|
Report Date : |
04.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
Shyam Kutir-2, Near Shyam Residency, Behind Avni Homes, Nava Naroda,
Ahmedabad – 382350, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
01.04.2013 to 24.11.2013 |
|
|
|
|
Date of
Incorporation : |
16.05.2013 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.55.300 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANFK1538N |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Real Estate Development. |
|
|
|
|
No. of Employees
: |
28 (Approximately) (Office – 6 and Labour Contractor) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new partnership concern and established itself gradually.
Mr. Kamlesh Babubhai Chauhan, Partner has provided all information and
informed that project of the subject is undergoing. Trade relations are improving. Business is active. Payment term are
unknown. The concern can be considered for business dealing on a safe and
secure 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Uptick in
agriculture and construction spread some cheer as the economy grew a higher-than-expected
4.8 % in the three months through September. Manufacturing rose an annual rate
per cent during the quarter and mining fell by 0.4 %, government data showed
while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the top
five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Kamleshbhai Babubhai Chauhan |
|
Designation : |
Partner |
|
Contact No.: |
91-9909004777 |
|
Date : |
03.01.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Shyam Kutir-2, Near Shyam Residency, Behind Avni Homes, Nava Naroda,
Ahmedabad – 382350, Gujarat, India |
|
Tel. No.: |
91-79-29092662 |
|
Mobile No.: |
91-9909004777 (Mr. Kamleshbhai Babubhai Chauhan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Kamleshbhai Babubhai Chauhan |
|
Designation : |
Partner |
|
Address : |
23, Shilp Bunglows, Manohar Villa Cross Road, Nava Naroda, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
35 years |
|
Qualification : |
B. Com |
|
Experience : |
17 years |
|
|
|
|
Name : |
Mrs. Manishaben K. Chauhan |
|
Designation : |
Partner |
|
Address : |
23, Shilp Bunglows, Manohar Villa Cross Road, Nava Naroda, Ahmedabad,
Gujarat, India |
|
Date of Birth/Age : |
36 years |
|
Qualification : |
M. Com. |
|
Experience : |
6 years |
|
|
|
|
Name : |
Mr. Jayantibhai Raghavbhai Tank |
|
Designation : |
Partner |
|
Address : |
32/2/19, Vrundavan Colony, Behind Dharnidhar Derasar, Vasna,
Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
56 years |
|
Qualification : |
B. Com |
|
Experience : |
15 years |
|
|
|
|
Name : |
Mrs. Saritaben Anupbhai Kotadiya |
|
Designation : |
Partner |
|
Address : |
50, Vikram Bunglows, Opposite Bajrangdas Ashram, Saijpur Bogha,
Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
53 years |
|
Qualification : |
B. Com |
|
Experience : |
10 years |
|
|
|
|
Name : |
Mr. Vijaybhai Lilachand Patel |
|
Designation : |
Partner |
|
Address : |
40/ Man Mandir, Near Gayatri Mandir, Ranip, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
51 years |
|
Qualification : |
Engineer |
|
Experience : |
10 years |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
Percentage |
|
|
|
|
|
Kamleshbhai B. Chauhan |
|
50% |
|
Manishaben K. Chauhan |
|
25% |
|
Jayantibhai Raghavbhai Tank |
|
10% |
|
Saritaben Anupbhai Kotadiya |
|
10% |
|
Vijaybhai Lilachand Patel |
|
5% |
|
|
|
|
|
Total |
|
100.00% |
BUSINESS DETAILS
|
Line of Business : |
Real Estate Development. |
PRODUCTION STATUS
|
Particulars |
Actual Production |
|
|
|
|
Bungalows |
45 |
GENERAL INFORMATION
|
Suppliers : |
· Akberali Precast Private Limited · Ambica Electric Company and Tubewell · Ambica Steel Traders · Anupbhai S Kotadia HUF · Bapa Sitaram Trading and Carting · Grase Castings Limited · Jay Electric Company · Jay Khodiyar Transport · Jayraj Construction · Khodal Transport · Maa Ashapura Hardware and Cenatary · National Suppliers · Shivam Bricks Works · Shiv Enterprise · Shiv Krupa Bricks · Shivkrupa Transport |
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
28 (Approximately) (Office – 6 and Labour Contractor) |
|
|
|
|
Bankers : |
· Bank of India, Ellisbridge Branch · ICICI Bank |
|
|
|
|
Facilities : |
Rs.150.000
Millions as term loan (APPLIED) from Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amolaksingh Dang Chartered Accountants |
|
Address : |
Premium House, C/O Rakshad Management, Maninagar,
Ahmedabad – 380008, Gujarat, India |
|
Tel. No.: |
91-79-26587828 |
CAPITAL STRUCTURE
CAPITAL
ACCOUNT
|
Particulars |
01.04.2013 to
24.11.2013 (Rs. In
Millions) |
|
|
|
|
Jayantibhai R.
