MIRA INFORM REPORT

 

 

Report Date :

22.10.2013

 

IDENTIFICATION DETAILS

 

Name :

CARNOUSTIE MANAGEMENT PRIVATE LIMITED

 

 

Registered Office :

326, Master Mind 1, Royal Palm, Aarey Colony, Goregaon (East), Mumbai – 400090, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

04.09.2006

 

 

Com. Reg. No.:

11-164290

 

 

Capital Investment / Paid-up Capital :

Rs.162.680 Millions

 

 

CIN No.:

[Company Identification No.]

U92419MH2006PTC164290

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMC14822D

 

 

PAN No.:

[Permanent Account No.]

AACCC9741R

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing Real Estate, Hospitality, Security Services

 

 

No. of Employees :

250 (Approximately)

 

 

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 12400000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow But Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a part of Carnoustie Group. It is an established company having moderate track record. The management has failed the financial statements of 2012 but are not available with us. As per available financials of 2011, there appear some accumulated losses recorded by the company. Profitability position of the company is under pressure. However, trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealings on a 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

 

 

INDIAN ECONOMIC OVERVIEW

 

India’s current account deficit or CAD in April-June widened to 4.9 % of gross domestic product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9 billion in the corresponding quarter of the previous financial year. The government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.

 

The finance ministry has started preparations for Budget 2014/15. With general elections scheduled to be held by May next year, there will only be an interim budget. The new government will present the fiscal Budget.

 

The Supreme Court has barred clinical trials for new drugs till a monitoring mechanism is put in place to protect the lives of people on which the drugs are tested.

 

Mumbai has been named the world’s second most honest city according to a survey on 15 cities worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top spot for the world’s most honest city while Lisbon, the capital of Portugal, proved to be the least honest.  The survey put hundreds of people to test in four continents to find out just how honest they were by dropping wallets and seeing how many would be returned.

 

3.7 % Growth of the core sector in August, a seven month high. This takes the overall growth in April-August this year to 2.3 % compared with 6.3 % in the corresponding period next financial year.

 

$19 million Estimated average spending by companies across the globe including India, on social media this year, according to a global study by information technology major Tata Consultancy Services. This will rise to $ 24 million in 2015.

 

Rising inflation, fewer employment avenues and dwindling earnings are taking a toll on the spending capacity in India. Over 72 % respondents from middle and lower middle income families would be forced to slash their Diwali expenditure by 40 % and on average spend nearly 25 % of their monthly salary on Diwali, according to a survey by Assochem.

 

Analysts believe the shutdown of the US government would have limited impact in sectors such as IT or tourism that are dependent on Visa clearances.

 

 

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 :

Mr. V P Singh

Designation :

Head in HR Admin

Contact No.:

91-9910604383

Date :

18.10.2013

 

 

LOCATIONS

 

Registered Office :

326, Master Mind 1, Royal Palm, Aarey Colony, Goregaon (East), Mumbai – 400090, Maharashtra, India

Tel. No.:

91-22-65296482

Mobile No.:

91-9910604383 (Mr. V. P. Singh)

Fax No.:

91-22-28790480

E-Mail :

info@carnoustiegroup.com

info@carnoustie.in

rajmalik05@yahoo.co.uk

Website :

www.carnoustiegroup.com

www.carnoustie.in

Location :

Owned

 

 

Head Office :

A-150, Sector 43, Noida – 201303, Uttar Pradesh, India

Tel. No.:

91-120-2577150/ 4562637

Fax No.:

91-120-2577701/ 4562637

 

 

DIRECTORS

 

AS ON 29.09.2012

 

Name :

Mr. Rajesh Malik

Designation :

Director

Address :

68, Poorvi Marg, Vasant Vihar, New Delhi-110057, India

Date of Birth/Age :

09.02.1962

Qualification :

C.A

Date of Appointment :

04.09.2006

DIN No.:

00017254

 

