|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
R C AND COMPANY |
|
|
|
|
Registered
Office : |
112, Ashirwad Row House, Sarthana, Varachha, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 (Provisional) |
|
|
|
|
Date of
Incorporation : |
27.02.2012 |
|
|
|
|
Registration
No.: |
GUJ/SRT/(17)/39665 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.45.358 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOFR1328L |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Construction of Residential and Commercial Projects. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern having moderate track. Even though the concern incorporated during 2012 the concern commenced
its operations from October 2013, as confirmed by Mr. Ramesh Chanabhai
Hirapara a partner of the concern. Trade relations are reported to be improving. Business is active.
Payment terms are unknown. The concern can be considered for business dealings with some caution.
|
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes that many things such as apartment
sales, luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 %! Equities came in second with annualized
return of 15.5 %! However, while these returns may seem mouthwatering, the fact
is that the return from equities adjusted for inflation came down to just 7.1
%.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Ramesh Chanabhai Hirapara |
|
Designation : |
Partner |
|
Contact No.: |
91-9979266161 |
|
Date : |
04.08.2014 |
LOCATIONS
|
Registered Office : |
112, Ashirwad Row House, Sarthana, Varachha, Surat – 395006, Gujarat,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9979266161 (Mr. Ramesh Hirapara) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Project Location : |
Block No.16, 18 and 25, Sayan-Shekhpur Road, Near Shekhpur Gam,
Taluka-Kamrej, Surat, Gujarat, India |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Ramesh Chanabhai Hirapara |
|
Designation : |
Partner |
|
Address : |
112, Ashirwad Raw House, Sarthana, Varachha, Surat – 395006, Gujarat,
India |
|
Date of Birth/Age : |
01.05.1971 |
|
Qualification : |
Under Graduate |
|
Experience : |
20 years |
|
PAN No.: |
ABLPH5537P |
|
|
|
|
Name : |
Mrs. Hansaben Rameshbhai Hirapara |
|
Designation : |
Partner |
|
Address : |
112, Ashirwad Raw House, Sarthana, Varachha, Surat – 395006, Gujarat,
India |
|
Date of Birth/Age : |
01.05.1970 |
|
Qualification : |
Under Graduate |
|
PAN No.: |
ACCPH3583K |
BUSINESS DETAILS
|
Line of Business : |
Construction of Residential and Commercial Projects. |
GENERAL INFORMATION
|
Customers : |
Retailers |
|
|
|
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
· Bank of India Ground Floor, Tribhuvan Complex, Opposite Panjrapol, Ghoddod Road,
Surat, Gujarat, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
NLSC and Associates Chartered Accountants |
|
Address : |
Surat, Gujarat, India |
|
|
|
|
Associates/Subsidiaries : |
· HRC Infracon Private Limited 112, Ashirwad Row House, Sarthana, Varacha, Surat – 395006, Gujarat,
India Activity: Construction Activity |
CAPITAL STRUCTURE
(AS ON 31.03.2014 – PROVISIONAL)
|
Capital Investment : |
|
|
Owned : |
Rs.45.358 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.45.358 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2014 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
45.358 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
45.358 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.358 |
|
|
|
|
|
|
|
|
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 |
|
|
74.033
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
(25.494)
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
22.640
|
|
Total
Current Assets |
|
|
71.179
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
25.377
|
|
|
Other Current Liabilities |
|
|
0.444
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
25.821
|
|
|
Net Current Assets |
|
|
45.358
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.358
|
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2014 (Provisional) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
(27.007) |
|
|
|
Construction Expenses |
|
|
26.852 |
|
|
|
CRISIL Limited |
|
|
0.055 |
|
|
|
SMC |
|
|
0.100 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
|
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2014 (Provisional) |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
2.76 |
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 one year |
Yes |
|
12] |
Profitability for last one year |
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
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 |
Yes |
|
32] |
PAN 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 |
------------------------------------------------------------------------------------------------------------------------------
PROJECT DETAILS
|
Present Project |
“HARI DARSHAN
RESIDENCY” |
|
Location of the
project |
Block No. 16, 18
& 25, Sayan-Shekhpur Road, Near. Shekhpur Gam, Taluka-Kamrej, Surat,
Gujarat. India |
|
Project Detail |
Developing the
project “Hari Darshan Residency” which will consist of Flats, Row
House, School, Satsang Hall, Commercial Shops, etc. |
COMPANY PROFILE
Subject is a Partnership Firm, incorporated on 27th
February, 2012, with -02- partners, having its Registered Office at 112, Ashirwad
Row House, Sarthana, Varacha, Surat.