Tank |
0.050 |
|
Kamleshbhai B.
Chauhan |
53.325 |
|
Manishaben K.
Chauhan |
0.050 |
|
Saritaben A.
Kotadia |
0.050 |
|
Vijaybhai L.
Patel |
1.825 |
|
|
|
|
Total |
Rs.55.300 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
01.04.2013 to
24.11.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
55.300 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.625 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
57.925 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
9.100 |
|
|
TOTAL BORROWING |
|
|
9.100 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
67.025 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.325 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
87.527 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.382 |
|
|
Other Current Assets |
|
|
0.010 |
|
|
Loans & Advances |
|
|
0.100 |
|
Total
Current Assets |
|
|
88.019 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
14.748 |
|
|
Other Current Liabilities |
|
|
6.570 |
|
|
Provisions |
|
|
0.001 |
|
Total
Current Liabilities |
|
|
21.319 |
|
|
Net Current Assets |
|
|
66.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
67.025 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
01.04.2013 to
24.11.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
(3.176) |
|
|
|
Electrical Charges |
|
|
0.001 |
|
|
|
Service Tax |
|
|
0.019 |
|
|
|
Water Charges |
|
|
0.004 |
|
|
|
Advertisement Charges |
|
|
0.004 |
|
|
|
Bonus Salary |
|
|
0.032 |
|
|
|
Chokidar Salary |
|
|
0.072 |
|
|
|
Misc. (Tea) Expenses |
|
|
0.068 |
|
|
|
Mobile and Telephone charges |
|
|
0.010 |
|
|
|
Office Salary |
|
|
0.105 |
|
|
|
Supervision Salary |
|
|
0.168 |
|
|
|
Watermen Salary |
|
|
0.070 |
|
|
|
TOTAL |
|
|
(2.625) |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
2.623 |
|
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
|
|
01.04.2013 to
24.11.2013 |
|
PAT / Total Income |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
2.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
4.13 |
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 one years |
Yes |
|
12] |
Profitability for last one 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 |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
------------------------------------------------------------------------------------------------------------------------------
COST
OF PROJECT
(RS. IN MILLIONS)
|
Sr. No. |
PARTICULARS |
Incurred
Upto 30.11.2013 |
To be incurred
during FY
2013-14 |
To be incurred
during FY
2014-15 |
To be incurred
during |
To be incurred
during |
TOTAL |
|
|
|
|
|
|
|
|
|
|
1 |
Land Cost |
55.385 |
0.000 |
0.000 |
0.000 |
0.000 |
55.385 |
|
|
|
|
|
|
|
|
|
|
2 |
Construction Cost |
18.500 |
20.860 |
98.400 |
59.040 |
0.000 |
196.800 |
|
|
|
|
|
|
|
|
|
|
3 |
Interest
during Construction Period |
0.000 |
2.625 |
11.375 |
8.925 |
0.000 |
22.925 |
|
|
|
|
|
|
|
|
|
|
4 |
Administration and Selling Expenditure |
0.525 |
0.525 |
2.035 |
1.100 |
1.030 |
5.215 |
|
|
|
|
|
|
|
|
|
|
5 |
Contingency |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
Total |
74.410 |
24.010 |
111.810 |
69.065 |
1.030 |
280.325 |
MEANS OF FINANCE
(RS. IN MILLIONS)
|
Sr. No. |
Particulars |
Incurred
Upto 30.11.2013 |
To be incurred during FY 2013-14 |
To be incurred
during FY
2014-15 |
To be incurred
during |
To be incurred
during |
