MIRA INFORM REPORT
|
Report Date : |
23.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
Karmaa Realty |
|
|
|
|
Registered
Office : |
201, Oberoi Chamber II, Link Road, Andheri (West), Mumbai – 400053,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
13.04.2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.81.043 Millions |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Construction of Residential Buildings. |
|
|
|
|
No. of Employees
: |
06 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
- |
NB |
New Business |
- |
|
|
Maximum Credit Limit : |
USD 324000 |
|
|
|
|
Status : |
New Project |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
Subject was started in 2010, but was expected to start its business activity
on 11.04.2013, as informed by Mr. Shekar, Chartered Accountant. However, subject belongs to a very resourceful group and the Group
Bankers, Oriental Bank of Commerce, New Link Road, Andheri (West) Branch, had
issued them a solvency certificate amounting to Rs.1000.000 Millions on
03.04.2012. No further information on the subject could be available at
present. It would be advisable to take adequate securities and group guarantee
while dealing with the subject. |
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 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Aditya Talwar |
|
Designation : |
Marketing and Sales department |
|
Contact No.: |
91-9820117463 |
LOCATIONS
|
Registered Office : |
201, Oberoi Chamber II, Link Road, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Tel. No.: |
91-22-65278921 |
|
Fax No.: |
91-22-42126666 |
|
E-Mail : |
|
|
Area : |
645sq.fts |
|
Location : |
Owned |
|
|
|
|
Site Office : |
S No.400/A/5/1,5,6,7,8 Eknath Baugh Tigrania Road, off Tapovan Road,
Nashik – 422011, Maharashtra, India |
PARTNERS
|
Name : |
Mr. Vinod Talwar |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Chandra Talwar |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Sunil Gupta |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mrs. Kavita Gupta |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Aditya Talwar |
|
Designation : |
Marketing and Sales department |
BUSINESS DETAILS
|
Line of Business : |
Construction of Residential Buildings. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit, Advance Payment
|
|
|
|
|
Purchasing : |
Cash and Credit, Advance Payment
|
GENERAL INFORMATION
|
No. of Employees : |
06 (Approximately) |
|
|
|
|
Bankers : |
Oriental Bank of Commerce, Lokhandwala, Andheri (West), Mumbai,
Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N P Patwa and Company Chartered Accountant |
|
Address : |
Versova, Andheri |
|
|
|
|
Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.81.043 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.81.043 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
81.043 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
81.043 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
9.809 |
|
|
TOTAL BORROWING |
|
|
9.809 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
90.852 |
|
|
|
|
|
|
|
|
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 |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.287 |
|
|
Other Current Assets & Loans & Advances |
|
|
90.623 |
|
Total
Current Assets |
|
|
90.910 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
0.058 |
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
0.058 |
|
|
Net Current Assets |
|
|
90.852 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
90.852 |
|
The above information has been parted by Mr. Aditya Talwar (Marketing
and Sales Department)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2012 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
1567.41 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-------- |
|
22] |
Litigations that the firm
/ promoter involved in |
-------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-------- |
|
26] |
Buyer visit details |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
KARMAA REALTY:
Subject is a partnership between Mr. Sunil
Gupta and Mr. Vinod Talwar. The promoter of D.S. Gupta Construction Private
Limited and Karmaa Realty respectively. It got started on 13th April
2010 and is an owner and developer of real estate in India.
Since its inception, the promoter of the
Karmaa Realty branch have been synonymous with quality, value transparency and
contemporary real estate design.
Working with notable partners such as Urban
Studio, U.D. Chande Consulting Engineers and Rupali and Vivek Jaykhedkar. Karma
Realty Construction continues to create projects of the highest quality,
aesthetic relevance and enduring value across India.
