1. Summary Information
|
Country |
India |
||
|
Company Name |
ABA OVERSEAS A DIVISION OF ABA BUILDERS LIMITED |
Principal Name 1 |
Puspahas Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Ram Awtar Ramsisaria |
|
Registration # |
21-045438 |
||
|
Street Address |
16 A,
Chowringhee Mansion, 30, J L Road, Kolkata – 700 016, West Bengal, India |
||
|
Established Date |
28.10.1988 |
SIC Code |
-- |
|
Telephone# |
91-33-22174522 |
Business Style 1 |
Construction Activity |
|
Fax # |
91-33-22683488 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
12 (Approximately) (ABA Overseas) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
117,190,500/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate 68.81%, Directors or relatives of director 31.16%,
Other top fifty shareholders 0.03%=100% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
25 Years |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
India |
Concord
Infrastructure Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,170,355,000 |
Current Liabilities |
660,963,000 |
|
Inventories |
1,704,017,000 |
Long-term Liabilities |
1,080,169,000
|
|
Fixed Assets |
29,769,000 |
Other Liabilities |
6,247,000 |
|
Deferred Assets |
551,000 |
Total Liabilities |
1,747,379,000 |
|
Invest& other Assets |
56,000 |
Retained Earnings |
1,040,178,000 |
|
|
|
Net Worth |
1,157,369,000 |
|
Total Assets |
2,904,748,000 |
Total Liab. & Equity |
2,904,748,000 |
|
Total Assets (Previous Year) |
2,395,634,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,533,355,000 |
Net Profit |
101,012,000 |
|
Sales(Previous yr) |
1,414,278,000 |
Net Profit(Prev.yr) |
51,906,000 |
|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ABA BUILDERS LIMITED ABA OVERSEAS A DIVISION OF ABA BUILDERS
LIMITED (in May 2012) |
|
|
|
|
Registered
Office : |
16 A, Chowringhee Mansion, 30, J L Road, Kolkata – 700 016, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Established : |
28.10.1988 |
|
|
|
|
Com. Reg. No.: |
21-045438 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 117.191 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70101WB1988PLC045438 |
|
|
|
|
IEC No.: |
0207011427 |
|
|
|
|
TIN No.: |
09890702392 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA1410H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Real estate and developing builder of residential apartment and
commercial complexes.( ABA Builders Limited) Importer, Trader and Dealer of Plastic Raw Materials. (ABA Overseas) |
|
|
|
|
No. of Employees
: |
12 (Approximately) (ABA Overseas) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
company has below average risk profile. However, trade relations are reported
as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some coution. |
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 |
CRISIL |
|
Rating |
B (Term Loan) |
|
Rating Explanation |
High risk of default |
|
Date |
December 14, 2011 |
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. T. C. Agarwal |
|
Designation : |
Accounts |
|
Contact No.: |
91-120-3052745 |
|
Date : |
21.03.2013 |
LOCATIONS
|
Registered Office/Branches : |
16 A, Chowringhee Mansion, 30, J L Road, Kolkata – 700 016, West
Bengal, India |
|
Tel. No.: |
91-33-22174522/5522 |
|
Fax No.: |
91-33-22683488 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
A – 39, Sector 63, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3052745/7/4237000 |
|
Fax No.: |
91-120-3052748 |
DIRECTORS
As on 28.09.2012
|
Name : |
Puspahas Agarwal |
|
Designation : |
Managing Director |
|
Address : |
House No. 51, Sector-15A, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
01.01.1963 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No.: |
00454239 |
|
|
|
|
Name : |
Mr. Ram Awtar Ramsisaria |
|
Designation : |
Whole Time Director |
|
Address : |
CF-336, Salt Lake City, Kolkata-700064, West Bengal, India |
|
Date of Birth/Age : |
25.08.1952 |
|
Date of Appointment : |
16.02.1994 |
|
DIN No.: |
00568495 |
|
|
|
|
Name : |
Mr. Jai Kishore Totlani |
|
Designation : |
Whole Time Director |
|
Address : |
423, Kohat Enclave, Delhi-110034, India |
|
Date of Birth/Age : |
15.06.1964 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No.: |
00710795 |
|
|
|
|
Name : |
Mr. Amit Modi |
|
Designation : |
Whole Time Director |
|
Address : |
F-28, Preet Vihar, Delhi-110092, India |
|
Date of Birth/Age : |
11.12.1969 |
|
Date of Appointment : |
24.10.2005 |
|
DIN No.: |
01126335 |
|
|
|
|
Name : |
Mr. Subhash Chander Gupta |
|
Designation : |
Director |
|
Address : |
