500 |
|
TOTAL
|
1000 |
AS ON 25.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Builders and Developers |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Siddharth Sinkar and Associates
Chartered Accountant |
|
Address : |
502, Prasad Apartment, Chaphekar Bandhu Marg, Mulund (East),
Mumbai-400081, Maharashtra, India |
|
Tel. No.: |
91-22-25682189 |
|
Mobile No.: |
91-9820158827 |
|
PAN No.: |
ANMPS1075K |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
2.334 |
2.350 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2.434 |
2.450 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.326 |
0.314 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.326 |
0.314 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.064 |
0.064 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
0.064 |
0.064 |
|
|
|
|
|
|
TOTAL |
|
2.824 |
2.828 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1.600 |
1.600 |
|
(c) Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash and cash
equivalents |
|
0.033 |
0.037 |
|
(e) Short-term loans
and advances |
|
1.191 |
1.191 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
2.824 |
2.828 |
|
|
|
|
|
|
TOTAL |
|
2.824 |
2.828 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.360 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2.460 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.089 |
|
|
TOTAL BORROWING |
|
|
0.089 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.549 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.600 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.836 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.191 |
|
Total
Current Assets |
|
|
2.627 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.078 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
0.078 |
|
|
Net Current Assets |
|
|
2.549 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2.549 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.000 |
1.600 |
1.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.015 |
1.610 |
1.605 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(0.015) |
(0.010) |
(0.005) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(0.015) |
(0.010) |
(0.005) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.350 |
2.360 |
2.365 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.335 |
2.350 |
2.360 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(15.00) |
(10.00) |
(0.50) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.00
|
(0.63) |
(0.31) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.53) |
(0.35) |
(0.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13
|
0.13 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
44.13
|
44.19 |
33.68 |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
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 |
No |
|
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] |
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 |
No |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
SHORT TERM
BORROWINGS |
|
|
|
Short Term Loan
from Financial |
|
|
|
Loans from Director |
0.326 |
0.314 |
|
|
|
|
|
TOTAL |
0.326 |
0.314 |
NOTE
Registered office has been shifted from 148, Atlanta, 209, Nariman
Point, Mumbai-400021, Maharashtra, India to the present address w.e.f.
01.06.2007
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. 59.41 |
|
|
1 |
Rs. 90.38 |
|
Euro |
1 |
Rs. 77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
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.