MIRA INFORM REPORT
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Report No. : |
317468 |
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Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANJ TURNKEY PROJECTS PRIVATE LIMITED |
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|
|
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Registered Office
: |
106/107, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali (West), Mumbai - 400067, Maharashtra |
|
Tel. No.: |
91-22-65127101 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.04.2008 |
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Com. Reg. No.: |
11-181752 |
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Capital
Investment / Paid-up Capital : |
Rs.0.990 Million |
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CIN No.: [Company Identification
No.] |
U74210MH2008PTC181752 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA32893A |
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PAN No.: [Permanent Account No.] |
AAHCA0115C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject operates in the field of Architect Design, Interior Fit out and Civil Construction Contracting. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 750000 |
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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. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payments are
reported to be usually 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DENIED BY
|
Name : |
Mr. Ashok Magharam Kularia |
|
Designation : |
Director |
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Mobile No.: |
91-9821098441 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office : |
106/107, Rajiv Gandhi Commercial Complex, Ekta Nagar, Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Tel. No.: |
91-22-65127101-2/ 65157101-2 |
|
Mobile No.: |
91-9821098441 (Mr. Ashok
Magharam Kularia) |
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Fax No.: |
91-22-28671271 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Ashok Magharam Kularia |
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Designation : |
Director |
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Address : |
C-501 Suresh Smruti Co-Operative Housing Society Limited, Veera Desai
Road, Andheri (West) , Mumbai – 400058, Maharashtra, India |
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Date of Birth/Age : |
07.01.1983 |
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Date of Appointment : |
29.04.2008 |
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Qualification : |
B.E. |
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Experience : |
10 Years |
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DIN No.: |
02077773 |
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Other
Directorship :
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Name : |
Mr. Magharam Chatararam Kularia |
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Designation : |
Director |
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Address : |
C-704 Suresh Smruti Co-Operative Housing Society, Veera Desai Road, Prathamesh
Complex, Azad Nagar, Andheri (West), Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
01.04.1952 |
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Date of Appointment : |
29.04.2008 |
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DIN No.: |
02096462 |
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Other
Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Magharam Kularia |
|
10000 |
|
Magharam Chatararam Kularia |
|
89000 |
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|
|
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Total |
|
99000 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
|
Percentage |
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|
|
|
|
Directors or relatives of directors |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject operates in the field of Architect Design, Interior Fit out and Civil Construction Contracting. |
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Product : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Jayesh Sanghrajka and Company Chartered Accountants |
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Address : |
Unit No. 405-408, 4th Floor, Hind Rajasthan Centre, D. S. Phalke Road, Dadar, Mumbai, Maharashtra, India |
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PAN No.: |
AADFJ9072C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates and Enterprises
over which Key Managerial Personnel or relatives of key Managerial Personnel
are able to exercise significant influence : |
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CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
99,000 |
Equity Shares |
Rs.10/- each |
Rs.0.990
Million |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
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I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
0.990 |
0.990 |
0.990 |
|
(b) Reserves &
Surplus |
262.592 |
195.648 |
117.659 |
|
(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) |
263.582 |
196.638 |
118.649 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
4.779 |
3.445 |
2.702 |
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(b) Deferred tax
liabilities (Net) |
4.360 |
2.657 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.376 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
10.515 |
6.102 |
2.702 |
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(4) Current Liabilities |
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|
|
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(a) Short term borrowings |
0.128 |
62.690 |
57.968 |
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(b) Trade payables |
236.476 |
219.980 |
188.459 |
|
(c) Other current
liabilities |
36.415 |
25.468 |
29.538 |
|
(d) Short-term provisions |
38.805 |
36.628 |
57.875 |
|
Total Current Liabilities
(4) |
311.824 |
344.766 |
333.840 |
|
|
|
|
|
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TOTAL |
585.921 |
547.506 |
455.191 |
|
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|
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
133.292 |
138.018 |
117.457 |
|
(ii) Intangible Assets |
0.109 |
0.146 |
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 |
8.304 |
5.010 |
22.758 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.008 |
|
Total Non-Current Assets |
141.705 |
143.174 |
140.223 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
43.316 |
78.929 |
27.746 |
|
(c) Trade receivables |
228.976 |
217.627 |
219.247 |
|
(d) Cash and cash
equivalents |
121.709 |
51.704 |
21.462 |
|
(e) Short-term loans and
advances |
50.215 |
56.072 |
46.513 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
444.216 |
404.332 |
314.968 |
|
|
|
|
|
|
TOTAL |
585.921 |
547.506 |
455.191 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1491.086 |
1404.753 |
1140.789 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
1491.086 |
1404.753 |
1140.789 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
1372.642 |
1290.718 |
1052.824 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, EXCEPTIONAL ITEMS |
118.444 |
114.035 |
87.965 |
|
|
|
|
|
|
|
Less/ Add |
EXCEPTIONAL ITEMS |
10.029 |
(3.238) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
108.415 |
117.273 |
87.965 |
|
|
|
|
|
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|
Less |
TAX |
40.554 |
38.234 |
28.540 |
|
|
|
|
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|
|
|
PROFIT/ (LOSS) AFTER TAX
|
67.861 |
79.039 |
59.425 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
685.46 |
798.37 |
600.25 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
4.55 |
5.63 |
5.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.50 |
21.42 |
19.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.60 |
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.02 |
0.34 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.17 |
0.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.990 |
0.990 |
0.990 |
|
Reserves & Surplus |
117.659 |
195.648 |
262.592 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
118.649 |
196.638 |
263.582 |
|
|
|
|
|
|
long-term borrowings |
2.702 |
3.445 |
4.779 |
|
Short term borrowings |
57.968 |
62.690 |
0.128 |
|
Total borrowings |
60.670 |
66.135 |
4.907 |
|
Debt/Equity ratio |
0.511 |
0.336 |
0.019 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1140.789 |
1404.753 |
1491.086 |
|
|
|
23.139 |
6.146 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1140.789 |
1404.753 |
1491.086 |
|
Profit |
59.425 |
79.039 |
67.861 |
|
|
5.21% |
5.63% |
4.55% |
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 |
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 |
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 LOAN
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
1.976 |
1.783 |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
0.128 |
22.287 |
|
Total |
2.104 |
24.07 |
CONTINGENT LIABILITIES
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Bank Guarantee |
94.145 |
134.155 |
|
Corporate Guarantee |
20.000 |
20.000 |
|
Income Tax (Assessment Year 2011-12) appeal filed before CIT-Appeal (Penalty under section 271(1)(c) not considered. If department pursue with this, maximum penalty will be 3 times of tax demanded) |
0.510 |
0.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10526364 |
02/06/2014 |
120,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C30020952 |
|
2 |
10473353 |
25/01/2014 |
320,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B94647815 |
|
3 |
10417383 |
11/03/2013 |
493,884.00 |
CORPORATION BANK |
BANDRA BRANCH,BAITUL SARAF,105, HILL ROAD,BANDRA |
B72470578 |
|
4 |
10383040 |
28/09/2012 |
1,000,000.00 |
CORPORATION BANK |
BANDRA BRANCH,BAITUL SARAF,105, HILL ROAD,BANDRA |
B60723194 |
|
5 |
10159240 |
16/10/2012 * |
280,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39, |
B61800595 |
* Date of charge modification
FIXED ASSETS
- Vacuum Cleaner
- Motor Car
- Machinery
- Plant and Machinery
- Furniture and Fixture
- Computer and Printer
- Computer Software
- Vehicles
- Factory Building
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
50 |
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.