TOTAL |
|
|
|
|
|
|
|
|
|
|
1 |
Equity Share Capital |
55.300 |
0.000 |
0.000 |
0.000 |
0.000 |
55.300 |
|
|
|
|
|
|
|
|
|
|
2 |
Reserve & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
3 |
Unsecured Loan - Promoters |
2.200 |
0.000 |
15.000 |
2.500 |
0.000 |
19.700 |
|
|
|
|
|
|
|
|
|
|
4 |
Other Project Receipts |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
5 |
Term Loan |
0.00 |
45.000 |
55.000 |
50.000 |
0.000 |
150.000 |
|
|
|
|
|
|
|
|
|
|
6 |
Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
7 |
Booking Advance |
6.500 |
3.500 |
30.000 |
15.325 |
0.000 |
55.325 |
|
|
|
|
|
|
|
|
|
|
|
Total |
640.00 |
485.00 |
1000.00 |
678.25 |
0.000 |
2803.25 |
------------------------------------------------------------------------------------------------------------------------------
QUATERLY PROBABLE CASH FLOW
(RS. IN MILLIONS)
|
Sr. No. |
Particulars |
31.03.2014 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
|
|
|
|
|
|
A |
APPLICATION |
|
|
|
|
|
1 |
Land Cost |
0.000 |
0.000 |
0.000 |
0.000 |
|
2 |
Construction Cost |
15.860 |
98.400 |
59.040 |
0.000 |
|
3 |
Legal Fees / Professional Expenses |
0.250 |
0.000 |
0.000 |
0.000 |
|
4 |
Marketing & General Adm. Expenses |
0.000 |
2.000 |
1.000 |
1.000 |
|
5 |
Interest Bank |
1.575 |
11.375 |
19.250 |
8.750 |
|
6 |
Amount repaid to Bank |
0.000 |
0.000 |
50.000 |
100.000 |
|
7 |
Income tax payment |
0.000 |
0.000 |
0.924 |
7.439 |
|
8 |
Payment to current liablities/ Advance |
5.000 |
0.000 |
20.000 |
22.500 |
|
9 |
Other Project Receipts - Repaid |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
SUB TOTAL |
22.685 |
111.775 |
150.214 |
139.689 |
|
|
|
|
|
|
|
|
B |
SOURCE |
|
|
|
|
|
8 |
Amount receivable from Bank |
15.000 |
55.000 |
50.000 |
0.000 |
|
9 |
Advance from Members |
2.000 |
30.000 |
(4.675) |
(35.325) |
|
10 |
Unsecured Loan from Promoters |
0.000 |
15.000 |
2.500 |
0.000 |
|
11 |
Share Capital Including Premium |
0.000 |
0.000 |
0.000 |
0.000 |
|
12 |
Current Liabilties |
0.000 |
0.000 |
20.000 |
22.500 |
|
13 |
Other Project Receipts |
0.000 |
0.000 |
0.000 |
0.000 |
|
14 |
Sales |
0.000 |
0.000 |
97.876 |
228.376 |
|
|
SUB TOTAL |
17.000 |
100.000 |
165.701 |
215.551 |
|
|
|
|
|
|
|
|
11 |
Excess / (Shortfall) |
(5.685) |
(11.775) |
15.487 |
75.862 |
|
12 |
Cumulative Excess / (Shortfall) |
14.130 |
2.355 |
17.842 |
93.703 |
------------------------------------------------------------------------------------------------------------------------------
PROFITABILITY AND NET CASH
ACCRUALS
(RS. IN MILLIONS)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
|
|
|
|
|
Revenue/Income/Realisation |
|
|
|
|
|
Gross Sales Realisation |
0.000 |
0.000 |
97.875 |
228.375 |
|
Net Sales Realisation |
0.000 |
0.000 |
97.875 |
228.375 |
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Revenue/ Income/ Realisation |
0.000 |
0.000 |
97.875 |
228.375 |
|
|
|
|
|
|
|
Construction
cost |
|
|
|
|
|
Material Cost Including Land |
94.745 |
98.400 |
59.040 |
0.000 |
|
Other Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total Cost of Construction |
94.745 |
98.400 |
59.040 |
0.000 |
|
|
|
|
|
|
|
Add: Opening Stock - W.I.P. |
0.000 |
98.370 |
210.145 |
194.550 |
|
Less: Closing Stock - W.I.P. |
98.370 |
210.145 |
194.550 |
0.000 |
|
|
|
|
|
|
|
Gross Profit |
3.625 |
13.375 |
23.240 |
33.825 |
|