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

U67190MH2004PTC146143

R.S.RESOURCE MANAGEMENT CONSULTING PRIVATE LIMITED

Director

04/06/2004

04/06/2004

-

Active

NO

2

L67190PN1985PLC142555

INNOVENTIVE VENTURE LIMITED

Director

01/09/2005

01/09/2005

30/03/2008

Active

NO

3

U45200MH2004PTC150201

PARADISE INFRASTRUCTURES PRIVATE LIMITED

Whole-time director

29/12/2005

29/12/2005

05/09/2007

Active

NO

4

U51900MH2000PTC127189

PREMIERE MERCANTILE AND SERVICES (INDIA) PRIVATE LIMITED

Director

10/01/2006

10/01/2006

-

Strike off

NO

5

U23200MH2006PTC159354

BLUE OCEAN OIL AND GAS PRIVATE LIMITED

Director

30/01/2006

30/01/2006

09/03/2007

Active

NO

6

U11102MH2006PTC159351

FLAT EARTH OIL AND GAS PRIVATE LIMITED

Director

30/01/2006

30/01/2006

09/03/2007

Active

NO

7

U51109WB1997PTC085044

HORIZON SATELLITE SERVICES PRIVATE LIMITED

Director

01/02/2006

01/02/2006

03/11/2008

Active

NO

8

U11200MH2006PTC160232

FLAT OCEAN RESOURCES PRIVATE LIMITED

Director

03/03/2006

03/03/2006

09/03/2007

Active

NO

9

U55101GA2005PTC004275

BETUL HOSPITALITY PARKS PRIVATE LIMITED

Director

15/03/2006

15/03/2006

-

Active

NO

10

U74140MH2006PTC163867

VARMERA RESOURCES PRIVATE LIMITED

Director

18/08/2006

18/08/2006

-

Active

NO

11

U92419MH2006PTC164290

CARNOUSTIE MANAGEMENT PRIVATE LIMITED

Managing director

14/01/2013

04/09/2006

-

Active

NO

12

U45201DL2005PTC136062

MULTIVISION INFRASTRUCTURE PRIVATE LIMITED

Director

17/03/2007

17/03/2007

-

Active

NO

13

U45400MH2007PTC169360

CBS INTERNATIONAL PROJECTS PRIVATE LIMITED

Director

30/09/2008

04/05/2007

-

Active

NO

14

U51102MH2007PTC168738

P K MANAGEMENT CONSULTANCY SERVICES PRIVATE LIMITED

Director

24/06/2007

24/06/2007

-

Active

NO

15

U45200MH2007PTC172274

CARNOUSTIE REALTORS PRIVATE LIMITED

Director

12/07/2007

12/07/2007

-

Active

NO

16

U45400WB2007PTC117378

ELECTRA HEIGHTS PRIVATE LIMITED.

Director

25/07/2007

25/07/2007

-

Active

NO

17

U45400DL2007PTC165154

Coho Construction Systems Private Limited

Director

25/07/2007

25/07/2007

27/03/2009

Active

NO

18

U45200MH2007PTC172999

CARNOUSTIE PROJECTS PRIVATE LIMITED

Director

09/08/2007

09/08/2007

-

Active

NO

19

U92190MH2007PTC172996

CARNOUSTIE ENTERTAINMENT PRIVATE LIMITED

Director

09/08/2007

09/08/2007

-

Active

NO

20

U55101MH2007PTC173009

CARNOUSTIE RESORTS PRIVATE LIMITED

Director

10/08/2007

10/08/2007

-

Active

NO

21

U55101MH2007PTC174066

CARNOUSTIE ECO-RESORTS PRIVATE LIMITED

Director

12/09/2007

12/09/2007

-

Active

NO

22

U70101WB2007PTC117632

MATRIX NIRMAN PRIVATE LIMITED.

