MIRA INFORM REPORT
|
Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
KESTREL AVIATION PRIVATE LIMITED |
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Registered
Office : |
Airport Authority of India, Juhu Aerodrome, Juhu, Santacruz (West),
Mumbai – 400056, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.03.2007 |
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Com. Reg. No.: |
11-169412 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
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CIN No.: [Company Identification
No.] |
U29213MH2007PTC169412 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK18108G |
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PAN No.: [Permanent Account No.] |
AADCK2002L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Chartering of Helicopters. |
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No. of Employees
: |
16 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Networth of the company has been eroded due to accumulated loss
incurred from its operations. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on safe and
secured 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 willfully 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Milind V. Sawant |
|
Designation : |
Admin and Accounts Manager |
|
Contact No.: |
91-9049991683 |
|
Date : |
15.11.2014 |
LOCATIONS
|
Registered Office : |
Airport Authority of India, Juhu Aerodrome, Juhu, Santacruz (West),
Mumbai – 400056, Maharashtra, India |
|
Tel. No.: |
91-22-26601023 |
|
Mobile No.: |
91-9049991683 (Mr. Milind V. Sawant) |
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Fax No.: |
91-22-26609533 |
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E-Mail : |
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Location : |
Rented |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Shilan Jayantilal Thaker |
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Designation : |
Director |
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Address : |
601/2, Krishna Alankar Society, Tejpal Scheme, Road No. 5,
Vile Parle (East), Mumbai - 400057, Maharashtra, India |
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Date of Birth/Age : |
18.07.1957 |
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Date of Appointment : |
18.10.2007 |
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PAN No.: |
AABPT4607K |
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DIN No.: |
01836220 |
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Other Directorship :
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Name : |
Mr. Raman Kumar Jain |
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Designation : |
Additional director |
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Address : |
31, Venus, S.V.P. Nagar, Andheri (West), Mumbai – 400053, Maharashtra,
India |
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Date of Birth/Age : |
06.04.1960 |
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Date of Appointment : |
03.10.2013 |
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PAN No.: |
ABAPJ2048Q |
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DIN No.: |
00108435 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Milind V. Sawant |
|
Designation : |
Admin and Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Shilan Jyantilal Thaker |
4925000 |
98.50 |
|
Nrupa Thakker |
75000 |
1.50 |
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|
|
|
|
Total |
5000000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Chartering of Helicopters. |
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Exports : |
-- |
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Imports : |
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Products : |
Spare parts of Helicopters |
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Countries : |
· Italy · U.A.E. |
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Terms : |
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Selling : |
Cheque and RTGS |
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Purchasing : |
Advance Payment |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Aviation India · Jet Computer · Indian Oil Corporation Limited · Maruti Enterprises · Reliance Energy · A R Textile · Flamingo Aviation and Logistics · Unitrack Logistics Private Limited |
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Customers : |
· Viraj Profiles Limited · Global Aviation · Golden Hour Care · Hermes Electronics · Lokmat Media Limited · Welspun Corp. Limited · Malhotra Helicopters Private Limited · Leo Air Charter Services |
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No. of Employees : |
16 (Approximately) |
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Bankers : |
· Indian Overseas Bank 2/10, Elphinstone Building, Veer Nariman Point, Fort
Branch, Mumbai - 400023, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Sarda and Pareek Chartered Accountants |
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Address : |
Mahavir Apartments, Third Floor, 598, M G Road, Near
Suncity Cinema, Vile Parle [East], Mumbai - 400057, Maharashtra, India |
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Tel. No.: |
91-22-26101124-26 |
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Fax No.: |
91-22-26134015 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AACFS5694A |
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Parent Company : |
Viraj Profiles Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
(477.859) |
(479.291) |
(323.630) |
|
(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) |
(427.859) |
(429.291) |
(273.630) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
759.040 |
750.000 |
770.674 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
759.040 |
750.000 |
770.674 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
535.145 |
512.786 |
322.471 |
|
(b)
Trade payables |
35.457 |
28.876 |
30.688 |
