MIRA
INFORM REPORT
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KALPATARU PROPERTIES (THANE) PRIVATE LIMITED |
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|
|
|
Formerly Known
As : |
KALPATARU SOHAM PROPERTY PRIVATE LIMITED SOHAM PROPERTY DEVELOPERS PRIVATE LIMITED |
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|
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Registered
Office : |
92, Kalpataru Synergy, Opposite Grand Hyatt,
Santacruz (East), Mumbai – 400055, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
23.10.1990 |
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|
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Com. Reg. No.: |
11-058628 |
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Capital Investment
/ Paid-up Capital : |
Rs.97.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U58628MH1990PTC058628 |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACK2226K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in
the business of real estate activities. |
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|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4550000 |
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|
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be consideration for business desalings at usual 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross domestic
product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 DENIED BY
Management Non Co-Operative (Tel No.: 91-22-30645000)
LOCATIONS
|
Registered Office : |
92, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz
(East), Mumbai – 400055, Maharashtra, India |
|
Tel. No.: |
91-22-30645000 |
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Fax No.: |
91-22-30643131 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
101, Kalpataru Synergy, Opposite Grand Hyatt,
Santacruz (East), Mumbai – 400055, Maharashtra, India |
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Branch Office 1 : |
Siddhachal Shopping Complex, 1st floor Pokhran Road No. 2,
Near Vasant Vihar, Thane (West), Thane - 400 601, Maharashtra, Indias |
|
Tel. No.: |
91-22-21713737/21713734 |
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Fax No.: |
91-22-21713735 |
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E-Mail : |
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Branch Office 2 : |
Plot no 2, Level 3 and 4, Galaxy Garden, Next to Mocha
Café, North Main Road, Koregaon Park, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-30413000 |
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|
|
|
Sales Office : |
Kalpataru Gardens, 9A, Boat Club Road, Opposite Narangi
Baug, Next to HDFC Bank, Pune – 411
001, Maharashtra, India |
|
Tel. No.: |
91-20-26162516 |
|
Fax No.: |
91-20-30413016 |
|
E-Mail : |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Mofatraj Pukhraj Munot |
|
Designation : |
Director |
|
Address : |
"Munot
Villan, Westfield Compound Lane, 63K, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
04.10.1944 |
|
Date of Appointment : |
27.07.1992 |
|
DIN No.: |
00046905 |
|
|
|
|
Name : |
Mr. Imtiaz Husain Kanga |
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Designation : |
Director |
|
Address : |
1,
Kalpataru, 39, Dr. G. Deshmukh Marg, Mumbai- 400026, Maharashtra,
India |
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Date of Birth/Age : |
30.08.1952 |
|
Date of Appointment : |
26.02.2001 |
|
DIN No.: |
00136272 |
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|
|
|
Name : |
Mr. Anuj Amar Munot |
|
Designation : |
Director |
|
Address : |
Kalpataru
Horizon, 214 /224 A, S. K. Ahire Marg, Worli, Mumbai – 400018, Maharashtra,
India |
|
Date of Birth/Age : |
15.11.1977 |
|
Date of Appointment : |
09.09.2010 |
|
DIN No.: |
00136204 |
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|
|
|
Name : |
Mr. Suhas Ratilal Merchant |
|
Designation : |
Director |
|
Address : |
Tmpti",
1 13312, Shivaji Nagar, Pune - 411016, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1948 |
|
Date of Appointment : |
12.07.2004 |
|
DIN No.: |
00330351 |
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PAN No.: |
AAXPM6124G |
KEY EXECUTIVES
|
Name : |
Mr. Suhas Ratilal Merchant |
|
Designation : |
Manager |
|
Address : |
Tmpti",
1 13312, Shivaji Nagar, Pune - 411016, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1948 |
|
Date of Appointment : |
01.08.2008 |
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PAN No.: |
AAXPM6124G |
|
|
|
|
Name : |
Mrs. Sneha Kevaria |
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Designation : |
Secretary |
|
Address : |
148, Parekh, Nagar, S. V.