SHAREHOLDING PATTERN:
The following shows the share holding pattern of Karmaa Reality
|
PARTNER |
HOLDING OF
SHARES [%] |
|
Sunil Gupta |
28.75% |
|
Vinod Talwar |
21.25% |
|
Kavita Gupta |
28.75% |
|
Chandra Talwar |
21.25% |
|
TOTAL |
100.00% |
ASSOCIATES COMPANIES:
D.S. GUPTA CONSTRUCTION PRIVATE LIMITED:
D.S. Gupta Construction Private Limited is a
modern and dynamic company with a flair for completing quality project in a
short span of time. Specializing in the
field of sanitary installation, plumbing, extern services and fire fighting and
detection systems. The company has a well planned central work-shop as well as
central stores at Mumbai, coupled with extensive inventory of plant and
equipment for achieving the best quality of work and completion of projects in
shortest possible time frame.
No wonder, with the vision of Mr. Sunil Gupta,
who incorporated the company four decades ago, has transformed D.S. Gupta
Construction Private Limited into THE LEADING ORGANIZATION IN INDIA and is
privileged to get associated with a diverse range of project right from Hotels,
Hospitals, Industries, Educational Institutions, Commercial Buildings, IT
Parks, Call Centers, Residential Units, High Rise Building, Shopping Mall,
Infrastructure Projects, so on and so forth.
FINANCIAL PERFORMANCE OF D.S. GUPTA CONSTRUCTION:
The brief highlights of D.S. Gupta Construction Private Limited
financial performance in the last three years are as under:
Rs. in Millions
|
PARTICULAR |
FY-2010 |
FY-2011 |
FY-2012 |
|
Revenue |
1456.200 |
918.500 |
149.100 |
|
EBITDA |
200.900 |
476.900 |
25.100 |
|
Net Profit |
106.400 |
288.400 |
02.400 |
|
Cash Profit |
106.400 |
291.800 |
05.900 |
|
Net Worth |
290.800 |
581.100 |
444.700 |
|
Fixed Assets Net Block |
22.000 |
27.400 |
30.300 |
|
TOL/TNW |
07.100 |
00.200 |
08.000 |
|
|
|
|
|
|
Current Ratio |
2.91 |
1.68 |
1.26 |
BANKER DETAILS:
Loan against FDR form Oriental Bank of
Commerce amounting to Rs.353.200 Millions.
------------------------------------------------------------------------------------------------------------------------------
KARMAA BUILDERS:
Karmaa Builders, the name that is associated
with quality and reliability for over 25 years in Real Estate in Mumbai. With
years of experience behind us, we strive to ensure that each project of their
becomes more than a sum of its parts. Backed by over 30 years of experience.
Karmaa has risen to embody stringent ethics in its field, with a strong
reputation of quality and promise Karmaa has been in the business of
residential property development in Nasik since 2007.
Having successfully developed Karmaa Heights
in Nasik. Karmaa Builders is now focusing its efforts towards the big city.
Karmaa Residency located in a rapidly developing par of Nasik. Karmaa Residency
is a premium residential property. It not only offers a luxurious living space,
but also a family oriented lifestyle.
FINANCIAL PERFORMANCE OF KARMAA BUILDERS:
The brief highlights of Karmaa Builders financial performance in the
last three years are as under:
Rs. in Millions
|
PARTICULAR |
FY-2010 |
FY-2011 |
FY-2012 |
|
Revenue |
111.700 |
49.000 |
09.000 |
|
Gross Profit |
44.700 |
24.400 |
0.000 |
|
Net Profit |
44.100 |
22.300 |
04.400 |
|
Cash Profit |
44.200 |
24.400 |
04.700 |
|
Net Worth |
38.200 |
32.100 |
36.600 |
|
Fixed Assets Net Block |
01.100 |
01.100 |
02.100 |
------------------------------------------------------------------------------------------------------------------------------
KEY PERSONAL OF KARMAA REALTY:
- Mr. Sunil
Gupta has over two decades of experiences in real estate development
construction activities. Mr. Sunil Gupta is also the Managing Director of
D.S. Gupta Construction Private Limited and Surya Inns Limited owners of
the Surya Retreat Hotel, Mahabaleshwar and Maharashtra. Apart from this
Mr. Sunil Gupta takes a keen interest in Hotel Industries.
