MIRA
INFORM REPORT
|
Report Date : |
06.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
KALPATARU PROPERTIES PRIVATE LIMITED (w.e.f 06.06.2006) |
|
|
|
|
Formerly Known
As : |
KALPATARU CONSTRUCTION OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East),
Mumbai –
400055, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.06.1975 |
|
|
|
|
Com. Reg. No.: |
11-018371 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.62.493 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1975PTC018371 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1975H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company’s Business Activities Predominantly relate to Real Estate
and Financing. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5746000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Kalpataru group company. It is a established company having satisfactory track record. Management of the company has filed its financial with the government
department but the same is not available with us. As per previous year financials there seems sharp dip in the
profitability of the company. However, the company receives good support from
its group company Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings 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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities BBB |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
May 2, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A3 |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
May 2, 2013 |
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
MANAGEMENT NON CO-OPERATIVE (91-22-30645000)
LOCATIONS
|
Registered Office : |
101, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (East),
Mumbai –
400055, Maharashtra, India |
|
Tel. No. : |
91-22-30645000 |
|
Fax No. : |
91-22-30643131 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mofatraj Pukhraj Munot |
|
Designation : |
Director |
|
Address : |
Munot Villa, Westfield Compound Lane, 3K, Bhulabhai Desai Road, Mumbai
– 40026, Maharashtra, India |
|
Date of Birth/Age : |
04.10.1944 |
|
Date of Appointment : |
26.09.1988 |
|
DIN No. : |
00046905 |
|
|
|
|
Name : |
Mr. Parag Mofatraj Munot |
|
Designation : |
Director |
|
Address : |
Munot Villa, Westfield Compound Lane, 3K, Bhulabhai Desai Road, Mumbai
– 40026, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1969 |
|
Date of Appointment : |
03.07.1995 |
|
DIN No. : |
00136337 |
|
|
|
|
Name : |
Imtiaz Husain Kanga |
|
Designation : |
Director |
|
Address : |
1, Kalpataru 39, Dr. G. Deshmukh Marg, Mumbai – 400006, Maharashtra,
India |
|
Date of Birth/Age : |
30.08.1952 |
|
Date of Appointment : |
03.07.1995 |
|
DIN No. : |
00136272 |
|
|
|
|
Name : |
Sharadchandra Varajlal Bhansali |
|
Designation : |
Director |
|
Address : |
142/A, Pschim Apartments, Kashinath Duru Road, Dadar, Mumbai – 400028,
Maharashtra, India |
|
Date of Birth/Age : |
07.05.1934 |
|
Date of Appointment : |
25.01.2005 |
|
DIN No. : |
00037402 |
|
|
|
|
Name : |
Mr. Suhas Ratilal Merchant |
|
Designation : |
Director |
|
Address : |
Trupti, 1133/2, Shivaji Nagar, Pune – 411016, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1948 |
|
Date of Appointment : |
26.02.2003 |
|
DIN No. : |
00330351 |
|
|
|
|
Name : |
Mr. Anuj Amar Munot |
|
Designation : |
Whole-time 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 : |
12.01.2005 |
|
DIN No. : |
00136204 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash Chand Bapna |
|
Designation : |
Secretary |
|
Address : |
008, Sitar, B Wing, Lokpuram, Thane (West), Thane – 400610,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1966 |
|
Date of Appointment : |
12.07.2004 |
|
PAN No.: |
ABFPB4810R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Aseem Properties Private Limited |
185993 |
|
Kalpataru Energy (India) Private Limited |
183940 |
|
Kalpataru Viniyog Private Limited |
192408 |
|
Marck Stationery Manufacturing Private Limited |
62565 |
|
Kalpataru Limited |
1 |
|
Mofatraj P. Munot as Partner of Kalpataru Constructions (Pune) |
10 |
|
Mofatraj P. Munot as Partner of Kalpataru Builders |
10 |
|
|
|
|
Total |
624927 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company’s Business Activities Predominantly relate to Real Estate and
Financing. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Allahabad Bank Ø ICICI Bank
Limited Ø Oriental Bank Of
Commerce Ø Citi Bank N.A Ø Union Bank Of
India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Aditya Birla Finance
Limited Indian Rayon Compound,, Veraval - 362266, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Mgb and Company Chartered Accountants |
|
Address : |