The total area of the land situated
at Block No. 16, 18 and 25, Sayan-Shekhpur Road, Near Shekhpur Gam, Kamrej,
Surat is 199741.00 Sq. Mtr. and the promoters have taken all permissions for
the construction of residential cum commercial project.
From a decent beginning of
developing small real estate projects to the immensely successful organized
real estate developers. The promoters are known names in Surat Real Estate
Developers.
The group has many credits to their
account. The promoters are known for their perfect blend of corporate elegance,
business efficiency and aesthetic appeal.
The promoters have earmarked their
position in the city as property developers largely due to its timely and
quality execution of projects and its attitude of taking commitment and
collaboration as the basic policy and utilizing the talent pool for the
competitive edge.
The core team has a proven track
record for excellence spanning over decades, and is widely recognized for
pioneering global best practices, transparency, a value-driven approach,
customer centricity and 100% reliability in the real estate industry.
Customer service and satisfaction
have always been a prime concern. The idea is just one: building strong, long-term
relationship with the customer. They keep customers as the prime focus in their
core marketing strategies. They are committed to quality, trust and customer
sensitivity, and deliver on promises with agility, financial prudence and in
tune with the highest global standards.
It has been a constant endeavor to
explore opportunities to develop the fastest growing city of India by
furnishing it with residential, commercial and retail projects so that it
stands at par with the metro towns.
The promoters enjoy excellent rapport in the market and are believed to
grow by same leaps and bounds. Continuing to outshine competition in Indian
real estate, the promoters have plans to come up with very productive real
estate projects. With its unquestionable capabilities as a successful
developer, we seem best placed to capitalize on the booming real estate market.
ABOUT PROJECT:
Subject
is a Partnership Firm, incorporated on 27th
February, 2012, with-02- partners, having its Registered Office at 112,
Ashirwad Row House, Sarthana, Varacha, Surat, Gujarat, India
The Promoters have purchased the total area of the land situated at
Block No. 16, 18 and 25, Sayan-Shekhpur Road, Near Shekhpur Gam, Kamrej, Surat
is 199741.00 Sq. Mtr. and the promoters have taken all permissions for the
construction of residential cum commercial project.
DETAILS OF
STATUTORY PERMISSIONS:
|
N.A Order |
|
|
Block No. 16 |
No. 04/D.P./NA/Reg. No. 416/14 |
|
Block No. 25 |
No. 04/D.P./NA/Reg. No. 32/13 |
|
Block No. 18 Low Rise Residential
Building |
No. 04/D.P./NA/Reg. No. 9/14 |
|
Block No. 18 Paiki Sub Plot No. 1
and 2 |
No. 04/D.P./NA/Reg. No. 4/13 |
|
Block No. 18 Paiki Sub Plot No. 3
and 4 |
No. 04/D.P./NA/Reg. No. 6/14 |
|
|
|
|
Construction Permission and Approved Plan Passed |
|
|
Block No. 25 Paiki Sub Plot No.
1,2 and 3 |
BP/ Shekhpur/ Kamrej/ Surat/2890
Dt: 28.10.2013 |
|
Block No. 18 Paiki Sub Plot No. 1
and 2 |
BP/Shekhpur/Kamrej/ Surat/2005 Dt:
08.08.2013 |
|
Block No. 18 Paiki Sub Plot No. 3
and 4 |
BP/Shekhpur/Kamrej/ Surat/73 Dt:
07.01.2014 |
|
Block No. 16 Paiki Sub Plot No. 1
and 2 |
BP/Shekhpur/Kamrej/ Surat/75 Dt:
07.01.2014 |
|
Block No. 18 Low Rise Residential
Building |
BP/Shekhpur/Kamrej/ Surat/821 Dt:
25.02.2014 |
BLOCK WISE TOTAL
CONSTRUCTION AREA:
|
Block
No. |
Construction
Type |
Construction
Area (Sq.