He is a graduate
of Delhi University with more than 31 years of experience in the field. He
founded the company D.S. Gupta Construction Company which won accolades and
gained credentials with the dynamism comprising quality work, and by meeting
tough deadlines. Due to his excellent leadership and company performance, the
company bagged consecutive assignments and achieved spectacular growth in a
very short span of time. Year back he sold his company’s one business division
on Blue Star Company with Good Valuation. Presently Mr. Sunil Gupta is on
advisory Board to Blue Star Limited.
List of companies established by Sunil Gupta:
- D.S. Gupta
Construction Private Limited Managing Director of the company, Mr. Gupta
is executing several prominent projects under the brand. One of the
divisions of the company is sold to the company Blue Star Limited
evaluated at a notable value.
- Surya Inns
Limited conceiving the idea of building a Hotel in Maharashtra, Surya
Retreat Hotel was builds in 1992 over a vast area of 8 acres. The hotel is
successfully running with a total of 40 rooms.
- Karmaa
Realty-Realizing the potential of development in Nasik, Mr. Gupta has
partnered into a venture with Mr. Vinod Talwar to take forward the
established branch Karmaa to another level.
- Mr. Vinod
Talwar, the partner of the Karmaa Realty, is a B.E. (Civil), Mr. Vinod
Talwar has also over two decade of experience in real estate and
construction field. He is already completed 2.25 Lakh square feet
construction (total 172 no. of flats) during last three years by creating
branch name of “Karmaa Builders”, he started his career back in 1975 in
the field of construction. Vinod Talwar is very proficient in every respect
of the construction industry established Talwar Construction Company in
1984. He started executing turnkey project in Mumbai. Several Prominent
Project completed by him are:
- Sea Cliff (Juhu 1984): One of the first projects as Talwar Construction Company completed
successfully in a prominent location in Juhu.
- Sunkersett Palace (Grant Road 1999): One of the first few high rises in the city Sunkerseb Palace Stands
22 stories tall in Grant Road.
- Sea Cliff (Andheri 2004): Construction of a total area of 150000.00 sq. ft. Sea Cliff is a
landmark in Andheri.
In 2007 Vinod
Talwar established the Karmaa Branch forming the company Karmaa Builders and
started construction projects in Nasik, with the second project nearing
completed. Karmaa Builders stand as a prominent brand associated with quality
construction.
- Mrs. Kavita
Gupta the partner of the Karmaa Reality is a post graduate from Delhi
University. She is director in D.S. Gupta Construction Private Limited and
Surya Inns Limited. She is involved in day to day operation of Surya
Retreat Hotel.
- Mrs. Chandra
Talwar the partner of Karmaa Reality is a graduate and also plays a
pivotal role in Karma’s day to day operations.
------------------------------------------------------------------------------------------------------------------------------
SURYA INNS LIMITED
(RS.
IN MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
33.325 |
29.575 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
89.400 |
8.706 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
122.725 |
38.281 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
103.485 |
|
|
2] Unsecured Loans |
|
|
|
|
|
TOTAL BORROWING |
|
5.358 |
103.485 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
1.670 |
|
|
|
|
|
|
|
|
TOTAL |
|
128.083 |
143.436 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
135.802 |
37.550 |
|
|
Capital work-in-progress |
|
3.256 |
0.242 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
15.000 |
15.000 |
|
|
DEFERREX TAX ASSETS |
|
3.554 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.312 |
0.181 |
|
|
Sundry Debtors |
|
2.631 |
1.604 |
|
|
Cash & Bank Balances |
|
1.891 |
(0.332) |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
19.414 |
92.507 |
|
Total
Current Assets |
|
24.248 |
93.960 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
2.596 |
1.181 |
|
|
Other Current Liabilities |
|
47.912 |
0.405 |
|
|
Provisions |
|
3.269 |
1.730 |
|
Total
Current Liabilities |
|
53.777 |
3.316 |
|
|
Net Current Assets |
|
(29.529) |
90.644 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
128.083 |
143.436 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
28.334 |
24.964 |
|
|
|
Other Income |
|
0.129 |
0.099 |
|
|
|
TOTAL (A) |
|
28.463 |
25.063 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
4.126 |
3.127 |
|
|
|
Employees Benefit Expenses |
|
2.717 |
2.169 |
|
|
|
Other Expenses |
|
13.710 |
13.997 |
|
|
|
TOTAL (B) |
|
20.553 |
19.293 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
7.910 |
5.770 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.140 |
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
7.770 |
5.659 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.470 |
2.697 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
5.300 |
2.962 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
(4.144) |
2.287 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
9.444 |
0.675 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
|
|
|
|
|
Basic |
|
28.00 |
2.00 |
|
|
|
Diluted |
|
28.00 |
2.00 |
|
------------------------------------------------------------------------------------------------------------------------------
TALWAR CONSTRUCTION COMPANY
(RS.
