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Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHARTERED HAMPI HOTELS PRIVATE LIMITED [w.e.f. 28.12.2011] |
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|
|
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Formerly Known
As : |
GODHULI HOTELS PRIVATE LIMITED |
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Registered
Office : |
Unit No. F 8, Shantinagar Co-Operative Industrial Estate Limited, Plot
No. 4 B, Shantinagar, Vakola, Santacruz (East), Mumbai-400055,
Maharashtra |
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|
|
Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
26.07.2011 |
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|
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Com. Reg. No.: |
11-220173 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
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|
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|
CIN No.: [Company Identification
No.] |
U55204MH2011PTC220173 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in running and
maintaining business of hotels. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Yet to commence business activity |
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|
|
Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new company and yet to commence its business
activity as per the dated 31st March 2012. Ms. Pooja Pathak from Accounts Department has denied to disclose any detail
of the subject to us. 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.
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 DECLINED BY
|
Name : |
Ms. Pooja Pathak |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-66761000 |
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Date : |
04.06.2013 |
LOCATIONS
|
Registered Office : |
Unit No. F 8, Shantinagar Co-Operative Industrial Estate Limited, Plot
No. 4 B, Shantinagar, Vakola, Santacruz (East), Mumbai-400055, Maharashtra,
India |
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Tel. No.: |
91-22-66761000 |
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Fax No.: |
91-22-66761010 |
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E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Arunkumar Radheshyam Saraf |
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Designation : |
Director |
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Address : |
Grand Hyatt Residences, Off Western Express Highway, Santacruz (East),
Mumbai-400055, Maharashtra, India |
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Date of Birth/Age : |
10.03.1959 |
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Date of Appointment : |
26.07.2011 |
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Pan No.: |
ACTPS6880M |
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Din No.: |
00339772 |
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|
|
|
Name : |
Mr. Varun Arunkumar Saraf |
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Designation : |
Director |
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Address : |
Grand Hyatt Residences, Off Western Express Highway, Santacruz (East),
Mumbai-400055, Maharashtra, India |
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Date of Birth/Age : |
20.05.1984 |
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Date of Appointment : |
26.07.2011 |
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Pan No.: |
BYZPS5630J |
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Din No.: |
01074417 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Pathak |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arunkumar Radheshyam Saraf |
|
5000 |
|
Varun Arunkumar Saraf |
|
5000 |
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TOTAL
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|
10000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in running and
maintaining business of hotels. |
GENERAL INFORMATION
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No. of Employees : |
Information denied 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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Auditors : |
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|
Name : |
V. Singhi and Associates Chartered Accountants |
|
Address : |
23, Arsiwala Building, 2nd Floor, 61, Wodehouse Road,
Colaba, Mumbai-400005, Maharashtra, India |
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PAN No: |
AABFV8971C |
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|
|
|
Associates : |
Chartered Hotels Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each
|
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
|
|
0.100 |
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|
2] Share Application Money |
|
|
0.000 |
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3] Reserves & Surplus |
|
|
0.000 |
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4] (Accumulated Losses) |
|
|
0.000 |
|
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NETWORTH |
|
|
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
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|
2] Unsecured Loans |
|
|
1.365 |
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|
TOTAL BORROWING |
|
|
1.365 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
|
1.465 |
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|
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|
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|
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APPLICATION OF FUNDS |
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|
|
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FIXED ASSETS [Net Block] |
|
|
0.000 |
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Capital work-in-progress |
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|
0.000 |
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INVESTMENT |
|
|
0.000 |
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DEFERREX TAX ASSETS |
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|
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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|
0.000 |
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Sundry Debtors |
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|
0.000 |
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Cash & Bank Balances |
|
|
0.271 |
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Other Current Assets |
|
|
1.207 |
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Loans & Advances |
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|
0.000 |
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Total
Current Assets |
|
|
1.478 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
|
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Sundry Creditors |
|
|
0.000 |
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Other Current Liabilities |
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|
0.013 |
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|
Provisions |
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|
0.000 |
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Total
Current Liabilities |
|
|
0.013 |
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Net Current Assets |
|
|
1.465 |
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MISCELLANEOUS EXPENSES |
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|
0.000 |
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TOTAL |
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|
1.465 |
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KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
13.65 |
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Current Ratio (Current Asset/Current Liability) |
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|
|
113.69 |
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 |
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 |
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 |
No |
|
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 |
Yes |
|
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 |
CORPORATE INFORMATION:
Subject (the company) was incorporated under the
provision of The Companies Act, 1956 on 26th July, 2011. The company
is engaged in running and maintaining business of hotels.
FINANCIAL RESULTS:
In the absence any activity in the business,
no profit and loss account has been prepared for year ended 31st
March, 2012.
|
UNSECURED LOAN |
As
on 31.03.2012 [Rs.
in Millions] |
|
Loans and
advances from related parties |
|
|
- From Associates [Loan from associates represent unsecured, interest free loan and is
repayable on demand] |
1.365 |
|
TOTAL
|
1.365 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON DESIGNATED
PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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.