A-29, Second Floor, Mahendru Enclave, Delhi-110033, India |
|
Date of Birth/Age : |
01.03.1953 |
|
Date of Appointment : |
05.11.2011 |
|
DIN No.: |
00710702 |
|
|
|
|
Name : |
Mr. Sunil Kumar |
|
Designation : |
Director |
|
Address : |
423, Kohat Enclave, Pitampura, Delhi-110034, India |
|
Date of Birth/Age : |
12.12.1965 |
|
Date of Appointment : |
05.11.2011 |
|
DIN No.: |
01369603 |
KEY EXECUTIVES
|
Name : |
Mr. Brijesh Kumar Pandey |
|
Designation : |
Company Secretary |
|
Address : |
2/2, West Ghoshpara Road, Kankinara, North 24 PGS-743126, West Bengal,
India |
|
Date of Birth/Age : |
04.03.1981 |
|
Date of Appointment : |
04.04.2011 |
|
PAN No.: |
AUZPP0148D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
|
Ram Awtar Ramsisaria |
338260 |
|
Sunita Ramsisaria |
70000 |
|
Shiv Kumar Ramsisaria |
1100 |
|
Nupur Ramsisaria |
11020 |
|
Suresh Kumar Ramsisaria |
10 |
|
Puspahas Agarwal |
387500 |
|
Amit Modi |
325000 |
|
Jai Kishore Totlani |
193750 |
|
Swati Modi |
200000 |
|
Bijay Laxmi Agarwal |
215000 |
|
Manoj Kumar Totlani |
125000 |
|
Sunil Kumar Totlani |
237500 |
|
Vandana Totlani |
87500 |
|
Chandra Prakash Ramsisaria |
782500 |
|
Namrata Totlani |
100000 |
|
Indira Devi |
25000 |
|
Ramsisaria Builders Limited |
2258000 |
|
Vandana Ghira Nirman Limited |
2107000 |
|
Piyush Fiscal Limited |
700000 |
|
Niraj Ramsisaria |
79610 |
|
Narayani Builders Private Limited |
1500 |
|
Basudev Exports Private Limited |
500600 |
|
MKS Towers International Private Limited |
4000 |
|
Meriton Towers Private Limited |
3500 |
|
Praveen Jain |
100 |
|
Neera Jain |
100 |
|
Ajay Jain |
100 |
|
Satish Yadav |
100 |
|
Sonia Agarwal |
200000 |
|
Manoj Kumar Ramsisaria |
15000 |
|
Kailash Pati Developers India Private Limited |
596250 |
|
Ritesh Bohra |
2250 |
|
Rajat Polypack Private Limited |
1323000 |
|
Total |
10890250 |
As on 28.09.2012
|
Names of
Shareholders |
No. of Preference Shares |
|
Narayani Builders Private Limited |
224400 |
|
Basudev Exports Private Limited |
207200 |
|
MKS Towers International Private Limited |
198600 |
|
Meriton Towers Private Limited |
198600 |
|
Total |
828800 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
|
|
Bodies corporate |
68.81 |
|
Directors or relatives of Directors |
31.16 |
|
Other top fifty shareholders |
0.03 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Real estate and developing builder of residential apartment and
commercial complexes.( ABA Builders Limited) Importer, Trader and Dealer of Plastic Raw Materials. (ABA Overseas) |
||||
|
|
|
||||
|
Products : |
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
12 (Approximately) (ABA Overseas) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lochan and Company Chartered Accountants |
|
Address : |
415, Krishna Apra Plaza, Sector 18, Noida- 201301, Uttar Pradesh,
India |
|
PAN No.: |
AEEPB0906N |
|
|
|
|
Related Party : |
Concord Infrastructure Private Limited, India CIN :U70109DL2006PTC152533 Supersonic Technobuild Private Limited, India CIN :U70109DL2006PTC151362 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
Ramsisaria Builders Limited, India CIN : U45201WB1996PLC082080 County Infrastructures Private Limited, India CIN : U70200DL2010PTC206618 Vandana Griha Nirman Limited, India CIN :U45201WB1996PLC082079 |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
Rs.10/- each |
Rs. 140.000 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
Total |
|
Rs. 150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10890250 |
Equity Shares |
Rs.10/- each |
Rs. 108.903 Millions |
|
828800 |
Preference Shares |
Rs.10/- each |
Rs. 8.288 Millions |
|
|
Total |
|
Rs. 117.191
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
117.191 |
99.688 |
|
|
2] Share Application Money |
|
0.000 |
47.225 |
|
|
3] Reserves & Surplus |
|
1040.178 |
784.044 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
1157.369 |
930.957 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
914.613 |
555.151 |
|
|
2] Unsecured Loans |
|
165.556 |
289.833 |
|
|
TOTAL BORROWING |
|
1080.169 |
844.984 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2237.538 |
1775.941 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
29.769 |
30.286 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.056 |
0.066 |
|
|
DEFERRED TAX ASSETS |
|
0.551 |
0.413 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
1704.017
|
1639.506 |
|
|
Sundry Debtors |
|
264.572
|
562.322 |
|
|
Cash & Bank Balances |
|
253.419
|
74.358 |
|
|
Other Current Assets |
|
1.665
|
28.769 |
|
|
Loans & Advances |
|
650.699
|