Director

26/10/2007

26/10/2007

-

Strike off

NO

23

U92412MH2007PTC176047

CARNOUSTIE SPORTS PRIVATE LIMITED

Director

20/11/2007

20/11/2007

-

Active

NO

24

U45400DL2007PTC170891

A TO Z REALTORS PRIVATE LIMITED

Director

29/11/2007

29/11/2007

-

Active

NO

25

U74899DL2006PTC144401

SDS DEVELOPERS PRIVATE LIMITED

Director

15/12/2007

15/12/2007

-

Strike off

NO

26

U70200DL2007PTC170298

ILAM DEVELOPERS PRIVATE LIMITED

Director

25/09/2009

18/12/2007

25/02/2012

Active

NO

27

U70200DL2007PTC170296

MARAS PROPERTIES PRIVATE LIMITED

Director

31/12/2008

18/12/2007

06/10/2012

Active

NO

28

U74140DL2008PTC174071

CARNOUSTIE CONSULTING PRIVATE LIMITED

Director

15/02/2008

15/02/2008

-

Active

NO

29

U70109DL2008PTC175394

ALAKNANDA REALTORS PRIVATE LIMITED

Director

14/03/2008

14/03/2008

-

Active

NO

30

U45209MH2007PTC174664

CARNOUSTIE PROPERTIES PRIVATE LIMITED

Director

23/04/2008

23/04/2008

-

Active

NO

31

U70109DL2006PTC150198

COUNTY DEVELOPERS PRIVATE LIMITED

Director

12/06/2008

12/06/2008

27/01/2009

Active

NO

32

U45200DL2008PTC180188

CARNOUSTIE INTERNATIONAL PRIVATE LIMITED

Director

27/06/2008

27/06/2008

-

Active

NO

33

U45200MH2008PTC182275

TWO AAR's HEALTH AND FITNESS PRIVATE LIMITED

Director

04/08/2009

12/07/2008

-

Active

NO

34

U45400DL2008PTC173185

CONISTON DEVELOPERS PRIVATE LIMITED

Additional director

25/06/2013

23/07/2008

-

Active

NO

35

U45400DL2008PTC173149

NERIS DEVELOPERS PRIVATE LIMITED

Director

23/12/2008

23/07/2008

-

Active

NO

36

U45400DL2008PTC173150

CARNOUSTIE LEISURE PRIVATE LIMITED

Director

23/12/2008

23/07/2008

-

Active

NO

37

U45400DL2008PTC173183

CESTOS DEVELOPERS PRIVATE LIMITED

Director

22/12/2008

23/07/2008

10/03/2009

Active

NO

38

U70102MH2007PTC174065

SHLOKA REALTORS PRIVATE LIMITED

Director

07/08/2008

07/08/2008

-

Active

NO

39

U74920DL2008PTC182436

CARNOUSTIE SECURITY PRIVATE LIMITED

Director

26/08/2008

26/08/2008

-

Active

NO

40

U01403DL2008PTC183794

CARNOUSTIE AGRO PRIVATE LIMITED

Director

26/09/2008

26/09/2008

-

Active

NO

41

U45200DL2008PTC184724

CARNOUSTIE CONSTRUCTIONS PRIVATE LIMITED

Director

06/11/2008

06/11/2008

-

Active

NO

42

U72200DL2008PTC172818

CARNOUSTIE SERVICES PRIVATE LIMITED

Director

19/11/2008

19/11/2008

-

Active

NO

43

U74120DL2008PTC186169

STUPA CONSULTING PRIVATE LIMITED

Director

26/12/2008

26/12/2008

-

Active

NO

44

U92412DL2010PTC202871

CARNOUSTIE GOLF AND SPORTING INFRASTRUCTURE PRIVATE LIMITED

Director

19/05/2010

19/05/2010

-

Active

NO

45

U18109DL2008PTC172110

CENTURY GARMENTS PRIVATE LIMITED

Director

28/09/2011

11/04/2011

-

Active

NO

46

U45201DL2005PTC139269

K S DEVELOPERS PRIVATE LIMITED

Director

18/08/2012

29/09/2011

22/04/2013

Active

NO

47

U45205KA2012PTC064672

TRITEUS HOLDINGS PRIVATE LIMITED

Director

02/07/2012

02/07/2012

-

Active

NO

48

U74920DL2012PTC241035

TASHIND SURVEILLANCE AND SECURITY NETWORK PRIVATE LIMITED

Director

25/08/2012

25/08/2012

-

Active

NO

 

 

Name :

Mr. Randeep Waraich

Designation :

Director

Address :

302 Jai Jagdamba Apartments, Eduljeee Road, Cherai, Thane – 400601, Maharashtra, India

Date of Birth/Age :

11.04.1967

Qualification :

Ex-NDA

Date of Appointment :

04.09.2006

DIN No.:

00023570

 