Road, Kandivali (West), Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1987 |
|
Date of Appointment : |
12.04.2010 |
|
PAN No.: |
AYCPK3814G |
MAJOR SHAREHOLDERS
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kalpataru Limited, India |
|
9749400 |
|
Mofatraj P. Munot (Nominee
of Kalpataru Limited, India) |
|
100 |
|
Parag M. Munot (Nominee of
Kalpataru Limited) |
|
100 |
|
Monica P. Munot (Nominee of
Kalpataru Limited) |
|
100 |
|
Sudha R. Golechha (Nominee of Kalpataru Limited) |
|
100 |
|
Sunita V. Choraria (Nominee
of Kalpataru Limited) |
|
100 |
|
Rajesh B. Golechha (Nominee
of Kalpataru Limited) |
|
100 |
|
Total |
|
9750000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2013
|
Category |
Percentage |
|
Bodies corporate (not
mentioned above) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in
the business of real estate activities. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
·
ICICI Bank Limited, Zenith House, Mahalaxmi,
Mumbai - 400034, Maharashtra, India ·
Union Bank of India ·
Oriental Bank of Commerece |
||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institutions : |
ICICI Home Finance Company Limited,
Icici Bank Towers, Bandra-Kurla, Complex,, Mumbai - 400051, Maharashtra,
India |
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|
|
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Auditors : |
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|
Name : |
MGB and Company Chartered Accountants |
|
Address : |
Jolly Bhavan 2, 1st Floor, 7, New Marine Lines,
Churchgate, Mumbai - 400 020, Maharastra, India |
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PAN No.: |
AAAFM5742R |
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Holding Company : |
Kalpataru Limited CIN No.: U45200MH1988PLC050144 |
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Subsidiary Company : |
Kiah Constructions Private Limited CIN No.: U45202MH2008PTC181806 |
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|
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Fellow Subsidiary Company : |
·
Abacus Enviro Farms Private Limited CIN No.: U01403MH2007PTC172724 ·
Abacus Orchards Private Limited CIN No.: U01403MH2007PTC172725 ·
Abacus Real Estate Private Limited CIN No.: U70102MH2007PTC173337 ·
Abhiruchi Orchards Private Limited CIN No.: U01403MH2007PTC173091 ·
Agile Enviro Farms Private Limited CIN No.: U01403MH2007PTC172567 ·
Agile Orchards Private Limited CIN No.: U01403MH2007PTC172514 ·
Amber Enviro Farms Private Limited CIN No.: U01403MH2007PTC173040 ·
Amber Orchards Private Limited CIN No.: U01403MH2007PTC172727 ·
Amber Real Estate Limited CIN No.: U45200MH2007PLC173306 ·
Ambrosia Enviro Farms Private Limited CIN No.: U01403MH2007PTC172832 ·
Ambrosia Real Estate Private Limited CIN No.: U45200MH2007PTC173305 ·
Anant Enviro Farms Private Limited CIN No.: U01403MH2007PTC172515 ·
Anant Orchards Private Limited CIN No.: U01403MH2007PTC172351 ·
Appropriate Enviro Farms Private Limited CIN No.: U01111MH2007PTC169004 ·
Ardour Developers Private Limited CIN No.: U45300MH2008PTC178011 ·
Ardour Properties Private Limited CIN No.: U45200MH2008PTC178012 ·
Ardour Real Estate Private Limited CIN No.: U45201MH2007PTC173899 ·
Arena Orchards Private Limited CIN No.: U01403MH2007PTC172833 ·
Arimas Developers Private Limited CIN No.: U45203MH2007PTC176643 ·
Arimas Real Estate Private Limited CIN No.: U45200MH2007PTC173551 ·
Ashoka Orchards Private Limited CIN No.: U01111MH2007PTC169001 ·
Ashoka Properties Private Limited CIN No.:
U45200MH2007PTC167182 ·
Aspen Enviro Farms Private Limited CIN No.:
U01403MH2007PTC172350 ·
Aspen Orchards Private Limited CIN No.:
U01403MH2007PTC172349 ·
Astrum Developers Private Limited CIN No.:
U45400MH2007PTC176168 ·
Astrum Orchards Private Limited CIN No.:
U01403MH2007PTC172853 ·
Aura Enviro Farms Private Limited CIN No.:
U01403MH2007PTC171326 ·
Aura Orchards Private Limited CIN No.:
U01403MH2007PTC171327 ·
Aura Real Estate Private Limited CIN No.:
U70100MH2007PTC172270 ·
Axiom Orchards Private Limited CIN No.:
U01403MH2007PTC169051 ·
Azure Tree Enviro Farms Private Limited CIN No.:
U01111MH2007PTC169060 ·
Azure Tree Lands Private Limited CIN No.:
U45200MH2007PTC167870 ·
Azure Tree Orchards Private Limited CIN No.:
U01403MH2007PTC169050 ·
Girirajkripa Developers Private Limited CIN No.:
U45201RJ2007PTC024702 ·
Kalpataru + Sharyans ·
Kalpataru Constructions (Poona) Private Limited CIN No.: U45200MH2007PTC170905 ·
Kalpataru Gardens Private Limited CIN No.:
U99999MH1964PTC012833 ·
Kalpataru Land (Surat) Private Limited CIN No.:
U45200MH1982PTC026027 ·
Kalpataru Land Private Limited CIN No.:
U45200MH1996PTC103763 ·
Kalpataru Retail Ventures Private Limited CIN No.:
U45202MH2000PTC129761 ·
Kanani Real Estate Private Limited CIN No.:
U45203MH2008PTC181810 ·
Kiah Properties Private Limited CIN No.:
U45203MH2008PTC181808 ·
Kiyana Properties Private Limited CIN No.:
U70102MH2008PTC182888 ·
Propnova Properties Private Limited CIN No.:
U45200MH2010PTC198358 ·
Shravasti Property Private Limited CIN No.:
U45200MH1995PTC092354 ·
Sona Properties Private Limited CIN No.:
U70100MH1973PTC016587 ·
Swarn Bhumi Township Private Limited CIN No.:
U45201MH1993PTC075405 |
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|
Enterprises
which are
owned, or have significant
influence of or are partners with Key management
personnel and their relatives : |
·
Ananta Ventures LLP ·
Aseem Ventures LLP ·
Azure Tree Developers LLP ·
Kalpak Property Ventures LLP ·
Kalpataru Constructions (Pune) ·
Kalpataru Enterprises ·
Kalpa-Taru Property Ventures LLP ·
Kalpataru Shubham Enterprises ·
Kamdhenu Constructions ·
Shravasti Ventures LLP ·
Kanani Developers LLP ·
Kara Property Ventures LLP ·
Kiyana Ventures LLP ·
Messers Habitat |
|
|
|
|
Others : |
·
Azure Tree Townships Private Limited CIN No.:
U45200MH2007PTC167798 ·
Corporate Stationery Private Limited CIN No.:
U21098MH1994PTC081223 ·
Kalpataru Properties Private Limited CIN No.:
U74210MH1975PTC018371 ·
Karmayog Builders Private Limited CIN No.:
U45200MH1988PTC050142 ·
Neo Pharma Private Limited CIN No.:
U24239MH1950PTC008016 ·
Yugdharm Real Estate Private Limited CIN No.:
U45201MH1993PTC075405 ·
Anuj A. Munot (HUF) ·
Azure Tree Townships LLP ·
Bhramar Investments and Trading Company Private
Limited ·
Exclusive Trading Company Private Limited ·
Locksley Hall Hill Resorts Private Limited ·
Rajasthan Stones Private Limited |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs.100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9750000 |
Equity Shares |
Rs. 10/- each |
Rs.97.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
97.500 |
97.500 |
97.500 |
|
(b) Reserves & Surplus |
1040.286 |
975.313 |
948.200 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1137.786 |
1072.813 |
1045.700 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.665 |
2.488 |
1131.221 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.508 |
0.241 |
0.233 |
|
(d) long-term provisions |
5.873 |
5.454 |
3.811 |
|
Total Non-current Liabilities (3) |
9.046 |
8.183 |
1135.265 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1208.406 |
78.023 |
457.267 |
|
(b) Trade payables |
137.042 |
109.728 |
68.444 |
|
(c) Other current
liabilities |
869.049 |
1498.980 |
450.836 |
|