Administration/ Selling Expenses
|
1.000 |
2.000 |
1.000 |
1.000 |
|
Financial Charges |
|
|
|
|
|
Long/Medium Term Borrowing |
2.625 |
11.375 |
19.250 |
8.750 |
|
Total Financial Charges |
2.625 |
11.375 |
19.250 |
8.750 |
|
|
|
|
|
|
|
Net Profit Before Taxes |
0.000 |
0.000 |
2.990 |
24.075 |
|
Tax on Profit |
0.000 |
0.000 |
0.924 |
7.439 |
|
Net Profit After Taxes |
0.000 |
0.000 |
2.066 |
16.636 |
|
Less : Withdrawl of Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Depreciation Added Back |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Cash Accruals |
0.000 |
0.000 |
2.066 |
16.636 |
------------------------------------------------------------------------------------------------------------------------------
SOURCES AND DISPOSITION OF
FUNDS
(RS. IN MILLIONS)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
|
|
|
|
|
SOURCES OF FUNDS |
|
|
|
|
|
Net Profit Before Tax with Interest
Charges Added Back but after |
|
|
|
|
|
Depreciation Provision |
2.625 |
11.375 |
22.240 |
32.825 |
|
Depreciation |
0.000 |
0.000 |
0.000 |
0.000 |
|
Promoters Capital |
57.500 |
15.000 |
2.500 |
0.000 |
|
Incr.in Long/Medium Term |
|
|
|
|
|
Proposed-Term Loan |
45.000 |
55.000 |
50.000 |
0.000 |
|
Incr.in Unsecured Loans |
|
|
|
|
|
Proposed-From friends |
0.000 |
0.000 |
0.000 |
0.000 |
|
Incr.in Bank Borrowing for Working Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Incr.in Cur.Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deduction/Sale of Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance Booking Amount |
10.000 |
30.000 |
15.325 |
0.000 |
|
|
|
|
|
|
|
Total
Sources of Fund |
115.125 |
111.375 |
90.065 |
32.825 |
|
|
|
|
|
|
|
DISPOSITIONS OF FUNDS |
|
|
|
|
|
Incr.in Capital Expense |
|
|
|
|
|
Incr.in Current Assets |
98.370 |
111.775 |
(15.595) |
(194.550) |
|
Decr.in Long/Medium Term |
|
|
|
|
|
Existing-Term Loan |
|
|
|
|
|
Proposed-Term Loan |
0.000 |
0.000 |
50.000 |
100.000 |
|
Decr.in Unsecured Loans/D |
|
|
|
|
|
Existing-From friends |
|
|
|
|
|
Advances from Customers Adjusted against
Sales |
0.000 |
0.000 |
20.000 |
35.325 |
|
Interest/Financial Exp. |
2.625 |
11.375 |
19.250 |
8.750 |
|
Taxes on Profits |
0.000 |
0.000 |
0.924 |
7.439 |
|
|
|
|
|
|
|
Total Disposition |
100.995 |
123.150 |
74.579 |
(43.036) |
|
|
|
|
|
|
|
Opening Balance |
0.000 |
14.130 |
2.355 |
17.841 |
|
Net Surplus / Deficit |
14.130 |
(11.775) |
15.486 |
75.861 |
|
Closing
Balance |
14.130 |
2.355 |
17.841 |
93.702 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEETS
(RS. IN MILLIONS)
|
Particulars |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
|
|
|
|
|
|
|
Capital at the Begining |
0.000 |
57.500 |
72.500 |
77.066 |
|
Add : Net Profit After Taxes |
0.000 |
0.000 |
2.066 |
16.636 |
|
Add : Additions to Capital |
57.500 |
15.000 |
2.500 |
0.000 |
|
Less : Drawings during Year |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less : Withdrawls of Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Capital at the End of the Year |
57.500 |
72.500 |
77.066 |
93.702 |
|
Long/Medium Term Borrowings |
|
|
|
|
|
Existing-Term Loan |
0.000 |
0.000 |
0.000 |
0.000 |
|
Proposed-Term Loan |
45.000 |
100.000 |
100.000 |
0.000 |
|
Equated Installment Loans |
|
|
|
|
|
Debentures / Bonds
|
|
|
|
|
|
Unsecured Loans/Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