ft.) |
|
Block
No.25 |
|
|
|
Sub Plot No.01 |
Commercial |
6947.00 |
|
Sub Plot No.02 |
Commercial |
15432.00 |
|
Sub Plot No.03 |
Residential |
123090.00 |
|
Block
No.18 |
|
|
|
Sub Plot No.01 |
Residential |
276886.000 |
|
Sub Plot No.02 |
School |
27793.00 |
|
Sub Plot No.03 |
Residential |
126218.00 |
|
Sub Plot No.04 |
Sat Sang Hall |
32530.00 |
|
Low Rise Building |
Residential |
246048.00 |
|
Block
No.16 |
|
|
|
Sub Plot No.01 |
Commercial |
23947.00 |
|
Sub Plot No.02 |
Residential |
64706.00 |
|
Total
|
|
943597.00 |
OWNERSHIP
AND MANAGEMENT
|
Name |
Date
of Birth/ Age |
Academic
Qualification |
PAN
No. |
|
Mr. Ramesh C. Hirapara |
01.05.1971 43 years |
Under Graduate |
ABLPH5537P |
|
Mrs. Hansa R. Hirapara |
01.06.1970 44 years |
Under Graduate |
ACCPH3583K |
The promoters are having reach experience in this line of business. Mr.
Ramesh Hirapara is engaged in same line since last 20 years. The promoters have
constructed residential and commercial projects in the city of Surat. The
promoters are having reach experience in this line of business. Most of from a
decent beginning of developing small real estate projects to the immensely
successful organized real estate developers. The promoters are known names in
Surat real estate developers. The promoters have constructed towers of
luxurious living in the city of Surat. The group has many credits to their
account. The promoters continually offer new designs and concepts. The
promoters are known for their perfect blend of corporate elegance, business
efficiency and aesthetic appeal. The promoters have earmarked their position in
the city as leading property developers largely due to its timely and quality
execution of projects and its attitude of taking commitment and collaboration
as the basic policy and utilizing the talent pool for the competitive edge. The
promoters already have completed many projects in surrounding area of Sayan and
have very good reputation and this is a good sign for their upcoming projects.
The promoters are well aware of demands of these areas.
PROPOSED
FACILITY:
The firm is seeking for the financial assistance of Rs.492.100 Millions.
|
Type
of Facility |
Facilities
Required |
Loan
amount (Rs.
In Millions) |
|
Fund based limit |
Term Loan |
492.100 |
|
|
|
|
|
Total
|
492.100 |
|
COLLATERAL
|
Property |
Market
Value (Rs.
In Millions) |
|
|
|
|
NA Land at
Block/Survey No. 287, Kamrej, Surat, admeasuring area of 74,085 Sq. Mtr. |
1550.000 |
|
|
|
|
Total |
1550.000 |
ABOUT THE PROJECT
SALIENT FEATURES:
Attractive main entrance
foyer with reception
Clear and loan titles
RCC frame structure with
Street Lights
Just 1 Km. away from Sayan railway station.