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

U67190MH2004PTC146143

R.S.RESOURCE MANAGEMENT CONSULTING PRIVATE LIMITED

Director

07/05/2004

07/05/2004

-

Active

NO

2

U51900MH2000PTC127189

PREMIERE MERCANTILE AND SERVICES (INDIA) PRIVATE LIMITED

Director

10/01/2006

10/01/2006

-

Strike off

NO

3

U55101GA2005PTC004275

BETUL HOSPITALITY PARKS PRIVATE LIMITED

Director

15/03/2006

15/03/2006

-

Active

NO

4

U92419MH2006PTC164290

CARNOUSTIE MANAGEMENT PRIVATE LIMITED

Managing director

14/01/2013

04/09/2006

-

Active

NO

5

U45201DL2005PTC136062

MULTIVISION INFRASTRUCTURE PRIVATE LIMITED

Director

17/03/2007

17/03/2007

-

Active

NO

6

U45400MH2007PTC169360

CBS INTERNATIONAL PROJECTS PRIVATE LIMITED

Director

30/09/2008

04/05/2007

-

Active

NO

7

U51102MH2007PTC168738

P K MANAGEMENT CONSULTANCY SERVICES PRIVATE LIMITED

Director

24/06/2007

24/06/2007

-

Active

NO

8

U45200MH2007PTC172274

CARNOUSTIE REALTORS PRIVATE LIMITED

Director

12/07/2007

12/07/2007

-

Active

NO

9

U45400WB2007PTC117378

ELECTRA HEIGHTS PRIVATE LIMITED.

Director

25/07/2007

25/07/2007

-

Active

NO

10

U45400DL2007PTC165154

COHO CONSTRUCTION SYSTEMS PRIVATE LIMITED

Director

25/07/2007

25/07/2007

27/03/2009

Active

NO

11

U45200MH2007PTC172999

CARNOUSTIE PROJECTS PRIVATE LIMITED

Director

09/08/2007

09/08/2007

-

Active

NO

12

U92190MH2007PTC172996

CARNOUSTIE ENTERTAINMENT PRIVATE LIMITED

Director

09/08/2007

09/08/2007

-

Active

NO

13

U55101MH2007PTC173009

CARNOUSTIE RESORTS PRIVATE LIMITED

Director

10/08/2007

10/08/2007

-

Active

NO

14

U70101WB2007PTC117632

MATRIX NIRMAN PRIVATE LIMITED.