59.914 |
|
Total
Current Assets |
|
2874.372
|
2364.869 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
57.752
|
80.700 |
|
|
Other Current Liabilities |
|
603.211
|
537.599 |
|
|
Provisions |
|
6.247
|
1.394 |
|
Total
Current Liabilities |
|
667.210
|
619.693 |
|
|
Net Current Assets |
|
2207.162
|
1745.176 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
2237.538 |
1775.941 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1533.355 |
1414.278 |
|
|
|
Other Income |
|
10.178 |
11.616 |
|
|
|
TOTAL |
|
1543.533 |
1425.894 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
1135.017 |
811.935 |
|
|
|
Purchases of stock-in-trade |
|
289.257 |
296.690 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
(328.382) |
26.375 |
|
|
|
Employee benefit expense |
|
39.766 |
30.281 |
|
|
|
Other expenses |
|
148.551 |
62.067 |
|
|
|
TOTAL |
|
1284.209 |
1227.348 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
259.325 |
198.546 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
101.702 |
114.396 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
157.623 |
84.150 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
|
5.602 |
6.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
152.021 |
77.767 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
51.009 |
25.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
101.012 |
51.906 |
|
|
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.)
Basic |
|
9.09 |
5.68 |
|
|
|
Diluted
|
|
8.62 |
5.21 |
|
Expected Sales (2012-2013) Rs. 40.000 till the date in ABA Overseas
The above information has been parted by Mr. T C Agarwal (Accounts)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
6.54
|
3.64 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.91
|
5.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
5.23
|
3.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.13
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.93
|
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.31
|
3.81 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
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 |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Incorporate Deposits |
163.056 |
261.344 |
|
Loans and Advances from Directors |
2.500 |
28.489 |
|
Total |
165.556 |
289.833
|
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U70101WB1988PLC045438 |
|
Name of the
company |
ABA BUILDERS LTD |
|
Address of the
registered office or of the principal place of business in |
16 A, Chowringhee Mansion, 30, J L Road, Kolkata – 700 016, West
Bengal, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Immovable Property |
|
Particular of
charge holder |
Kotak Mahindra Prime Limited 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai -400021, Maharashtra India Email :harish.shah@kotak.com |
|
Nature of
instrument creating charge |
Memorandum of
deposit of Title deeds dated 22.10.2012 for granting Working Capital Term
Loan (Non revolving) for general Business purposes |
|
Date of
instrument Creating the charge |
22/10/2012 |
|
Amount secured by
the charge |
Rs. 250.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
(Base rate + 7.50% pa) at present 17.25% p.a. floating
over the tenure of the facility Terms of Repayment To be repaid in
18 monthly installments starting from 7th month of disbursement. First 17
installments – 13.800 Millions and Last
Installment - 15.400 Millions Margin Security cover of
2.25 times shall be maintained at all times Extent and Operation of the charge
As per Agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
All rights,
Interest, development rights, receivable, book debt, receipts, balance
and benefits of 55 unsold residential
units admeasuring 1,53,045 sq ft in
Orange County in tower 1 to15 at Plot No GH4,
AhinsaKhand-1,Indirapuram,Gzb,Uttar Pradesh, and All rights, Interest,
development rights, receivable, book debt, receipts, balance, benefits of 19
unsold residential units admeasuring 33,876 sq ft and Commercial Area 25,275
sq ft in Tower 16 of Orange County at Plot No GH 4,Ahinsa Khand-1,Indirapuram,Gzb,Uttar
Pradesh. Escrow of Receivables from property is offered as security Corporate
Guarantee of Ramsisaria Builders Limited and Vandana Grigha Nirman Limited
and Kailash Pati Developers Private Limited |
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.54.38 |
|
|
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
RSMK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
4 |
|
--MARGINS |
-5~5 |
2 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.