(d) Short-term provisions |
25.807 |
0.499 |
0.396 |
|
Total Current Liabilities (4) |
2240.304 |
1687.230 |
976.943 |
|
|
|
|
|
|
TOTAL |
3387.136 |
2768.226 |
3157.908 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.060 |
26.139 |
21.410 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.860 |
1.850 |
1.050 |
|
(c) Deferred tax assets (net) |
2.367 |
2.107 |
1.584 |
|
(d) Long-term Loan and Advances |
38.533 |
68.373 |
63.500 |
|
(e) Other Non-current assets |
13.370 |
0.000 |
13.939 |
|
Total Non-Current Assets |
92.190 |
98.469 |
101.483 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1019.837 |
1030.811 |
789.361 |
|
(c) Trade receivables |
64.570 |
36.949 |
37.974 |
|
(d) Cash and cash
equivalents |
17.166 |
16.718 |
10.337 |
|
(e) Short-term loans and
advances |
2193.270 |
1581.890 |
2216.225 |
|
(f) Other current assets |
0.103 |
3.389 |
2.528 |
|
Total Current Assets |
3294.946 |
2669.757 |
3056.425 |
|
|
|
|
|
|
TOTAL |
3387.136 |
2768.226 |
3157.908 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1098.008 |
654.122 |
825.135 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
|
Employee Benefits Expenses |
|
|
|
|
|
|
Other Expenses |
|
|
|
|
|
|
TOTAL |
997.917 |
613.932 |
667.404 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
100.091 |
40.190 |
157.731 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
35.118 |
13.077 |
45.801 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
64.973 |
27.113 |
111.930 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
975.313 |
948.200 |
836.270 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1040.286 |
975.313 |
948.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.66 |
NA |
NA |
|
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KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.92 |
4.14 |
13.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.00 |
1.49 |
5.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.04 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.06 |
0.08 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.58 |
3.13 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans and advances from
related parties |
26.400 |
2.375 |
|
Total |
26.400 |
2.375 |
PROJECTS
During the year, the progress of construction and development
work of residential projects Kalpataru Hills, Siddhachal phase VIII and
“Siddhachal Phase VII- Kalpataru Elite at Thane were satisfactory
OPERATIONS
During the year, the Company has recorded turnover of Rs.
1098.008 Millions as compared to Rs.654.122 Millions in the previous year.
Profit Before Tax (PBT) was Rs. 100.091 Millions as compared to Rs. 40.190
Millions in 2011-12, whereas Profit After Tax (PAT) was Rs. 64.973 Millions as
compared to Rs. 27.113 Millions in 2011-12.
CURRENT MATURITIES OF LONG-TERM DEBT DETAILS
(Rs. In Millions)
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of
long-term debt |
1.267 |
959.224 |
NA |
|
Total |
1.267 |
959.224 |
NA |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10373946 |
04/09/2012 |
2,600,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Gujarat - 390015, INDIA |
B57029050 |
|
2 |
90165344 |
30/08/1999 |
42,260,400.00 |
UNION BANK OF INDIA |
239 VIDHAN BHAVAN MARG,
BOMBAY, Maharashtra - 400021, INDIA |
- |
|
3 |
90165075 |
16/08/1994 |
3,000,000.00 |
ORIENTAL BANKOF COMMERECE |
1 DR VB GANDHI MARG, BOMBAY,
Maharashtra - 400023, |
- |
FIXED ASSETS:
·
Land and Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicle
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.92ss |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
46 |
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.