|
Existing-From friends and rela |
0.000 |
0.000 |
0.000 |
0.000 |
|
Proposed-From friends and rela |
0.000 |
0.000 |
0.000 |
0.000 |
|
Bank Borrowing for Wkg. Capital |
0.000 |
0.000 |
0.000 |
0.000 |
|
Current Liabilities |
|
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Current Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance From Customers |
10.000 |
40.000 |
35.325 |
0.000 |
|
|
|
|
|
|
|
Total Current Liabilities |
10.000 |
40.000 |
35.325 |
0.00 |
|
|
|
|
|
|
|
Total
of Liabilities |
112.500 |
212.500 |
212.391 |
93.702 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
Fixed Assets |
|
|
|
|
|
Gross Block |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less : Depreciation to Date |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Block |
0.000 |
0.000 |
0.000 |
0.000 |
|
Investments / Non CA |
0.000 |
0.000 |
0.000 |
0.000 |
|
Current Assets |
|
|
|
|
|
Stocks on Hand |
98.370 |
210.145 |
194.550 |
0.000 |
|
Receivables
|
|
|
|
|
|
Cash and Bank Balances |
14.130 |
2.355 |
17.841 |
93.702 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
112.500 |
212.500 |
212.391 |
93.702 |
|
|
|
|
|
|
|
Total
of Assets |
112.500 |
212.500 |
212.391 |
93.702 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. JAYANTIBHAI RAGHAVBHAI
TANK
(RS. IN MILLIONS)
|
Particulars |
Market Value |
Book Value (Purchase Value) |
|
|
|
|
|
Immovable
properties |
|
|
|
Residential house situated at 11,
Satyanarayan Society, Vejapur, Ahmedabad |
7.500 |
0.250 |
|
Furniture and Fixtures |
0.055 |
0.055 |
|
Other |
-- |
0.213 |
|
Approx. Present market
value on investment in land and building |
|
|
|
Office at 13, Mangaltirth, Vasna,
Ahmedabad. (Commercial Purpose) |
1.100 |
0.135 |
|
Office at Saman Complex, Satellite,
Ahmedabad. (Commercial Purpose) |
1.400 |
0.200 |
|
Total (A) |
10.055 |
0.853 |
|
|
|
|
|
Movable
Properties |
|
|
|
Investment in M/S K K Developers |
0.600 |
0.600 |
|
Investment in M/S Krishna Developers |
11.218 |
11.218 |
|
Investment in M/S Krishna Infra |
0.050 |
0.050 |
|
Investment in M/S Shree Aaval Developers
(Being a partner) |
0.059 |
0.059 |
|
investment in M/S Shree Khodal Developers
(Being a 15% partner) |
1.353 |
1.353 |
|
Cash at Dena Bank A/c NO. 068610008232 |
1.672 |
1.672 |
|
Total (B) |
14.952 |
14.952 |
|
Total (A+B) |
25.007 |
15.805 |
|
|
|
|
|
Less: |
|
|
|
Liabilities |
|
|
|
Unsecured Loans from relatives and friends |
3.724 |
3.724 |
|
Sundry Creditors and other liabilities |
1.534 |
1.534 |
|
Total (C) |
5.258 |
5.259 |
|
|
|
|
|
NET WORTH (Total
Assets-Total Liabilities) (A+B-C) |
19.749 |
10.546 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. KAMLESHBHAI BABUBHAI
CHAUHAN
(RS. IN MILLIONS)
|
Particulars |
Book Value |
Market Value |
|
IMMOVABLE/
MOVABLE PROPERTIES |
|
|
|
Residential House situated at 23, Shilp
Bungalow- Ahmedabad |
1.561 |
20.000 |
|
Land property - situated Nava Naroda, Ahmedabad |
101.280 |
278.200 |
|
Land Property 885/5/2 15500400 |
|
|
|
Land Property 885/5/3
13585450 |
|
|
|
Land Property 885/5/4 13964360 |
|
|
|
Land Property 885/5/1
6644400 |
|
|
|
Land Property 785/1/2
23385700 |
|
|
|
Ghanshyam Bhai S Patel (Land Advance
Payment FP 63)
13700000 |
|
|
|
Kiritbhai G Patel (land Advance Payment FP
63)
14500000 |
|
|
|
Scoda Car |
1.710 |
1.710 |
|
Maruti Alto |
0.070 |
0.070 |
|