IN MILLIONS)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.306 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.306 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.900 |
|
|
2] Unsecured Loans |
|
|
1.099 |
|
|
TOTAL BORROWING |
|
|
1.999 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.305 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.477 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
4.268 |
|
|
Cash & Bank Balances |
|
|
1.744 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.008 |
|
Total
Current Assets |
|
|
8.020 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3.615 |
|
|
Other Current Liabilities |
|
|
0.577 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
4.192 |
|
|
Net Current Assets |
|
|
3.828 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.305 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
13.810 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
13.810 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Subcontract Charges |
|
|
3.324 |
|
|
|
Labour Wages |
|
|
4.689 |
|
|
|
WIP (B/D) |
|
|
2.297 |
|
|
|
Service Tax Paid |
|
|
0.949 |
|
|
|
Office Maintenance Charges |
|
|
0.053 |
|
|
|
Professional Charges |
|
|
0.145 |
|
|
|
Other Expenses |
|
|
0.873 |
|
|
|
TOTAL |
|
|
12.330 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
1.480 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.587 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
0.893 |
|
------------------------------------------------------------------------------------------------------------------------------
Rs. in Millions
|
Networth of Kavita Sunil Gupta |
101.944 |
|
|
|
|
Networth of Sunil Devisahay Gupta |
152.875 |
JOINT NETWORTH
STATEMENT OF VINOD TALWAR AND CHANDRA TALWAR AS ON 31.03.2012
|
Name: |
Mrs. Chandra Vinod Talwar |
|
|
|
|
Father’s Name: |
Mr. Dhanraj Talwar |
|
|
|
|
Date of Birth: |
28.11.1958 |
|
|
|
|
Educational Qualification: |
Graduate |
|
|
|
|
Details of Passport: |
7997408 |
|
|
|
|
Whether IT assesses: |
Yes |
DETAILS OF IMMOVABLE
PROPERTY
|
Address and area
(sft) of the property |
Whether
Agricultural/ residential/ industrial |
Purchased in/
Purchase Value |
Self/
Ancestral/ Extent of Share |
Market Value (Rs. in
Millions) |
Details of
Encumbrance |
|
Flat at Skywalker, Lokhandwala Complex |
Residential |
Purchased in 1981 Rs.0.648 Million 50% Share |
Self |
32.500 = 50% Share = 16.250 |
Citi Bank Loan |
|
Furniture and Fixture and Fixture at Skywalker, Lokhandwala |
Residential |
Rs.2.588 Millions 50% Share |
Self |
2.588 = 50% Share = 1.294 |
|
|
Office at 210, Oberoi Chamber II, New Link Road, Andheri (West), Mumbai |
Commercial |
Purchase in the year 2004 Rs.1.850 Millions 50% Share |
Self |
20.000 = 50% Share = 10.000 |
Citi Bank Loan |
|
Land with Bunglow at Nasik |
Residential |
Purchase in 2007 Rs.4.704 Millions 50% Share |
Self |
30.000 = 50% Share = 15.000 |
|
|
Office at Nasik |
