MIRA INFORM REPORT
|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KANAKIA SPACES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KANAKIA CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
215 Atrium, 10th
Floor, Opposite Divine School, JB Nagar, Andheri Kurla Road, Andheri [East],
Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069422 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 125.945
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1992PTC069422 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK05573B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK2629J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Construction Activity. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a flagship company of Kanakia Group. It is an established company having satisfactory track record. The management has seen a better increase in its net profitability
during 2013. Overall position of the company is decent. Trade relations are fair. Business is active. Payment terms are reported
as usually correct. In view of strong support from the group company, the subject 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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the Companies
Act is the latest manifestation of a messy fight between a father and his
adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
ICRA (BB-) [Withdrawn] |
|
Rating Explanation |
Moderate risk of default [Rating has been
withdrawn as there is no outstanding amount against the rated instrument.] |
|
Date |
June 29, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Jitendra Mehta |
|
Designation : |
Chief Executive Office |
|
Contact No.: |
91-22-67266666 |
|
Date : |
13.11.2014 |
LOCATIONS
|
Registered Office : |
215 Atrium, 10th
Floor, Opposite Divine School, JB Nagar, Andheri Kurla Road, Andheri [East],
Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91- 22-67266666/ 6726 7777 (Board) |
|
Fax No.: |
91-22-66937777 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
349, Business Point, CTS No. 349/1, Part 2, Village Gundavali, Western
Express Highway, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
|
|
|
Site Sales Offices
: |
· Kanakia Sevens, Off Andheri-Kurla Road, Next to Times Square, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India · Kanakia Levels, Opposite Passport Office, Rani Sati Marg, Off Western Express Highway, Malad (East), Mumbai – 400097, Maharashtra, India · Samarpan Exotica, Western Express Highway, Borivali (East), Mumbai – 400066, Maharashtra, India · Kanakia Zillion, LBS Road Junction, CST Road, BKC Annexe, Kurla (West), Mumbai – 400070, Maharashtra, India · Boomerang, Main Chandivali Farm Road, Near Powai, Andheri (East), Mumbai – 400072, Maharashtra, India ·
Atrium 2, Next to 215
Atrium, Behind Courtyard Marriott, Andheri Kurla Road, Andheri (East), Mumbai
– 400093, Maharashtra,
India |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Rasesh Babubhai Kanakia |
|
Designation : |
Director |
|
Address : |
Ashish, Plot 18, M.S. Road No. 4, JVPD, Vile Parle [West], Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1961 |
|
Date of Appointment : |
25.11.1994 |
|
PAN No.: |
AABPK3454F |
|
DIN No.: |
00015857 |
|
|
|
|
Name : |
Mr. Himanshu Babubhai Kanakia |
|
Designation : |
Director |
|
Address : |
Vrusti Swastik, Plot 20, Road No. 2, JVPD, Vile Parle [West], Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1964 |
|
Date of Appointment : |
25.11.1994 |
|
PAN No.: |
AASPK5262C |
|
DIN No.: |
00015908 |
|
|
|
|
Name : |
Mr. Sanjay Harkisandas Sanghvi |
|
Designation : |
Director |
|
Address : |
402, Shashwat Society, Opposite Irla Nursinghome, Vile Parle [West],
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1963 |
|
Date of Appointment : |
29.09.2006 |
|
DIN No.: |
01692117 |
|
|
|
|
Name : |
Mr. Bhadresh Labhshankar Joshi |
|
Designation : |
Director |
|
Address : |
11-P, Chalenger IV, Thakur Village, Kandiwali [East], Mumbai – 400101,
Maharashtra, India |
|
Date of Birth/Age : |
19.09.1963 |
|
Date of Appointment : |
29.09.2006 |
|
DIN No.: |
01692145 |
|
|
|
|
Name : |
Mrs. Asha Hemant Shah |
|
Designation : |
Director |
|
Address : |
12/15, Tukaram, Mahadik Road, Jambli Naka, Thane – 400601,
Maharashtra, India |
|
Date of Birth/Age : |
22.06.1957 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03529743 |
KEY EXECUTIVES
|
Name : |
Mr. Jitendra Mehta |
|
Designation : |
Chief Executive Office |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rasesh B. Kanakia |
|
1162145 |
|
Himanshu B. Kanakia |
|
1145171 |
|
Rupal Kanakia |
|
2804851 |
|
Hiral Kanakia |
|
2804851 |
|
Kanakia Fin and Inv. Private Limited, India |
|
915161 |
|
Kanakia Gruhnirman Private Limited, India |
|
915161 |
|
Kanakia Housing Private Limited, India |