Toyota Inova |
3.000 |
3.000 |
|
|
|
|
|
TOTAL (A) |
107.621 |
302.979 |
|
|
|
|
|
MOVABLE
PROPERTIES |
|
|
|
Other Investment (As per financial
statements) |
1.803 |
1.803 |
|
Investment in Krishna Infrastructure |
31.459 |
31.459 |
|
Investment in K K Developers |
1.650 |
1.650 |
|
Investments in Krishna Builders |
0.400 |
0.400 |
|
Investment in Krishna Corporation |
1.235 |
1.235 |
|
Investment in Krishna Developers |
(2.476) |
(2.476) |
|
Investment in Shree Aaval Developers |
(4.702) |
(4.702) |
|
Investment in Aai Shree Avad Corporation |
0.660 |
0.660 |
|
Investment in Jay Khodiyar Corporation |
(1.376) |
(1.377) |
|
Investment in Shree Khodiyar Corporation |
1.100 |
1.100 |
|
Investment in Shree Khodal Developers |
(1.032) |
(1.032) |
|
Cash and Bank Balances |
4.109 |
4.109 |
|
TOTAL (B) |
32.830 |
32.829 |
|
TOTAL (A+B) |
140.451 |
335.808 |
|
Less: |
|
|
|
Liabilities |
|
|
|
Secured Loan from Bank (CAR) |
0.837 |
0.837 |
|
Unsecured Loans from friends and relatives |
65.900 |
65.900 |
|
Sundry Creditors and Other liabilities |
5.600 |
5.600 |
|
TOTAL (C) |
72.337 |
72.337 |
|
|
|
|
|
Net Worth (Total Assets -
Total Liabilities) (A+B+C) |
68.114 |
263.471 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. MANISHABEN KAMLESHBHAI
CHAUHAN
(RS. IN MILLIONS)
|
Particulars |
Market Value |
Book Value |
|
|
|
|
|
Immovable
properties |
|
|
|
Shop (E-10) Prerna Complex |
0.646 |
0.110 |
|
Shop 19 Mahadev Complex |
0.873 |
0.526 |
|
Ornaments on Hand |
0.078 |
0.078 |
|
Total (A) |
1.597 |
0.714 |
|
|
|
|
|
Movable
properties |
|
|
|
Investment in Aai Shri Avad Corporation |
2.369 |
2.398 |
|
Investment in Jay Khodiyar Labour
Construction |
1.673 |
1.673 |
|
Cash and Bank Balance |
0.337 |
0.337 |
|
Total (B) |
4.379 |
4.408 |
|
Total (A+B) |
5.976 |
5.122 |
|
|
|
|
|
Less: |
|
|
|
Liabilities |
|
|
|
Unsecured Loans from others |
2.717 |
2.717 |
|
Other Liabilities |
0.643 |
0.643 |
|
Total (C) |
3.360 |
3.360 |
|
Networth (Total Assets- Total Liabilities) |
2.616 |
1.762 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. VIJAYBHAI LALCHAND
PATEL
(RS. IN MILLIONS)
|
Particulars |
Market Value |
Book Value |
|
|
|
|
|
Immovable
Properties |
|
|
|
Fixed Assets |
5.000 |
2.700 |
|
Total (A) |
5.000 |
2.700 |
|
|
|
|
|
Movable
Properties |
|
|
|
Shares of Nutran Nagrik Sahkari Bank |
0.087 |
0.087 |
|
Inventory (Closing Stock Valued at
31/3/2013 (as per balance sheet) |
4.239 |
4.239 |
|
Sundry Debtors as on 31/3/13 (as per
balance sheet) |
9.285 |
9.285 |
|
Investment in M/S Shri Aaval Developers
(5%) |
0.102 |
0.102 |
|
Investment in Krishna Developers |
0.071 |
0.071 |
|
Investment in Krishna Infrastructure |
1.825 |
1.825 |
|
Cash and Bank Balance |
0.174 |
0.174 |
|
Loans and Advances given to Families and
Friends |
2.021 |
2.021 |
|
Total (B) |
17.804 |
17.804 |
|
Total (A+B) |
22.804 |
20.504 |
|
|
|
|
|
Less: |
|
|
|
Liabilities |
|
|
|
Secured Loans
from Nutan Nagrik Sahkari Bank Limited |
2.234 |
2.234 |
|
Unsecured Loans from Others |
3.547 |
3.547 |
|
Sundry Creditors |
10.027 |
10.027 |
|
Advances from Customers |
0.224 |
0.224 |
|
Total (C) |
16.032 |
16.032 |
|
|
|
|
|
Net Worth (Total Assets- Total Liabilities) |
6.772 |
4.472 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MRS. SARITABEN ANUPBHAI
KOTADIA
(RS. IN MILLIONS)
|
Particulars |
Market Value |