Jolly Bhavan #
2, 1St Floor,7,New Marine Lines, Churchagate, Mumbai, Maharashtra, India |
|
PAN
No. : |
AAAFM5742R |
|
|
|
|
Subsidiaries : |
Ø Prime Properties
Private Limited Ø Karmayog
Builders Private Limited Ø Corporate
Stationery Private Limited Ø P.K.Velu and
Company Private Limited Ø Bhramar
Investment and Trading Company Private Limited @ Ø Agile Real
Estate Private Limited # |
|
|
|
|
Joint Ventures : |
Ø Agile Real
Estate Private Limited * |
|
|
|
|
Associates : |
Ø Databank
Stationery Private Limited Ø Databank Trading
Company (India) Private Limited Ø Durable
Stationery Private Limited Ø Durable Trading Ø Company Private
Limited Ø Exclusive
Trading Company Private Limited Ø Kalpataru
Premises Private Limited Ø Maximum Impex
Private Limited Ø Susme Builders
Private Limited Ø Aseem Properties
Private Limited ** Ø Eversmile
Properties Private Limited ** Ø Kalpataru Energy
(India) Ø Private Limited
** Ø Neo Pharma
Private Limited ** Ø Rainbow Prints
Private Limited ** |
|
|
|
|
Other related
parties with whom transactions have taken place during the year or balances
outstanding at the year-end : |
Ø Abacus Enviro Farms
Private Limited Ø Abacus Orchards
Private Limited Ø Abhiruchi
Orchards Private Limited Ø Agile Enviro
Farms Private Limited Ø Agile Orchards
Private Limited Ø Amber Enviro
Farms Private Limited Ø Amber Orchards
Private Limited Ø Ambrosia Enviro
Farms Private Limited Ø Anant Enviro
Farms Private Limited Ø Anant Orchards
Private Limited Ø Ananta Landmarks
Private Limited Ø Ananta Ventures
LLP Ø Appropriate
Enviro Farms Private Limited Ø Appropriate
Orchards Private Limited Ø Ardour
Developers Private Limited Ø Ardour Real
Estate Private Limited Ø Arena Orchards
Private Limited Ø Argan Enviro
Farms Private Limited Ø Argan Real
Estate Private Limited Ø Argos
International Marketing Private Limited Ø Arman Villas
Private Limited Ø Ascent Enviro
Farms Private Limited Ø Ascent Orchards
Private Limited Ø Aseem Ventures
LLP Ø Ashoka Orchards
Private Limited Ø Ashoka
Properties Private Limited Ø Aspen Enviro
Farms Private Limited Ø Aspen Orchards
Private Limited Ø Astrum Orchards
Private Limited Ø Aura Enviro
Farms Private Limited Ø Aura Orchards
Private Limited Ø Aura Real Estate
Private Limited Ø Axiom Enviro
Farms Private Limited Ø Axiom
Constructions Private Limited Ø Axiom Orchards
Private Limited Ø Axiom Properties
Private Limited Ø Azure Tree
Construction Private Limited Ø Azure Tree Developers
LLP Ø Azure Tree
Enviro Farms Private Limited Ø Azure Tree
Orchards Private Limited Ø Azure Tree
Properties Private Limited Ø Azure Tree
Townships LLP (Formerly Azure Tree Townships Private Limited) Ø Caprihans
(India) Limited Ø Corporate Office
Products (I) Private Limited Ø Databank Office
Staples (India) Private Limited Ø Hedavkar
Mechanical Works Private Limited Ø JMC Projects
(India) Limited Ø K.C.Holdings
Private Limited Ø K. V. Property
Ventures Private Limited Ø Kalpak Property
Ventures LLP Ø Kalpataru Builders
Kalpataru Builders (Mumbai) Ø Kalpataru
Builders (Pune) Ø Kalpataru
Constructions (Pune) Ø Kalpataru
Enterprises Ø Kalpataru
Limited Ø Kalpataru Plus
Sharyans Ø Kalpataru Power
Transmission Limited Ø Kalpa-Taru
Property Ventures LLP Ø Kalpataru Retail
Ventures Private Limited Ø Kalpataru
Theatre Kalpataru Viniyog Private Limited Ø Kamdhenu
Constructions Ø Kanani
Developers LLP Ø Kara Property
Ventures LLP Ø Kiah
Construction Private Limited Ø Kiyana Ventures
LLP Ø Klassik
Townships Private Limited Ø Korum Malls
Private Limited Ø Krish Landscapes
Private Limited (Formerly Argan Developer Private Limited) Ø Lifestyle
Property Ventures Private Limited Ø Locksley Hall
Hill Resorts Private Limited Ø Messers Habitat Ø Omega Realtors
Private Limited Ø Padmanagar
Construction Private Limited Ø Property
Solutions (India) Private Limited Ø Punarvasu
Constructions Private Limited Ø Punarvasu
Holding and Trading Company Private Limited Ø Rajasthan Stones
Private Limited Ø Sfurti Impex
Private Limited Ø Sfurti
Multitrade Private Limited Ø Shravasti
Ventures LLP Ø Yugdharm
Investment and Trading Company Private Limited. |
|
|
|
NOTE:
@ ceased to be
subsidiary w.e.f. 25 August 2011
# ceased to be subsidiary w.e.f. 28 December 2011
* became joint venture w.e.f. 28 December 2011
** ceased to be associates w.e.f.31 May 2010
* - Aura Townships
Private Limited
** - N.G. Realty
Private Limited
@ - Bhramar
Investments and Trading Company Private Limited
$ - Aseem
Properties Private Limited, Eversmile Properties Private Limited, Kalpataru
Energy (India) Private Limited, Klassik Vinyl
Products Private
Limited, Neo Pharma Private Limited, Rainbow Prints Private Limited.