Director

20/10/2008

14/08/2007

-

Strike off

NO

15

U55101MH2007PTC174066

CARNOUSTIE ECO-RESORTS PRIVATE LIMITED

Director

12/09/2007

12/09/2007

-

Active

NO

16

U55101MH2007PTC174540

SNOWFLAKE RESORTS PRIVATE LIMITED

Director

27/09/2007

27/09/2007

-

Active

NO

17

U45209MH2007PTC174664

CARNOUSTIE PROPERTIES PRIVATE LIMITED

Director

03/10/2007

03/10/2007

-

Active

NO

18

U92412MH2007PTC176047

CARNOUSTIE SPORTS PRIVATE LIMITED

Director

20/11/2007

20/11/2007

-

Active

NO

19

U45400DL2007PTC170891

A TO Z REALTORS PRIVATE LIMITED

Director

29/11/2007

29/11/2007

-

Active

NO

20

U45202MH2008PTC178926

WARAICH ENTERPRISES PRIVATE LIMITED

Director

15/02/2008

15/02/2008

-

Active

NO

21

U74140DL2008PTC174071

CARNOUSTIE CONSULTING PRIVATE LIMITED

Director

15/02/2008

15/02/2008

-

Active

NO

22

U70109DL2008PTC175394

ALAKNANDA REALTORS PRIVATE LIMITED

Director

14/03/2008

14/03/2008

-

Active

NO

23

U70109DL2006PTC150198

COUNTY DEVELOPERS PRIVATE LIMITED

Director

12/06/2008

12/06/2008

27/01/2009

Active

NO

24

U45200DL2008PTC180188

CARNOUSTIE INTERNATIONAL PRIVATE LIMITED

Director

27/06/2008

27/06/2008

-

Active

NO

25

U45200MH2008PTC182275

TWO AAR's HEALTH AND FITNESS PRIVATE LIMITED

Director

04/08/2009

12/07/2008

-

Active

NO

26

U45400DL2008PTC173185

CONISTON DEVELOPERS PRIVATE LIMITED

Additional director

25/06/2013

23/07/2008

-

Active

NO

27

U45400DL2008PTC173149

NERIS DEVELOPERS PRIVATE LIMITED

Director

23/12/2008

23/07/2008

-

Active

NO

28

U45400DL2008PTC173150

CARNOUSTIE LEISURE PRIVATE LIMITED

Director

23/07/2008

23/07/2008

-

Active

NO

29

U45400DL2008PTC173183

CESTOS DEVELOPERS PRIVATE LIMITED

Director

22/12/2008

23/07/2008

10/03/2009

Active

NO

30

U70102MH2007PTC174065

SHLOKA REALTORS PRIVATE LIMITED

Director

07/08/2008

07/08/2008

-

Active

NO

31

U74920DL2008PTC182436

CARNOUSTIE SECURITY PRIVATE LIMITED

Director

26/08/2008

26/08/2008

-

Active

NO

32

U01403DL2008PTC183794

CARNOUSTIE AGRO PRIVATE LIMITED

Director

26/09/2008

26/09/2008

-

Active

NO

33

U70200DL2007PTC170296

MARAS PROPERTIES PRIVATE LIMITED

Director

03/10/2008

03/10/2008

06/10/2012

Active

NO

34

U45200DL2008PTC184724

CARNOUSTIE CONSTRUCTIONS PRIVATE LIMITED

Director

06/11/2008

06/11/2008

-

Active

NO

35

U72200DL2008PTC172818

CARNOUSTIE SERVICES PRIVATE LIMITED

Director

19/11/2008

19/11/2008

-

Active

NO

36

U74899DL2006PTC144401

SDS DEVELOPERS PRIVATE LIMITED

Director

25/11/2008

25/11/2008

-

Strike off

NO

37

U70102MH2009PTC194206

WARAICH INFRASTRUCTURE PRIVATE LIMITED

Director

18/07/2009

18/07/2009

-

Active

NO

38

U74140MH2009PTC194522

WARAICH MANAGEMENT PRIVATE LIMITED

Director

31/07/2009

31/07/2009

-

Active

NO

39

U70101DL2009PTC196650

JACKPOT REALTY SOLUTIONS PRIVATE LIMITED

Director

04/12/2009

04/12/2009

28/03/2011

Active

NO

40

U92412DL2010PTC202871

CARNOUSTIE GOLF AND SPORTING INFRASTRUCTURE PRIVATE LIMITED

Director

19/05/2010

19/05/2010

-

Active

NO

41

U18109DL2008PTC172110

CENTURY GARMENTS PRIVATE LIMITED

Director

28/09/2011

11/04/2011

-

Active

NO

42

U45201DL2005PTC139269

K S DEVELOPERS PRIVATE LIMITED

Director

18/08/2012

29/09/2011

-

Active

NO

43

U74920DL2012PTC241035

TASHIND SURVEILLANCE AND SECURITY NETWORK PRIVATE LIMITED

Director

25/08/2012

25/08/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. V. P. Singh

Designation :

Head in HR and Admin

 

 

Name :

Mr. Parveen Kumar Suhag

Designation :

Company Secretary

Address :

S-256-C, School Block, Shakarpur, Delhi – 110092, India

Date of Birth/Age :

18.04.1977

Date of Appointment :

09.06.2010

Pan No.:

AUXPK7066R

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2012

 

Names of Equity Shareholders

Class A

Class B

Rajesh Malik

7020000

--

Randeep Waraich

7020000

--

Carnoustie Security Private Limited, India

20000

--

Carnoustie Consulting Private Limited, India

10500

--

Unitech Limited, India

--

2237030

Bikanervala Real Estates Private Limited, India

--

28333

Omkar Realtors and Developer Private Limited, India

--

36666

Shivalik Ventures Private Limited, India

--

66666

Arvinder Singh

--

3333

DLF Home Developers Limited, India

--

40000

Bravo Builders Private Limited, India

--

100000

Carnoustie Consulting Private Limited, India

--

3333

TOTAL

14070500

2515361

 

AS ON 29.09.2012

 

Equity Shares Break Up

Percentage of Holding

Bodies corporate

15.33

Directors or relatives of Directors

84.65

Other top fifty shareholders

0.02

TOTAL

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Real Estate, Hospitality, Security Services.