Book Value (Purchase Value) |
|
|
|
|
|
Immovable
Properties |
|
|
|
Residential House situated at above
mentioned address |
30.000 |
0.937 |
|
Home Furniture and Fixtures (As per
account) |
0.111 |
0.111 |
|
Ornaments on Hand (As per account) |
0.213 |
0.213 |
|
Approx. present
market value on investment in Land and Building |
|
|
|
Plot at Vikram Park Society |
10.000 |
0.093 |
|
Total (A) |
40.324 |
1.354 |
|
|
|
|
|
Movable
Properties |
|
|
|
Advances to Shree Avval Developers |
0.577 |
0.577 |
|
Advances to Anup Kotadia |
0.500 |
0.500 |
|
Investment |
|
|
|
Share Investment |
0.304 |
0.304 |
|
Investment in M/S Jay Khodiyar Corporation
(Being A 15% Partner) |
0.106 |
0.106 |
|
investment in M/S Shree Khodiyar
Corporation (Being a 15% partner) |
1.544 |
1.544 |
|
investmetn in M/S KRISHNA DEVELOPERS |
2.394 |
2.394 |
|
investmetn in M/S KRISHNA INFRASTRUCTURES |
0.050 |
0.050 |
|
cash and bank balance |
0.061 |
0.061 |
|
Total (B) |
5.536 |
5.536 |
|
Total (A+B) |
45.860 |
6.890 |
|
|
|
|
|
Less: |
|
|
|
Liabilities |
|
|
|
Unsecured Loans from Mr. Anup S. Kotadia |
0.229 |
0.229 |
|
Unsecured Loans from Others |
0.050 |
0.050 |
|
Unsecured Loans from Relatives |
0.196 |
0.196 |
|
Total (C) |
0.475 |
0.475 |
|
|
|
|
|
Net Worth (Total
Assets-Total Liabilities) (A+B-C) |
45.385 |
6.415 |
------------------------------------------------------------------------------------------------------------------------------
TRADE REFERENCE:
· Kamal Cement
Mr. Manojbhai – 91-9375961757
·
Graffity
Mr. Imtihasbhai – 91-9328203709
·
Siddheswary
Mr. Bhupendrbhai -91-9879034005
·
Gaurangbhai
Mr. Kapachi -91-9825328638
------------------------------------------------------------------------------------------------------------------------------
BACKGROUND
& MANAGEMENT:
Introduction
Subject is established by five promoters with the object to engage in
Construction and Development of commercial and Residential properties.
Promoters are having past experience in the same line of activity and has created great good will and standing for
themselves by adopting quality system standards that matches the best. They are
having sound experience in the field of construction and Development of
residential and commercial properties and moreover having long standing in the
market.
The Project Cost is estimated at Rs.280.325 Millions (with land purchase
value), which is proposed to be financed by promoter’s contribution to the tune
of Rs.75.000 Millions as share capital and unsecured loan (Quasi Capital) and
Rs.55.325 Millions from booking amount. Firm has requested loan amount of
Rs.150.000 Millions for the balance amount.
Promoters had executed previous projects under different firms.
This Project:
The firm has been
developing residential bungalows at Ahmedabad by targeting Firm is getting good
response from this area and confident of achieving the estimated sales and
profitability. To part finance the project, firm has requested for Term Loan of
Rs.150.000 Millions for the proposed project.
------------------------------------------------------------------------------------------------------------------------------
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.41 |
|
|
1 |
Rs.102.53 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
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.