$$ - Kiah Real
Estate Private Limited
# - Kiah
Properties Private Limited
## - Arimas
Developers Private Limited
### - Mango People
Homes LLP
* upto 05 August
2011, ** upto 07 August 2010, @ w.e.f. 25 August 2011, $ w.e.f. 31 May 2010, $$
w.e.f. 18 January 2011, # w.e.f. 31
March 2011, ## w.e.f.18 February 2011, ### upto 11 November 2011
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
624927 |
Equity Shares |
Rs.100/- each |
Rs.62.493 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
62.493 |
62.493 |
|
(b) Reserves & Surplus |
|
1374.217 |
1365.447 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1436.710 |
1427.940 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1640.533 |
1642.967 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
452.339 |
412.175 |
|
(d) long-term provisions |
|
2.354 |
2.075 |
|
Total Non-current Liabilities (3) |
|
2095.226 |
2057.217 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
4464.380 |
3841.792 |
|
(b) Trade payables |
|
51.614 |
47.575 |
|
(c) Other current
liabilities |
|
1328.787 |
4553.505 |
|
(d) Short-term provisions |
|
0.122 |
0.117 |
|
Total Current Liabilities (4) |
|
5844.903 |
8442.989 |
|
|
|
|
|
|
TOTAL |
|
9376.839 |
11928.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
111.649 |
124.259 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2484.681 |
455.053 |
|
(c) Deferred tax assets (net) |
|
18.087 |
14.593 |
|
(d) Long-term Loan and Advances |
|
464.019 |
359.033 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
3078.436 |
952.938 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
1000.000 |
|
(b) Inventories |
|
382.302 |
469.961 |
|
(c) Trade receivables |
|
22.376 |
20.479 |
|
(d) Cash and cash
equivalents |
|
44.656 |
293.060 |
|
(e) Short-term loans and advances |
|
5839.344 |
9191.488 |
|
(f) Other current assets |
|
9.725 |
0.220 |
|
Total Current Assets |
|
6298.403 |
10975.208 |
|
|
|
|
|
|
TOTAL |
|
9376.839 |
11928.146 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
62.493 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1211.434 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1273.927 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1717.133 |
|
|
2] Unsecured Loans |
|
|
541.724 |
|
|
TOTAL BORROWING |
|
|
2258.857 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3532.784 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
151.915 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
432.943 |
|
|
DEFERRED TAX ASSETS |
|
|
8.462 |
|
|
|
|
|
|
|
|
CURRENT ASSETS LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
381.727 |
|
|
Sundry Debtors |
|
|
43.331 |
|
|
Cash & Bank Balances |
|
|
8.646 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5198.159 |
|
Total
Current Assets |
|
|
5631.863 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
2690.914 |
|
|
Provisions |
|
|
1.485 |
|
Total
Current Liabilities |
|
|
2692.399 |
|
|
Net Current Assets |
|
|
2939.464 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3532.784 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1702.410 |
1140.769 |
858.016 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1681.436 |
923.588 |
593.459 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
20.974 |
217.181 |
264.557 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.204 |
63.168 |
81.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
8.770 |
154.013 |
183.374 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1197.426 |
1043.413 |
860.039 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1206.196 |
1197.426 |
1043.413 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.03 |
246.45 |
293.43 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.51
|
13.50 |
21.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.30
|
1.89 |
4.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.15 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.25
|
3.84 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
1.30 |
2.09 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
31.03.2010 (Rs.