|
(c)
Other current liabilities |
10.217 |
13.836 |
12.802 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
4.132 |
|
Total
Current Liabilities (4) |
580.819 |
555.498 |
370.093 |
|
|
|
|
|
|
TOTAL |
912.000 |
876.207 |
867.137 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
65.931 |
78.710 |
93.969 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
733.301 |
733.648 |
734.114 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
799.232 |
812.358 |
828.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
42.277 |
11.255 |
12.614 |
|
(c)
Trade receivables |
61.871 |
40.542 |
17.571 |
|
(d)
Cash and cash equivalents |
0.956 |
1.840 |
-5.736 |
|
(e)
Short-term loans and advances |
7.664 |
10.212 |
14.343 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.262 |
|
Total
Current Assets |
112.768 |
63.849 |
39.054 |
|
|
|
|
|
|
TOTAL |
912.000 |
876.207 |
867.137 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
79.594 |
115.404 |
|
|
|
|
Other Income |
0.202 |
13.951 |
|
|
|
|
TOTAL (A) |
79.796 |
129.355 |
170.650 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
17.778 |
25.066 |
|
|
|
|
Other expenses |
43.236 |
119.119 |
|
|
|
|
TOTAL (B) |
61.014 |
144.185 |
267.818 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
18.782 |
(14.830) |
[Including
Financial and Depreciation Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
109.407 |
123.907 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(90.625) |
(138.737) |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.779 |
15.259 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(103.404) |
(153.996) |
(97.168) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.556 |
1.665 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(103.960) |
(155.661) |
(97.168) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(20.79) |
(31.13) |
(19.43) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(130.61) |
(134.88) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
23.60 |
(12.85) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.34) |
(17.58) |
(11.21) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.36 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(3.02) |
(2.94) |
(3.99) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.19 |
0.11 |
0.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
(323.630) |
(479.291) |
(477.859) |
|
Net
worth |
(273.630) |
(429.291) |
(427.859) |
|
|
|
|
|
|
Long-term borrowings |
770.674 |
750.000 |
759.040 |
|
Short term borrowings |
322.471 |
512.786 |
535.145 |
|
Total
borrowings |
1093.145 |
1262.786 |
1294.185 |
|
Debt/Equity ratio |
(3.995) |
(2.942) |
(3.025) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
170.650 |
129.355 |
79.796 |
|
|
|
(24.199) |
(38.312) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
170.650 |
129.355 |
79.796 |
|
Profit/ (Loss) |
(97.168) |
(155.661) |
(103.960) |
|
|
(56.94%) |
(120.34%) |
(130.28%) |
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
three years |
Yes |
|
12] |
Profitability for last
three 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
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 |
No |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
SHORT TERM BORROWINGS |
|
|
|
BA_Viraj Profiles Limited |
7.000 |
7.000 |
|
BA_Bafna Aviation Private Limited |
0.000 |
66.618 |
|
BA_Bafna Motors (Mumbai) Private Limited |
0.000 |
78.754 |
|
FW_Fixed Wing (KAPL) |
(0.038) |
0.000 |
|
KA_Bafna Aviation Private Limited (Dr.) |
(10.760) |
(45.298) |
|
KA_Bafna Aviation Private Limited |
0.000 |
(15.000) |
|
KA_Bafna Motors (Mumbai) Private Limited |
(56.185) |
(56.185) |
|
KA_Bafna Motors (Mumbai) Private Limited |
(3.800) |
1.200 |
|
KA_Bhoomika Constructions Private Limited |
14.546 |
14.502 |
|
KA_Viraj Profiles Limited |
584.382 |
461.195 |
|
|
|
|
|
Total |
535.145 |
512.786 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED PROFITABILITY
STATEMENT
(RS.
IN MILLIONS)
|
PARTICULARS |
31.03.2015 PROJECTIONS |
31.03.2016 PROJECTIONS
|
|
|
|
|
|
Revenue from Operations |
102.960 |
123.552 |
|
|
|
|
|
TOTAL |
102.960 |
123.552 |
|
|
|
|
|
NET SALES |
102.960 |
123.552 |
|
|
|
|
|
% Rise (+) or Fall(-) in Net Sales as compared to Previous Year |
23 |
17 |
|
|
|
|
|
COST OF SALES |
|
|
|
|
|
|
|
Direct Operating Expenses |
32.762 |
36.038 |
|
|
|
|
|
Consumption of stores and spare parts |
10.026 |
12.031 |
|
|
|
|
|
Power and Fuel |
15.481 |
18.577 |
|
|
|
|
|
Rent including lease rentals |
6.892 |
10.338 |
|
|
|
|
|
Repairs and maintenance - Building |
0.190 |
0.209 |
|
|
|
|
|
Sub Total (i to vi) |
22.563 |
29.124 |
|
|
|
|
|
Operating Profit before Interest (3 - 7) - ( EBIDTA ) |
80.397 |
94.428 |
|
|
|
|
|
Interest WC (CC + others) |
-- |
-- |
|
Interest on car loan |
-- |
-- |
|
Interest on TL(Existing) |
-- |
-- |
|
Interest on WCTL |
-- |
-- |
|
Interest on FITL |
-- |
-- |
|
Interest-others |
15.000 |
15.000 |
|
|
|
|
|
Operating Profit after Interest (8 - 9) (CASH PROFIT) |
65.397 |
79.428 |
|
|
|
|
|
Depreciation |
45.328 |
57.490 |
|
|
|
|
|
PBT before Extra-ordinary Items |
20.069 |
21.938 |
|
|
|
|
|
ADD Other Non-Operating Income |
|
|
|
|
|
|
|
a. Misc. Income |
0.202 |
13.019 |
|
|
|
|
|
Sub Total Income |
0.202 |
13.019 |
|
|
|
|
|
f. Employee benefit expense |
19.556 |
25.423 |
|
|
|
|
|
Sub Total Expenses |
19.556 |
25.423 |
|
|
|
|
|
Net of other non-operating income/expenses |
(19.354) |
(12.404) |
|
|
|
|
|
Net of 11(i) and 11 (ii) |
-- |
-- |
|
|
|
|
|
PBT after Extra-ordinary items |
0.715 |
9.534 |
|
|
|
|
|
Excess / Short Provision for Taxation |
0.132 |
1.764 |
|
|
|
|
|
Provision for FBT |
-- |
-- |
|
|
|
|
|
Deferred Tax and Others |
-- |
-- |
|
|
|
|
|
PAT |
0.583 |
7.770 |
|
|
|
|
|
Proposed Dividend |
-- |
-- |
|
|
|
|
|
ADJUSTED PAT |
0.583 |
7.770 |
|
|
|
|
|
% Net profit to sales |
1 |
6 |
------------------------------------------------------------------------------------------------------------------------------
PROJECTED BALANCE SHEET
(RS.