 

 

GENERAL INFORMATION

 

No. of Employees :

250 (Approximately)

 

 

Bankers :

State Bank of India, Delhi Branch, India

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Prashant Kumar and Associates

Chartered Accountant

Address :

7/8, Punjabi Bagh Extension, New Delhi – 110026, India

Tel. No.:

91-11-25225536

E-Mail :

prashankumar95@yahoo.co.in

Pan No.:

AAAPK4160B

 

 

Subsidiaries :

  • Carnoustie Projects Private Limited

      CIN No.: U45200MH2007PTC172999

 

  • Carnoustie Realtors Private Limited

      CIN No.: U45200MH2007PTC172274

 

  • Carnoustie Resorts Private Limited

      CIN No.: U55101MH2007PTC173009

 

  • Carnoustie Trading Private Limited

      CIN No.: U45200DL2008PTC180188

 

  • Electra Heights Private Limited

      CIN No.: U45400WB2007PTC117378

 

  • Maras Properties Private Limited

      CIN No.: U70200DL2007PTC170296

 

  • Matrix Nirman Private Limited

      CIN No.: U70101WB2007PTC117632

 

  • Neris Developers Private Limited

      CIN No.: U45400DL2008PTC173149

 

  • P K Management Consultancy Services Private Limited

      CIN No.: U51102MH2007PTC168738

 

  • SDS Developers Private Limited

      CIN No.: U74899DL2006PTC144401

 

  • Shloka Realtors Private Limited

      CIN No.: U70102MH2007PTC174065

 

  • Two Aar's Health and Fitness Private Limited (Formerly Known as Maroo Properties Private Limited)

      CIN No.: U45200MH2008PTC182275

 

  • Alaknanda Realtors Private Limited

CIN No.: U70109DL2008PTC175394

 

  • Carnoustie Services Private Limited

CIN No.: U72200DL2008PTC172818

 

  • A to Z Realtors Private Limited
  • Carnoustie Eco-Resorts Private Limited

CIN No.: U55101MH2007PTC174066

 

  • Carnoustie International Private Limited

CIN No.: U45200DL2008PTC180188

 

  • Carnoustie Agro Private Limited (Formerly Known as Carnoustie Biofuel Private Limited

CIN No.: U01403DL2008PTC183794

 

  • Carnoustie  Entertainment Private Limited

CIN No.: U92190MH2007PTC172996

 

  • Arihant IT Parks Private Limited
  • Carnoustie Leisure Private Limited
  • Neris Developers Private Limited

CIN No.: U45400DL2008PTC173149

 

 

Associates :

  • Carnoustie Properties Private Limited

CIN No.: U45209MH2007PTC174664

 

  • Carnoustie Sports Private Limited

CIN No.:  U92412MH2007PTC176047

 

  • Betul Hospitality Parks Private Limited

CIN No.: U55101GA2005PTC004275

 

  • CBS International Projects Private Limited

CIN No.: U45400MH2007PTC169360

 

  • Carnoustie Tech Private Limited

CIN No.: U67190MH2004PTC146143

 

  • Multivision Infrastructure Private Limited

CIN No.: U45201DL2005PTC136062

 

  • Ilam Developers Private Limited

CIN No.: U70200DL2007PTC170298

 

  • K S Developers Private Limited

CIN No.: U45201DL2005PTC139269

 

  • Ibonshourne Limited

 

 

CAPITAL STRUCTURE

 

AS ON: 29.09.2012

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

35000000

Equity Shares

Rs.10/- each

Rs. 350.000 Millions

1500000

Preference Shares

Rs.100/- each

Rs. 150.000 Millions

 

TOTAL

 

Rs. 500.000 Millions

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

14070500

Equity Shares Class A

Rs.10/- each

Rs. 140.705 Millions

2515361

Equity Shares Class B

Rs.10/- each

Rs. 25.154 Millions

 

TOTAL

 

Rs. 165.859 Millions

 

 