In Millions) |
|
Current maturities of long term debts |
735.720 |
290.414 |
0.000 |
|
|
|
|
|
|
Total |
735.720 |
290.414 |
0.000 |
|
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 |
Yes |
NOTE:
The registered office of the company has been shifted from Nariman Point
Mumbai - 400021 Maharashtra India to the present address w.e.f. 30.09.2013
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Other loan and advance |
50.000 |
650.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from bank |
0.000 |
91.071 |
|
Interoperate borrowings |
304.987 |
44.090 |
|
Loans and advance from others |
265.074 |
293.669 |
|
Other loan and advance |
3050.000 |
2750.000 |
|
|
|
|
|
Total |
3670.061 |
3828.830 |
OPERATIONS
During the year the
progress of construction and development work of residential project “KALPATARU
SPLENDOUR” at Pune was satisfactory. The response from the prospective buyers
for booking of flats at this project is very encouraging.
Total income of
the Company during the year was Rs.1702.400 millions in the current year as
compared to Rs.1140.700 millions in 2010-11. Profit before Tax (PBT) was Rs.
21.000 millions in the current year as compared to Rs. 217.200 millions in
2010-11 whereas Profit after Tax (PAT) was Rs.8.800 millions as compared to Rs.
154.000 millions in 2010-11.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434204 |
21/06/2013 |
500000000.00 |
ADITYA BIRLA FINANCE LIMITED |
Indian Rayon Compound Veraval Gujarat - 362266 |
B78444502 |
|
2 |
10428285 |
17/05/2013 |
75000000.00 |
Axis Bank Limited |
Corporate Banking Branch Axis House Ground Floor Bombay Dyeing Mills
Compound P. B. Marg Mumbai Maharashtra - 380006 INDIA |
B75900639 |
|
3 |
10322678 |
11/11/2011 |
1770000000.00 |
Allahabad Bank |
Industrial Finance Branch Second Floor Fort Mumbai Maharashtra -
400023 INDIA |
B27689017 |
|
4 |
10257183 |
15/11/2010 |
650000000.00 |
Allahabad Bank |
Allahabad Bank Building 2nd Floor 37 Mumbai Samachar Marg Fort Mumbai
Maharashtra - 400023 INDIA |
B00163642 |
|
5 |
90243849 |
25/05/2005 |
733000.00 |
ICICI BANK LTD. |
2ND FLOOR EMPIRE COMPLEX 414 SENAPATI BAPAT MARG LOWER PAREL WEST
MUMBAI Maharashtra - 400013 INDIA |
- |
|
6 |
90242586 |
08/11/2004 |
900000000.00 |
ORIENTAL BANK OF COMMERCE |
FORT BRANCH JASH CHAMBERS SIR P.M. ROAD FORT MUMBAI Maharashtra -
400001 INDIA |
- |
|
7 |
90161087 |
02/09/2003 |
39000000.00 |
CITI BANK N.A |
CITI TOWER 61; DR. S.S. RAO ROAD; PAREL MUMBAI Maharashtra - 400012
INDIA |
- |
|
8 |
90166617 |
19/04/1999 |
25000000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH 239; VIDHAN BHAWAN MARG; NARIMAN POINT
MUMBAI Maharashtra - 400021 INDIA |
- |
|
9 |
90160814 |
23/01/1993 |
5000000.00 |
UNION BANK OF INDIA |
V.N ROAD BRANCH RAJ MAHAL VEER NARIMAN ROAD MUMBAI Maharashtra -
400020 INDIA |
- |
|
10 |
90160807 |
23/10/1992 |
7500000.00 |
ORIENTAL BANK OF COMMERCE |
1; DR; V.B GANDHI MARG FORT MUMBAI Maharashtra - 400023 INDIA |
- |
|
11 |
90165898 |
09/12/1985 |
5000000.00 |
BANK OF CREDIT & COMMERCE INTERNATIONAL LTD. |
MAKER BRANCH NARIMAN POINT MUMBAI Maharashtra |
- |
|
12 |
90165737 |
24/07/1980 |
500000.00 |
PUNJAB NATIONAL BANK |
5; PARLIAMENT STREET NEW DELHI Delhi INDIA |
- |
FIXED ASSETS
Ø
Buildings
Ø
Plant and Equipment
Ø
Furniture and Fixtures
Ø
Vehicles
Ø
Office Equipment
Ø
Computer Equipments
Ø
Leasehold improvements
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.62.41 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.85.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.