IN MILLIONS)
|
SR NO. |
PARTICULARS |
31.03.2015 PROJECTIONS |
31.03.2016 PROJECTIONS
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
1 |
Equity Share Capital |
50.000 |
50.000 |
|
|
|
|
|
|
2 |
Reserves and Surplus |
(477.276) |
(469.506) |
|
|
|
|
|
|
3 |
Share Premium |
-- |
-- |
|
|
|
|
|
|
|
TOTAL SHARE HOLDERS' FUND |
(427.276) |
(419.506) |
|
|
|
|
|
|
4 |
Long Term Borrowings |
100.000 |
100.000 |
|
|
|
|
|
|
5 |
Short Term Borrowings |
740.329 |
641.875 |
|
|
|
|
|
|
6 |
Sundry Creditors - Expenses |
31.674 |
63.347 |
|
|
|
|
|
|
7 |
Other Current Liability and Provisions |
13.662 |
27.324 |
|
|
|
|
|
|
|
TOTAL |
458.388 |
413.040 |
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
16 |
Fixed assets at cost |
400.674 |
400.674 |
|
|
|
|
|
|
17 |
Accumulated Depreciation |
45.864 |
103.354 |
|
|
|
|
|
|
18 |
Net Fixed Assets |
354.810 |
297.319 |
|
|
|
|
|
|
19 |
Long Term Loans and Advances |
3.300 |
3.300 |
|
|
|
|
|
|
23 |
Inventories |
11.255 |
10.000 |
|
|
|
|
|
|
28 |
Trade Receivables |
80.309 |
96.371 |
|
|
|
|
|
|
33 |
Cash and Bank Balances |
1.050 |
1.050 |
|
|
|
|
|
|
34 |
Short Term Loans and Advances |
7.664 |
5.000 |
|
|
|
|
|
|
|
TOTAL |
458.388 |
413.040 |
------------------------------------------------------------------------------------------------------------------------------
NETWORTH STATEMENT
MR. SHILAN JAYANTILAL THAKER
(RS. IN MILLIONS)
(AS ON 31.03.2014)
|
SR. NO. |
PARTICULARS |
|
MARKET
VALUE |
|
|
|
|
|
|
A) |
IMMOVABLE ASSETS
|
|
|
|
|
|
|
|
|
1 |
Flat at Krishna Alankar |
|
|
|
|
Flat No. 601-602 Area 1800 Sq. ft. |
Cost Rs. 3.000
Millions |
50.000 |
|
|
|
|
|
|
2 |
Furniture and Fixtures in Flat |
|
0.300 |
|
|
|
|
|
|
3 |
Flat at Nityanand Nagar No. 4 |
|
|
|
|
Flat No. 2/43 Area 280 Sq. ft. |
Rs. 0.750
Million |
20.000 |
|
|
|
|
|
|
B) |
MOVEABLE
PROPERTIES |
|
|
|
|
|
|
|
|
|
Bonds |
|
5.523 |
|
|
|
|
|
|
|
Mutual Funds |
|
7.586 |
|
|
|
|
|
|
|
Shares |
Cost Rs. 8.090
Millions |
37.500 |
|
|
|
|
|
|
|
Cash and Bank Balance |
|
|
|
|
NSS |
|
0.319 |
|
|
|
|
|
|
|
PPF |
|
1.182 |
|
|
|
|
|
|
|
Other Bank and Cash |
|
1.219 |
|
|
|
|
|
|
|
TOTAL |
|
123.629 |
------------------------------------------------------------------------------------------------------------------------------
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from Civil
Aerodrome, Adjacent To A R Railways, Juhu, Mumbai – 400049, Maharashtra, India to
the present address w.e.f.20.05.2013.
FIXED ASSETS:
· BA_Computer
· BA_Printer
· BA_Trolley
· KA_Helicopter
· KA_Computer
· KA_Office Equipment
· KA_Trolley
· KA_Air Conditioners
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. 61.68 |
|
|
1 |
Rs. 96.94 |
|
Euro |
1 |
Rs. 77.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
14 |
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.