AS ON: 31.03.2011

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

35000000

Equity Shares

Rs.10/- each

Rs. 350.000 Millions

1500000

Preference Shares

Rs.100/- each

Rs. 150.000 Millions

 

TOTAL

 

Rs. 500.000 Millions

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

 

 

 

 

16267961

Equity Shares 

Rs.10/- each

Rs. 162.680 Millions

 

 

 

 

 

 


 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2011

31.03.2010

31.03.2009

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

162.680

68.666

12.783

2] Share Application Money

76.500

99.503

210.002

3] Reserves & Surplus

2929.462

1105.476

576.914

4] (Accumulated Losses)

(73.129)

(60.860)

(43.860)

NETWORTH

3095.513

1212.785

755.839

LOAN FUNDS

 

 

 

1] Secured Loans

0.000

0.000

0.000

2] Unsecured Loans

400.844

176.313

26.250

TOTAL BORROWING

400.844

176.313

26.250

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

3496.357

1389.098

782.089

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

137.658

138.058

7.154

Capital work-in-progress

23.853

18.081

1.517

 

 

 

 

INVESTMENT

427.477

12.456

5.296

DEFERREX TAX ASSETS

29.278

24.668

17.579

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories

2844.339
0.000

0.000

 

Sundry Debtors

14.891
0.000

0.000

 

Cash & Bank Balances

418.030
272.761

205.719

 

Other Current Assets

0.000
0.000

0.000

 

Loans & Advances

2803.356
1266.813

946.301

Total Current Assets

6080.616
1539.574

1152.020

Less : CURRENT LIABILITIES & PROVISIONS

 
 

 

 

Sundry Creditors

2845.026
1.081

0.132

 

Other Current Liabilities

357.020
342.192

400.951

 

Provisions

0.479
0.466

0.446

Total Current Liabilities

3202.525
343.739

401.529

Net Current Assets

2878.091
1195.835

750.491

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.052

 

 

 

 

TOTAL

3496.357

1389.098

782.089

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2011

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

47.636

23.533

4.411

 

 

Other Income

0.000

0.000

0.000

 

 

TOTAL                                    

47.636

23.533

4.411

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Administrative and Other Expenses

62.734

45.563

47.295

 

 

TOTAL                                    

62.734

45.563

47.295

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(15.098)

(22.030)

(42.884)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.767

2.039

1.903

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

(16.865)

(24.069)

(44.787)

 

 

 

 

 

Less

TAX                                                                 

(4.597)

(7.069)

(12.328)

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

(12.268)

(17.000)

(32.459)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

(60.861)

(43.861)

(11.402)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

(73.129)

(60.861)

(43.861)

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(0.75)

(3.00)

(45.08)

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2011

31.03.2010

31.03.2009

PAT / Total Income

(%)

(25.75)
(72.24)

(735.86)

 

 

 
 

 

Net Profit Margin

(PBT/Sales)

(%)

(35.40)
(102.28)

(1015.35)

 

 

 
 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(0.27)
(1.43)

(3.86)

 

 

 
 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.01)
(0.02)

(0.06)

 

 

 
 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.13

0.15

0.03

 

 

 
 

 

Current Ratio

(Current Asset/Current Liability)

 

1.90
4.48

2.87

 

 

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 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

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

No

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

31.03.2011

Rs. In Millions

31.03.2010

Working capital loans others unsecured

333.864

98.869

Other debt unsecured

66.980

77.444

 

 

 

TOTAL

400.844

176.313

 

 

VIEW INDEX OF CHARGES – No charges exist for the company

 

 

NOTE

 

The Registered Office of the company has been shifted from 38, Patwa Chambers, 3rd Floor, 104-108, Clive Road, Opposite Masjid Station North, Mumbai – 400009, Maharashtra, India to the present address w.e.f 18.09.2008

 

 

FIXED ASSETS

 

  • Land and Land Improvements
  • Office Equipments
  • Computer Equipments
  • Furniture and Fixture
  • Vehicles

 

 


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. 61.48

UK Pound

1

Rs. 99.40

Euro

1

Rs. 84.12

 

 

INFORMATION DETAILS

 

Information Gathered by :

SVA

 

 

Report Prepared by :

DPT


 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

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

NO

--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

 

--

 

 

 

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.