Commercial |
Purchase in 2009 Rs.1.084 Millions |
Self |
4.000 |
|
|
TOTAL – A |
46.544 |
|
|||
Rs. in Millions
|
Bank/Cash Balance |
1.960 |
|
|
|
|
Investment in companies/ firms/ loans given |
|
|
Karma Builders |
15.434 |
|
Karma Realty |
14.257 |
|
J.C. Construction Company |
2.235 |
|
Chandra Enterprises |
0.534 |
|
Cavy Enterprises |
2.049 |
|
PPF |
0.816 |
|
J.C. Construction (Loan) |
0.645 |
|
Karma Reality (Loan) |
5.054 |
|
Fixed Deposit with Bank |
0.638 |
|
Other Jewellery |
2.500 |
|
TOTAL – B |
46.122 |
|
|
|
|
TOTAL A + B |
92.666 |
|
Borrowing From |
Secured By |
Amount still to
be repaid [Rs. in
Millions] |
|
D.S. Gupta |
Unsecured |
3.250 |
|
Networth |
89.416 |
|
------------------------------------------------------------------------------------------------------------------------------
JOINT NETWORTH
STATEMENT OF VINOD TALWAR AND CHANDRA TALWAR AS ON 31.03.2012
|
Name: |
Mr. Vinod Madanlal Talwar |
|
|
|
|
Father’s Name: |
Mr. Madanlal Talwar |
|
|
|
|
Date of Birth: |
06.05.1952 |
|
|
|
|
Educational Qualification: |
Mr. Vinod – Civil Engineer |
|
|
|
|
Details of Passport: |
6645053 |
|
|
|
|
Whether IT assesses: |
Yes |
DETAILS OF IMMOVABLE
PROPERTY
|
Address and area
(sft) of the property |
Whether
Agricultural/ residential/ industrial |
Purchased in/
Purchase Value |
Self/
Ancestral/ Extent of Share |
Market Value (Rs. in
Millions) |
Details of
Encumbrance |
|
Flat at Skywalker, Lokhandwala Complex |
Residential |
Purchased in 1981 Rs.0.648 Million 50% Share |
Self |
32.500 = 50% Share = 16.250 |
Citi Bank Loan |
|
Furniture and Fixture and Fixture at Skywalker, Lokhandwala |
Residential |
Rs.2.588 Millions 50% Share |
Self |
2.588 = 50% Share = 1.294 |
|
|
Office at 210, Oberoi Chamber II, New Link Road, Andheri (West), Mumbai |
Commercial |
Purchase in the year 2004 Rs.1.850 Millions 50% Share |
Self |
20.000 = 50% Share = 10.000 |
Citi Bank Loan |
|
Land with Bunglow at Nasik |
Residential |
Purchase in 2007 Rs.4.704 Millions 50% Share |
Self |
30.000 = 50% Share = 15.000 |
|
|
TOTAL – A |
42.544 |
|
|||
Rs. in Millions
|
Bank/Cash Balance |
1.960 |
|
|
|
|
Investment in companies/ firms/ loans given |
|
|
Karmaa Builders (Capital) |
7.582 |
|
Karmaa Reality |
14.258 |
|
Karmaa Builders (Loan) |
6.582 |
|
Talwar Construction Company |
5.306 |
|
Publiv Providend Fund |
0.662 |
|
Karmaa Reality Loan |
4.755 |
|
|
|
|
TOTAL – B |
41.105 |
|
|
|
|
TOTAL A + B |
83.649 |
|
Borrowing From |
Secured By |
Amount still to
be repaid [Rs. in
Millions] |
|
Citi Bank Loan |
Office and Residential Flat |
3.607 |
|
Citi Bank Loan |
Office and Residential Flat |
10.887 |
|
D.S. Gupta Construction Private Limited |
-- |
3.250 |
|
|
|
|
|
Total
Liabilities |
17.744 |
|
|
Networth |
65.905 |
|
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.54.27 |
|
|
1 |
Rs.84.23 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
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.