|
915161 |
|
Vrusti Builders Private Limited, India |
|
915161 |
|
Vrutant Benefit Trust, India |
|
254200 |
|
Vrusti Benefit Trust, India |
|
254200 |
|
Niyati Benefit Trust, India |
|
254200 |
|
Ashish Benefit Trust, India |
|
254200 |
|
|
|
|
|
Total |
|
12594462 |
AS ON 28.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
29.07 |
|
Directors
or relatives of directors |
62.86 |
|
Other
top fifty shareholders |
8.07 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction Activity. |
||||
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Products/ Services : |
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||||
|
Brand Names : |
Not Divulged |
||||
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||||
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Agencies Held : |
Not Divulged |
||||
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||||
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Exports : |
Not Divulged |
||||
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|
|
||||
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Imports : |
Not Divulged |
||||
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|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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|||||||||||||||
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Customers : |
Not Divulged |
|||||||||||||||
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|||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
· Kotak Mahindra Bank Limited, 1st Floor, Vinay Bhavan Complex, 158, C.S.T. Road, Kalina, Santacruz [East], Mumbai - 400059, Maharashtra, India · Bank of Baroda, Chakala, Andheri (East), Mumbai, Maharashtra, India (Tel No.: 91-22-26879832) ·
HDFC
Bank Limited ·
Axis
Bank Limited · I.C.I.C.I. Bank Limited |
|||||||||||||||
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|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institutions : |
· JM Financial Products Limited, 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra, India · IL & FS Trust Company Limited, Il & FS Financial Centre, Plot No C22 G Block Bandra, Kurla Complex Bandra [East], Mumbai - 400051, Maharashtra, India ·
Aditya Birla Finance Limited, Indian Rayon
Compound, Veraval - 362266, Gujarat, India · LIC Housing Finance Limited ·
SREI Equipment Finance Private Limited |
|
|
|
|
Auditors : |
|
|
Name : |
A.J. Kanakia and Company Chartered Accountants |
|
Address : |
1, Alankar Building, 251, Sion Main Road, Sion (West)
Mumbai-400022, Maharashtra, India |
|
Tel. No.: |
91-22-2407009 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEPM1042Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary
company : |
· Centaur Mercantile Private Limited [U51909MH2004PTC146948] · Ashish Land and Property Developers Private Limited [U45200MH2007PTC168470] · Supreme Real Estate Developers Private Limited [U70101MH1994PTC079253] · Sarang Property Developers Private Limited [U51900MH1999PTC122297] · Niyati Real Estate Developers Private Limited [U70102MH2007PTC168559] · Kanakia Design and Construction Private Limited [U45202MH2008PTC181566] · Celebration Developers Private Limited [U45202MH2010PTC201404] · Kanakia Bhumi Construction Private Limited [U45400MH2010PTC207486] · Periwinkle Constructions Private Limited [U45202MH2010PTC201416] · Sun Star Spaces Private Limited [U45200MH2010PTC201343] · Silver Flower Constructions Private Limited [U45200MH2010PTC201344] · Kanakia Home Makers Private Limited [U45400MH2010PTC207274] · Kanakia King Style Construction Private Limited [U45400MH2010PTC207961] · Kanakia Residential Private Limited [U45400MH2010PTC207453] · RandH Homes Private Limited [U45202MH2008PTC181565] · Vrusti Real Estate Developers Private Limited [U45200MH2007PTC168508] · Vrutant Real Estate Developers Private Limited [U45200MH2007PTC168471] · Kanakia Hospitality Private Limited [U55101MH2005PTC158245] |
|
|
|
|
Associates : |
· Atithya Inn Private Limited [U55101GJ2009PTC055897] · Elegant Builders Private Limited [U45400KA1983PTC005522] · Cashew Constructions Private Limited [U45203MH2010PTC201426] · Evergreen Construction Company Private Limited [U45201GJ1988PTC011187] · Elegant Builders · Elegant Construction · Evergreen Construction · Evergreen Financial Services · Evergreen Homemakers · Evergreen Home Makers PVT LTD [U45200MH1993PTC070610] · Flexon Constructions Private Limited [U45202MH2010PTC201253] · Jonquil Constructions Private Limited [U45202MH2010PTC201430] · Kanakia Black Pearl Construction Private Limited [U45400MH2010PTC209381] · Kanakia Builders Private Limited [U45200MH2008PTC181564] · Kanakia Associates · Kanakia Builders · Kanakia Construction · Kanakia Development · Kanakia Exports · Kanakia Finance And Investments