SAFETY
AND SECURITY FEATURES:
Attractive main gate with
security cabin
Structural design as per
earthquake standards
Powder coated aluminium
sections windows
Standard Company concealed
electrification with copper wiring
Day-night security
CCTV camera at entry gate
GENERAL
FACILITIES:
SMC water supply for drinking
purpose
Overhead water tank with fully glazed dado
for water storage
CAMPUS
DEVELOPMENT:
professionally design and
executed landscaping
Club house with
multipurpose hall
Parking area and internal
roads to be covered with paving blocks
Children Park with playing
equipment’s
Senior Citizen sitting
area
Jogging track
Temple
School
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MR. RAMESH CHANABHAI HIRAPARA)
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B C/D A/C No. |
Present Balance |
|
|
|
|
|
|
HDFC Bank |
Varachha Branch |
0533100010132 |
Rs.0.033 Million |
|
|
|
|
|
DETAILS OF ASSETS
IMMOVABLE PROPERTY
|
Assets |
Location Address |
Purchases Cost |
Present Value |
|
Flat/ House |
Plot No.112, Ashirwad Raw House, Near Sarthana Jakatnaka, Varachha Road, Surat, Gujarat, India |
1.232 |
15.000 |
|
Agri Land |
(1). RV Sr. No.77/2, Paikee-1, Khadkhad (2) Rv Sr. No.77/2 Paikee-2, Khadkhad |
0.384 0.497 |
20.000 20.000 |
|
Others |
Block No.173/B, Sukan, Sarthana, Surat, Gujarat, India |
0.335 |
30.000 |
|
|
|
|
|
|
Total |
2.448 |
85.000 |
|
MOVABLE PROPERTY
VEHICLES
|
Type of Vehicles |
Present Value |
|
Motor Car (Hyundai) |
0.180 |
|
Motor Car (Tata Indigo) |
0.238 |
|
|
|
|
Total |
0.418 |
CAPITAL INVESTED IN
BUSINESS
|
Particulars |
Amount |
|
HRC Infracon Private Limited |
6.000 |
|
R C and Company |
6.856 |
|
|
|
|
Total |
12.856 |
OTHER INVESTMENT /ASSETS
|
Investment in Other Fixed Assets |
0.098 |
|
Loans and Advances |
71.100 |
|
Sundry Debtors |
0.242 |
|
Cash and Bank Balance |
1.966 |
|
|
|
|
Total |
73.406 |
DETAILS OF LIABILITIES
AS BORROWERS
|
Borrowed From |
Outstanding Balance |
|
Secured Loans |
1.036 |
|
Unsecured Loans |
77.750 |
|
Provision |
0.013 |
|
Other Loans (Liabilities) |
7.500 |
|
|
|
|
Total |
86.299 |
LEGAL HEIRS/ FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mrs. Hansaben R. Hirapara |
Business Woman |
Wife |
44 |
Married |
112, Ashirwad Raw House, Near Sarthana Jakat Naka, Surat, Gujarat, India |
|
Mr. Hitesh R. Hirapara |
Study |
Son |
17 |
Un-Married |
|
|
Ms. Hinal R. Hirapara |
Study |
Daughter |
15 |
Un-Married |
------------------------------------------------------------------------------------------------------------------------------
STATEMENT OF ASSETS AND
LIABILITIES
(MRS. HANSABEN RAMESHBHAI HIRAPARA)
(RS. IN MILLIONS)
BANK ACCOUNT
|
Bank |
Branch |
S/B C/D A/C No. |
Present Balance |
|
|
|
|
|
|
HDFC Bank |
Varachha Branch |
0533100010133 |
Rs.0.059 Million (As on 28.04.2014) |
|
The Varachha Co-operative Bank Limited |
Head Office |
100010336280 |
Rs.0.055 Million (As on 10.04.2014) |
|
State Bank of India |
Sarthana Branch |
66017967901 |
Rs.0.511 (As on 26.04.2014) |
DETAILS OF ASSETS
MOVABLE PROPERTY
CAPITAL INVESTED IN
BUSINESS
|
Particulars |
Amount |
|
R C and Company |
2.510 |
|
|
|
|
Total |
2.510 |
OTHER INVESTMENT /ASSETS
|
Investment in Fixed Assets |
0.021 |
|
Loans and Advances |
12.850 |
|
Sundry Debtors |
0.044 |
|
Cash and Bank Balance |
0.789 |
|
|
|
|
Total |
13.704 |
DETAILS OF LIABILITIES
AS BORROWERS
|
Borrowed From |
Outstanding Balance |
|
Unsecured Loans |
14.750 |
|
Provision |
0.005 |
|
|
|
|
Total |
14.755 |
LEGAL HEIRS/ FAMILY
PARTICULARS
|
Name |
Occupation |
Relation |
Age |
Marital Status |
Address |
|
Mr. Ramesh Hirapara |
Business |
Husband |
43 |
Married |
112, Ashirwad Raw House, Near Sarthana Jakat Naka, Surat, Gujarat, India |
|
Mr. Hitesh R. Hirapara |
Study |
Son |
17 |
Un-Married |
|
|
Ms. Hinal R. Hirapara |
Study |
Daughter |
15 |
Un-Married |
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 records 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.61.34 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.