Private Limited [U65990MH1994PTC076433] · Kanakia Housing Private Limited [U45200MH1995PTC089790] · Kanakia Medical Services Private Limited [U85110MH2004PTC146373] · Mercury Developers Private Limited [U45400DL1991PTC045790] · Periwinkle Land Developers Private Limited [U45400MH2010PTC201361] · RandH Spa Services Private Limited [U85190MH2010PTC199817] · Redberry Constructions Private Limited [U45203MH2010PTC201420] · Ribbon Developers Private Limited [U45203MH2010PTC201424] · Shreenuj Constructions Private Limited [U45202MH2010PTC201254] · Syambhunath Constructions Private Limited [U45200MH2010PTC201421] · Vrusti Builders Private Limited [U45200MH1995PTC092842] · Black Bryont Constructions Private Limited [U45400MH2010PTC201474] · Caramel Constructions Private Limited [U45400MH2010PTC201359] · Kanakia Construction · Kanakia Management Services · Mercury Developers · Mont Blanc Builders |
|
|
|
|
Other Related Parties : |
· Ashish Benefit Trust · Babubhai Kanakia Foundation · Niyati Benefit Trust · Trivenibaa Madhavji Charitable Trust · Vrusti Benefit Trust · Vrutant Benefit Trust |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
10,000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 150.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,594,462 |
Equity Shares |
Rs. 10/- each |
Rs. 125.945
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 |
125.945 |
125.945 |
125.945 |
|
(b) Reserves & Surplus |
3684.882 |
3501.239 |
3434.252 |
|
(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) |
3810.827 |
3627.184 |
3560.197 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2599.772 |
4779.308 |
3452.745 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
249.565 |
239.870 |
256.976 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
2849.337 |
5019.178 |
3709.721 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3362.010 |
1697.411 |
1424.707 |
|
(b) Trade
payables |
270.277 |
348.501 |
147.533 |
|
(c) Other
current liabilities |
2599.199 |
3653.691 |
6281.989 |
|
(d) Short-term
provisions |
117.030 |
72.018 |
44.909 |
|
Total Current
Liabilities (4) |
6348.516 |
5771.621 |
7899.138 |
|
|
|
|
|
|
TOTAL |
13008.680 |
14417.983 |
15169.056 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
231.898 |
258.191 |
281.461 |
|
(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 |
2905.155 |
3002.717 |
3005.577 |
|
(c) Deferred tax assets (net) |
3.704 |
2.524 |
1.570 |
|
(d) Long-term Loan and Advances |
801.990 |
853.236 |
1027.081 |
|
(e) Other
Non-current assets |
120.843 |
176.104 |
585.645 |
|
Total Non-Current
Assets |
4063.590 |
4292.772 |
4901.334 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2766.190 |
4183.347 |
4605.002 |
|
(c) Trade
receivables |
103.955 |
423.803 |
158.181 |
|
(d) Cash
and cash equivalents |
54.241 |
149.010 |
60.484 |
|
(e)
Short-term loans and advances |
6020.704 |
5369.051 |
5444.055 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
8945.090 |
10125.211 |
10267.722 |
|
|
|
|
|
|
TOTAL |
13008.680 |
14417.983 |
15169.056 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
183.642 |
66.987 |
133.380 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.58 |
5.32 |
10.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.56
|
1.79 |
1.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41
|
1.75 |
1.30 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
125.945 |
125.945 |
125.945 |
|
Reserves & Surplus |
3434.252 |
3501.239 |
3684.882 |
|
Net
worth |
3560.197 |
3627.184 |
3810.827 |
|
|
|
|
|
|
long-term borrowings |
3452.745 |
4779.308 |
2599.772 |
|
Short term borrowings |
1424.707 |
1697.411 |
3362.010 |
|
Total
borrowings |
4877.452 |
6476.719 |
5961.782 |
|
Debt/Equity
ratio |
1.370 |
1.786 |
1.564 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
57.969 |
27.124 |
3230.325
|
|
|
|
|
|
|
Total |
57.969 |
27.124 |
3230.325
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
Yes |
|
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 349, Business Point, 5th Floor, Western Express Highway,
Mumbai – 400069, Maharashtra, India to the present w.e.f.20.09.2010.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10397901 |
27/12/2012 |
80,000,000.00 |
SREI EQUIPMENT
FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA |
B66180340 |
|
2 |
10368053 |
25/09/2013 * |
265,000,000.00 |
JM FINANCIAL
PRODUCTS LIMITED |
7TH FLOOR,
CNERGY, APPASAHEB MARATHE MARG, PRABHADEVI, MUMBAI - 400025, MAHARASHTRA,
INDIA |
B86500261 |
|
3 |
10320404 |
22/11/2011 |
500,000,000.00 |
INFRASTRUCTURE
DEVELOPMENT FINANCE COMPANY LIMITED |
KRM TOWER, 8TH FLOOR,
NO. 1, HARRINGTON ROAD, CHETPET, CHENNAI - 600031, TAMILNADU, INDIA |
B26496257 |
|
4 |
10296107 |
15/06/2011 |
1,250,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE, H.T.
PAREKH MARG, 169, BACKBAY, RECLAMATION, CHURCHGATE, MUMBAI - 400020,
MAHARASHTRA, |
B16521148 |
|
5 |
10249294 |
12/07/2012 * |
25,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
1ST FLOOR, VINAY
BHAVAN COMPLEX, 158, C.S.T. ROAD, KALINA, SANTACRUZ - EAST, MUMBAI - 400059,
MAHARASHTRA, INDIA |
B44940633 |
|
6 |
10202186 |
28/01/2010 |
16,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA |
A78934726 |
|
7 |
10186046 |
04/11/2009 |
2,500,000.00 |
BANK OF BARODA |
CHAKALA BRANCH,
APPLE HERITAGE, GROUND FLOOR, 54-C, ANDHERI KURLA ROAD, CHAKALA, ANDHERI (E),
MUMBAI - 400093, MAHARASHTRA, INDIA |
A73080566 |
|
8 |
10183367 |
29/09/2009 |
1,435,000.00 |
BANK OF BARODA |
CHAKALA BRANCH,
APPLE HERITAGE, GROUND FLOOR, 54-C, ANDHERI KURLA ROAD, CHAKALA, ANDHERI (E),
MUMBAI - 400093, MAHARASHTRA, INDIA |
A72357304 |
|
9 |
10179905 |
18/09/2009 |
775,000.00 |
BANK OF BARODA |
CHAKALA BRANCH,
APPLE HERITAGE, GROUND FLOOR, 54-C, ANDHERI KURLA ROAD, CHAKALA, ANDHERI (E),
MUMBAI - 400093, MAHARASHTRA, INDIA |
A70478284 |
|
10 |
10180978 |
07/01/2011 * |
154,500,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169
BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, MAHARASHTRA, INDIA |
B07151814 |
|
11 |
10224887 |
07/07/2009 |
83,150,000.00 |
HDFC BANK
LIMITED |
KAMALA MILLS COMPOUND,
SENAPATI BAPAT MARG, LOWER PAREL, MUMBAI - 400013, MAHARASHTRA, INDIA |
A73515108 |
|
12 |
10166639 |
25/05/2009 |
1,150,000.00 |
BANK OF BARODA |
CHAKALA BRANCH,
APPLE HERITAGE, GROUND FLOOR, 54-C, ANDHERI KURLA ROAD, CHAKALA, ANDHERI (E),
MUMBAI - 400093, MAHARASHTRA, INDIA |
A65499543 |
|
13 |
10148574 |
19/02/2009 |
10,000,000.00 |
BANK OF BARODA |
CHAKALA BRANCH,
APPLE HERITAGE, GROUND FLOOR, 54-C, ANDHERI KURLA ROAD, CHAKALA, ANDHERI (E),
MUMBAI - 400093, MAHARASHTRA, INDIA |
A58637646 |
|
14 |
10120439 |
29/08/2008 |
750,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169
BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, MAHARASHTRA, INDIA |
A44607075 |
|
15 |
10096075 |
19/06/2012 * |
2,000,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169
BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, MAHARASHTRA, INDIA |
B42517581 |
|
16 |
80026811 |
20/02/2005 |
10,000,000.00 |
HOUSING
DEVELOPMENT FINANCE CORPORATION LIMITED |
RAMON HOUSE 169
BACKBAY RECLAMATION, H T PAREKH MARG, MUMBAI - 400020, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans repayable on demand |
632.759 |
1053.252 |
|
Deposits |
36.594 |
20.030 |
|
Loans and advances from related parties |
2692.657 |
624.129 |
|
|
|
|
|
Total |
3362.010 |
1697.411 |
FINANCIAL RESULTS
During the year, The Company has gained profit worth Rs.
183.642 Millions
FIXED ASSETS:
· Buildings
· Office building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
·
Other equipments
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.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.